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History of Narendra Properties Ltd.

NARENDRA PROPERTIES LIMITED [NPL] is a housing development Comp. of Madras based Maher Family. The Comp. was incorporated on May 25, 1995 & obtained certificate of commencement of business on 7th June 1995 with the object of carrying on the activity of property development, catering to the needs of middle, higher income groups and corporate establishments.

The promoter Mr. Narendra C. Maher, is assisted on the Board by a team of professionals from various fields. NPL proposes to operate in both the segments of Construction Industry, viz. Residential Apartments & Commercial Complexes. The percentage allocation to each segment shall depend on land availability & marketability factors, but an overall ratio of around 70% for Residential Apartments & 30% for Commercial Complexes shall be aimed at.

In residential segment the emphasis shall be on meeting the housing needs of urban/suburban population of Madras & surrounding areas. A foray may also be made in booming market of Bangalore.

In the commercial segment, the concentration shall be on development of full fledged commercial complexes having both shops & offices, in prime business localities of Madras.

The Comp. has a few projects on hand & is negotiating a few others which are at advanced stage of planning. The Comp. plans to carve out a niche market for its housing complexes by strictly adhering to quality construction & timely deliveries of completed apartments, among middle & higher income group people.