Adani Township & Real Estate Company Pty Ltd — Not guaranteeing timeline for, project completion not providing technical reports for completed construction while demand raised.

Address: Ahmedabad, Gujarat, 380028

Website: www.shantigram.com

Dear Sir,

Adani Township & Real Estate Company Pty Ltd has got project called "Elysium" in Ahmedabad. They are not committing by what time project will be completed. Further while they demand money, not providing technical reports about completion of the construction. Further other wings shown in the brocher are not started yet. We invested into project and not the unit.

Under this circumstances, what should we do. They collecting IDC - other infrastructure development charges in each of the construction linked installments.

Why we as investor, cannot get technical report confirming construction to the stage completed is as per the plan and legal requirements. Why should we make payment if we cannot satisfy on this. While they are big player, why we can see this as fair to small investors. What are the rights we have and security of our money, if they have not constructed as per legal requirement and we come to know about this only pushing them for possession? They do not have any third party independent audit report to confirm their processes as well and in such a situation how do we rely on their processes?

Need help to raise this concern before anything adverse happens.