4 July 2018 Real Estate Customers response to the subvention scheme launched in April for Esquire and Exquisite projects (OC received) at Goregaon has been encouraging. The scheme allows customer to move in after paying 25% booking amount the balance can be paid in equal installments over three years. With OC received and subvention scheme launched, the number of units sold is likely to be far better in FY19. Customers can move in after upfront payment of 25% of the booking value, with the balance 75% payment equally spread over three years. We believe OBERs subvention scheme will help increase volumes in the high- ticket-size category. OBER is likely to launch 2.5msf around Diwali this year, eligible under the affordable housing scheme, which provides corporate tax exemption (MAT applicable). The company intends to pass on the benefits to customers and keep ticket size lower at ~INR12m.