I am extremely delighted to address you after another year in which your company hasdisplayed growth on all fronts and the outlook for the year ahead remain positive.
The real estate industry contributes about 7 to 8% to India's GDP and is thesecond-largest employment generator after the IT industry and is slated to grow at 25 to30% over the next decade. Real Estate as a matter of fact has always been an attractiveinvestment option and with the additional support of the new rules and regulations by thegovernment indicates a significant growth in the residential and commercial propertydevelopment. The growth of this sector is well complemented by the growth of the corporateenvironment and the demand for office space as well as urban and semi-urbanaccommodations.
We have always stayed firm on running a business where every decision and transactionis made with transparency. Our practice of following disclosure guidelines and strictadherence to business sustainability wealth creation and high standards of corporategovernance has today made us a respected name in the industry.
Before concluding I would like to attribute our consistent performance to thecontinued trust and patronage of all our stakeholders employees directors customersinvestors lenders exchequer and community. I thank each one of you and call upon you tocontinue participating in our drive of sustained wealth creation and sharing of value.
Mr. Jayant B Soni
DIN No: 00131959
Joy Realty Limited