General Disclaimer

Disclaimer : information and material provided in this presentation do not constitute an offer or solicitation for the purchase or sale of any security and financial instrument. The information may be obtained from various sources and L&T Capital Company Ltd. (L&T) and/or its affiliates do not represent that the information is accurate or complete, and it should not be relied upon as such. L&T accepts no liability whatsoever for any direct or consequential loss arising from the use of this material or its contents. All estimates and opinions provided herein constitute the original researcher’s judgment as of the date of the report and may be subject to change without notice. L&T will not be responsible for the consequences of reliance upon any opinion or statement contained herein. The returns on the products discussed in this material are not guaranteed by any bank unless specifically stated and are subject to investment risks, including possible loss of the principal amount invested. An investment in any product should be made only after careful study of the most recent sales prospectus, term sheets, relevant fund regulations and basic legal information contained therein. Furthermore, investments in foreign currencies are subject to exchange rate fluctuations. Before entering into any transaction, you should consider the suitability of the transaction to your particular circumstances and independently review ( with your professional advisors as necessary) the specific financial risks as well as legal, regulatory, credit, tax and accounting consequences.

Real Estate Services

Disclaimer : The information provided to you by us is for general information only. Purchase of property inherently involves risks. You should understand that any reference to the property by us should NOT be construed as recommendations or investment advice from L&T Capital Markets Limited or any of its group companies. You agree and confirm that the information provided to you by us has been made in good faith and that you shall be solely responsible for ascertaining the accuracy and reliance on the information provided to you. Consequently, we shall not be responsible for any loss, damage, costs or other consequences whatsoever, pursuant to the Services provided to you since purchasing any Potential Property/ies shall be at your sole discretion only. You may consult your respective advisors concerning without limitation any legal, financial or tax matters before purchasing any Potential Property/ies. We will neither assist you nor your appointed tax, legal and accounting consultants/ advisors in conducting due-diligence on the property, evaluating or preparation of the necessary documents, required for purchasing any of the properties. The relationship between you and us is one of principal to principal for all purposes herein and neither party shall, unless otherwise expressly provided herein or authorized, have authority to act for or represent the other in any way or otherwise be deemed to be an agent of the other.

Any document provided by L&T Capital Markets Limited (LTCM) for information purposes only. The recommendations, expression of views and/or opinions, if any, are not made by LTCM and should not be deemed or construed to be neither advice for the purposes of purchase or sale of any immovable property through LTCM nor any solicitation or offering of any investment /trading opportunity thereof. Transaction(s) on immovable properties does not in any way form part of the business activity carried on by LTCM as a SEBI registered Portfolio Manager. No action is solicited based upon the information provided herein. It may be safely presumed that LTCM may have business or other relationship with the vendor or developer of any immovable property. LTCM and/or its associates may have legal, economic and/or beneficial interest through participation in Real Estate including Real Estate that may be referred to you. Hence you are advised to seek independent professional advice and arrive at an informed investment decision before making any investments. This Document has been prepared on the basis of publicly available information, internally developed data and other sources believed by LTCM to be reliable. LTCM or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information / opinions / views. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of LTCM shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained such document.

Risk Factors for Investment in Real Estate

LTCM does not solicit Investment in Real Estate. Risks inherent to the business of immovable properties including Real Estate such as project location, macro & micro economic conditions, local economic conditions, etc. may adversely impact any investments made at our own volition. Factors affecting Real Estate business such as quality of developer and the developed property, increase in operating cost, land use and zoning restrictions etc. may impact the real estate value and resultantly the return on the investment made on your own account. Inability to consummate projects and undertake the business proposed on favorable terms may affect the financial stability, cash flows, etc. Adverse conditions in financial market may have a material adverse effect on the value and returns on the investments. Real Estate investments typically are illiquid and requires a long-term commitment with no certainty of returns. Construction and development projects are subject to cost overruns, third-party performance issues, availability and costs of materials and labour, which may adversely affect the interest of the investors. Losses such as earthquake, flood, hurricane or act of war may be uninsurable or insurable at excessive premium. Delay in obtaining the necessary government approvals may delay the execution of real estate projects. Risk associated with compliance of land use regulation and any changes /amendment therein. Risk associated with title clearance, as title records provide only for presumptive title rather than a guaranteed title to the land. Public Interest litigation in India often delays the Real Estate development projects.

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