Aavaas by Nebula

AFFORDABLE LIVING NOT JUST AFFORDABLE HOUSING

ABOUT AAVAAS Aavaas by Nebula is an Indian affordable housing development venture established in 2016. It's promoters consists of Pacifica Companies (a US based global real estate company with 40 years internationally and 10 years in India), the Futura Group and the Kesar Group. There are currently 2 Aavaas projects under development Changodar (Ahmedabad) and Miyapur (Hyderabad) with over 6,000 affordable apartments. Aavaas is a socially impactful business that believes in the mantra of “Affordable Living not just Affordable Housing” and seeks to provide Social Infrastructure on its projects – Affordable School, Health Clinic, Fair priced shop. In keeping with its Impact goals it also aims to improve the lives of its construction workers with the philosophy of “Building the future of those who build our future homes”.



INDIA Whether they work in small scale industries, at a brick A LAND OF CONTRASTS kiln or drive autorickshaws; their dreams run on faster wheels taking a new shape and aspiring to be happy at a large scale.

INDIA - A GROWING Here all sections of society have shown different forms ofECONOMY momentum. But it’s the base of the pyramid that now houses dreams of getting urbanised.MEETTHEASPIRINGINDIANS

THEY DREAM OF AN AAVAAS LAKSHMI THAT IS THEIR PRIDE BEN A proud owner of an Aavaas 2BHK flat. Her family includes her Husband, two sons, one daughter- in-law and a grandchild. BACKGROUND: The house they are currently living in is owned by her father-in-law. Apart from their entire family, her husband’s brother and his entire family along with her in-laws reside in a single house. Her family gets 1 Room & Kitchen to share amongst 6 people. She works as a Housemaid & Cook and her husband is a Rickshaw driver. THE DREAM COMES TRUE: From a group of rickshaw drivers, her husband found out about Aavaas. Since marriage 20 years ago they have dreamt of owning a home. Affordability of the house was the most important factor in their decision to buy. They have applied for Subsidy.

RAJA PATEL A qualified Engineer who was till recently was working with a firm as an engineering trainee. BACKGROUND: Raja currently stays in a Rented Apartment with his Mother & Sister. His father booked a 2BHK flat at Aavaas for Raja as a gift. Unfortunately, within a week of buying the 2BHK his father passed away, leaving the entire house responsibility on Raja’s shoulder. It became very difficult for Raja to cope up with the expenses and instalments of the house. He was considering cancelling his booking, but since it was his father’s dream he decided to not cancel it but move to a smaller unit. THE HELP ARRIVES IN TIME: Thus, by requesting Aavaas, he changed his booking from 2BHK to 1BHK and from his name to his mother’s name for availing the subsidy. The most decisive factor for him to go for Aavaas is the trust in the credibility of the promoters. The dream of his own house has inspired Raja to join Aavaas full-time to work for fulfilling other people’s dream to get their own house.JYOTI BEN MAKWANAA homemaker and a proud owner of a 1BHK flat at Aavaas.Jyotiben’s family consists of her husband Shaileshbhai along withher son, daughter-in-law & grand daughter.BACKGROUND:The family of 5 is currently residing in a 1RK rented house.Shaileshbhai is a rickshaw driver and he saves from his incometo pay for the instalments of Aavaas.THE DREAM COMES TRUE:The family of 5 is currently residing in a 1RK rented house.Jyotiben and her husband booked Aavaas immediatelyafter their site visit without any further contemplation.The open space, the construction of house and thelocation lured their heartand they found their perfect homeat Aavaas. They have also applied for subsidy. Jyotiben isthrilled to move into a bigger house.

