We wish to inform you that the Company has entered into a Memorandum of Understanding with Bigbull Infrabuild Private Limited for development of Commercial/ multi storied Retirement House Project on Company''s Land admeasuring in aggregate 2.8375 acres, located in Sector 70-A, the revenue estate of Village Palra, Sub-Tehsil Badshahpur, Gurgaon, Haryana, India.