AFFORDABLE HOUSING MARKET By 2022, India needs to develop about IN INDIA 10 million housing units Investments of more than USD 2 trillion or about USD 250 to 260 billion annual investment until 2022. With Urban Infrastructure it will be USD 3.5 trillion Investments will need to grow at a CAGR of 12 to 13 per cent (unadjusted for inflation) in 2022 Urban housing is to account for about 85 to 90 per cent of the total investments; the focus should be on affordable urban houses, which is 70 per cent of the total urban housing requirement About 170,000 to 200,000 hectares of land is expected to be required to fulfil urban housing need by 2022 Source: Report of the Technical Group on Urban Housing Shortage (2012-17), Ministry of Housing and Urban Poverty Alleviation, Rural Housing for XII Five Year Plan, Ministry of Rural Development 2011; Funding the Vision - Housing for all by 2022, KPMG in India, 2014; KPMG in India analysis

The central government aims to provide housing to all its citizens by the year 20221. As per our estimate, the vision entails development of about 110 million housing units, including the current shortage of about 6 crore units2. The housing need is almost equally distributed in urban and rural areas in the range of 50 to 60 million units, and primarily consists of affordable houses.Affordable housing can be defined using three key parameters viz. income level, size ofdwelling unit and affordability. While the first two parameters are independent of each other,the third parameter is correlated to income and property price, and hence can be termed adependent parameter. While the above definition is a generic representation at an all Indialevel, the actual definition of affordable housing may vary with regions and income levels

AIMED TO An Initiative that focuses on: MAKE IT HAPPEN Every Indian’s dream to own his own Aavaas Working to make his dream come true is our mission Inclusive, Sustainable and Environmental Friendly Development Affordable Living, Not just Affordable housing Creating Quality product and goodwill Building the future of those who build our future homes.



VALUE DRIVERS

IN HOUSE PROJECT EXECUTION CAPABILITY DEMAND DRIVEN DESIGN TRACKRECORD UNDERSTAND NEED & SUPPLY

Courtyard Marriot, AhmedabadTRACK RECORD Kesar Altima, Ahmedabad Business Park, Delhi Meadows Villas, Ahmedabad

Futura Group is a diversified group with Green Acres, Ahmedabadactivities in Oil & Gas Services, Media, ProjectManagement & Construction. Operating sincethe year 2000; the group has had operationsin China, Ghana, Togo, Thailand, Kazakhstan,Myanmar & Russia Pacifica Companies founded in the year 1978 by Mr Ash Israni, is a privately owned real estate firm with over $4 Billion in Assets and having a worldwide presence including India, USA and Mexico. The company has over 10 years in India with over 15 projects in 6 different cities in multi asset classes. Kesar is one of the largest land aggregators & affordable housing developers of Gujarat with a strong portfolio in residential & commercial developments such as Kesar City, Kesar Shiv, Siddhi Kesar, Kesar Shaligram. San Tropez, Vadodara Aurum, ChennaiHoward Johnson, Bangalore La Habitat, AHmedabad

TRACK RECORD



FLEXIBILITY We are focused on customization of the product to meet the needs of the AND CUSTOM DESIGN end customer. The needs of a worker family are very different from those of a worker in the IT/KPO industry. This flexibility and customization of design helps us create a product that matches demand fluctuations. Further, cultural requirements differ from region to region and having executed projects across the country we understand this.



IN HOUSE PROJECT Aavaas has it’s own Construction arm EXECUTION CAPABILITY which shall oversee all project execution. This significantly reduces execution risk. We have a multi cultural execution team with pan India and international project experience. The promoters have a strong track record of real estate development with in house teams, HSE and Quality Control will be carried out by Third Party Agency Bureau Veritas which is a policy followed on past projects.



UNDERSTANDING We use pre launch demand studies & data NEEDS analytics to understand demand, product requirements, suitable locations, affordability and leverage agent network to assess demand prior to launch. We conduct pre launch, end user survey to assess demand, unit type and size requirements. Initial survey is used as input into finalizing location, size, design. We also conduct town hall meetings to showcase designs, unit types and get final inputs which are used to fine tune the project. Currently Aavaas projects are focused on fast growing Industrial areas & KPO centres.



AFFORDABLE LIVING AFFORDABLE AFFORDABLE NOT JUST AFFORDABLE HOUSING HEALTH SCHOOL Tie up with Medical Provider Provide education to to run medical clinic in the the children of the community. community.

FEEDER COMMUNITY TRANSPORT HALL Transport from Aavaas Provide a community hall for community to point of social functions/community public transport via Aavaas events. community bus. LIBRARY/ PLAY FAIR PRICED COMPUTER AREA SHOP ROOM Provide clean and Create a commercial safe children‘s play centre in the vicinity orTo propagate adult and area within the within the Communitychildren‘s education. community. for every day needs like - groceries, prepaid shops, barber, etc.Disclaimer: Facilities may be selectively available at select projects. They may be provided through partners in vicinity of the project.

BUILDING THE FUTURE We not only seek to create Impact in the lives of those who ultimately reside in the homes we build but also care OF THOSE WHO BUILD OUR FUTURE HOMES deeply about how can we build these homes in the most Socially impactful manner. We aim to provide housing, sanitation & health services to our construction workers. Our Construction Sites are licensed and registered under BOCW Act We provide Children's Creche with mid day meals for all children of Construction Workers A unique housing solution for migrant construction workers like Permanent Drinking Water, Health Clinics, Education & Intervention Programs which are being designed by International Architects and global design award winners, are in the pipeline. Our CSR partners are



AAVAAS GREEN HOUSING Recommend Energy-efficient fans to end users and efficient water pumping system Natural methods of decentralized water treatment systems Passive solar features and design for thermal comfort, day lighting and natural ventilation Water-efficient fixtures Efficient lighting – CFL/LED’s Rain water harvesting systems Bio sewage treatment and waste to energy plant Segregation of waste We are currently working with partners to study feasibility of a grid connected rooftop solar to satisfy large portion of energy requirement



MAKING AFFORDABLE MORE AFFORDABLE Initial Booking amount for flats is typically 20% which is a road block for most customer from the LIG & MIG. At Aavaas by Nebula, a customer can book a flat with just Rs.15,000 (USD 200). EMI for the Initial Booking Amount available for 6/12/24 months. EMI is as low as Rs 5000 (USD 80) p.m. Customer can opt for a bank loan for the balance purchase amount. ASSISTING CUSTOMERS WITH HOME LOAN & SUBSIDY UNDER PRADHAN MANTRI AAVAAS YOJANA We provide assistance to those in unorganized sector (no formal income) and with documentation. We pre-screen all customers for eligibility for loan. Guide customers regarding eligibility (provide information of eligibility criteria). Assist customers to prepare loan application file and provide checklists. Participate in meetings between customer and bank manager and verification process. Facilitite post loan subsidy process via banks.



AAVAAS AHMEDABAD (CHANGODAR) No of Units: 3179 Units (1RK, 1BHK, 2BHK) Land Area: 23 acres Construction Area: 24 lakh Sq Ft Prices : From Rs. 8 Lakhs to 19 lakhs (USD 12,500 to USD 30,000) Demand Driver: Pharmaceutical HubPROJECTS

AAVAAS HYDERABAD (MIYAPUR)No of Units: 2670 Units (1BHK, 2BHK)Land Area: 10 AcresConstruction Area:18 lakh sq ft approxPrices : From Rs.17 Lakhs to 26 lakhs (USD 25,000 to USD 39,000)Demand Driver: Cybercity/ Biotech Industry PROJECTS IN PLANNING & APPROVALS STAGE Bechraji (Gujarat), Sanand (Gujarat) , Chennai (Tamil Nadu). FUTURE PROJECTS: Bangalore, Hyderabad, Ahmedabad, Kolkata.

TEAM AAVAAS

RAKESH ISRANIRakesh Israni has spent over 2 decades in the Real Estate Industry in the US and in India. Hegraduated from Gujarat University and soon after moved to the United States where hestarted his career in the Real Estate industry and spent several years in both Development andInvestment in multiple real asset classes. After 10 successful years in the US he moved backto India to start a development platform. Today after 11 years he has led over 30 successfulprojects and has led one of the most successful FDI Real Estate companies in India. During thistime he has partnered on real estate project with other Foreign Institutional Investors such asCadim Inc. of Canda and Elbit Systmem of Isreal. He is a member of CREDAI and is a frequentspeaker at Industry Conclaves.AMIT ISRANIAmit Israni has more than 20 years of experience in the field of Corporate Finance, financialreporting and accounting. He is involved in all strategic planning of Mergers and Acquisitions,Debt and Equity solutions, legal expertise in variety of real estate concern within the organization.He has done his Masters in Business. Administration (MBA) and CWA from ICWAI Kolkata.RAJU JOSHIRaju Joshi has built been involved in land acquisitions for numerous residential as well ascommercial projects in Gujarat. He has spent over 2 decades at the grass root level negotiatingwith small land owners and in the process becoming one of the most reputed land aggregatorsin Gujarat. In addition to his commercial endeavours he runs several social service initiativesincluding subsidized soup kitchens in several locations in Gujarat.MASOOD KHANMasood Khan has been actively involved with the development of multiple hospitality projects& residential projects across India. He was selected by a joint government/private panel tolead the project development of Science City at Ahmedabad. Masood also worked on thePalm Jumeirah project in Dubai. He is a civil engineer with a Masters in Management. Masoodhas also completed Advance Management Development Program in Real Estate from HarvardUniversity.ASHISH HANDAAshish started his career as founder of IT and Oil & Gas out staffing business across the USand Russia/CIS. Since his return to India in 2009 he has been an investor in several real estateprojects - hotels, plotted projects and residential properties. He is actively involved in landacquisition and entitlements. Ashish has a Bachelor’s in Commerce from Gujarat Universityand an M.Sc in Information Technology. He has attended Harvard University’s ExecutiveEducation program on Real Estate Development in IndiaSAMEER GANDOTRAAfter a stint in investment banking with the Bank of America in New York, he moved to CIS& Russia where he initially worked in M&A with Nelson Resources, an independent oil & gascompany. He went on to hold Senior Management & Board level positions in Engineering &Construction companies in the region before establishing his own Oil & Gas services business.Since 2013 he has been an active investor in Real Estate projects in India. Sameer has aBachelor’s Degree from St. Stephens College, Delhi and an MBA from Wharton School at theUniversity of Pennsylvania

AHMEDABAD705, Shivalik Abaise, Prahaladnagar,Ahmedabad - 380015Phone: +91 79 6621 2200KOLKATTA2nd Floor, Central Plaza,2/6 Sarat Bose Road,Kolkata - 700 020VADODARAC/o. Pacifica Companies Madrid CountyNr. Bhayli Village, Bhayli - Vasna Road, BarodaPhone: +91 9099033231 / 32CHENNAIIT Capital Companies, E-Lights Techno Park Pvt.Ltd., Pacifica Tech Park, No.23, Rajiv GandhiSalai (OMR), Navalur, Chennai - 603 103HYDERABAD4th Floor, Manjeera Majestic Commercial,JNTU Road, Kukatpally, Hyderabad- 500 072PACIFICA COMPANIES (USA)1775 Hancock Street, Suite 200 San Diego,California 92110 Tel: (619) 296-9000www.aavaasbynebula.com CONTACT US ON OUR TOLL FREE NUMBER: 1800 419 2299Disclaimer: This is not an advertisement for the purpose of marketing, inviting bookings, selling or offering for sale or inviting any person/or personsto the purchase in any plot, apartment or building in any of Aavaas by Nebula’s (and affiliate companies) real estate projects of part thereof, inany planning areas. Any such advertisement will only be made after registration of the real estate project with the appropriate Real Estate Authorityestablished under the appropriate RERA act.