Investor Presentaiton

• Commercial Office Space Absorption Indiabulls HOUSING FINANCE Commercial office space absorption registered its strongest quarter within the year with 12 million sq.ft. office space getting transacted in Q3 CY2021, a 168% YoY growth¹ - Space transacted during Q3 2021 is 83% of the average quarterly volume transacted during 2019, the pre- pandemic year which incidentally, was a record year for office transactions Among the larger markets, transacted volumes in Q3 CY2021 in Bengaluru and Chennai have exceeded their 2019 quarterly average The IT sector was the largest consumer of space during the quarter and took up 34% of the area transacted • • The January - September period in 2021 saw 13% more transaction activity compared to the previous year¹ New completions picked up significantly with 11.9 million sq.ft. getting delivered in Q3 CY2021, a 67% YoY growth¹ - Bengaluru, Pune and Hyderabad accounted for 73% of the new completions with Bengaluru seeing the most space delivered at 4 million sq.ft. For January - September 2021, new completions grew by 6% compared to corresponding period of the previous year¹ 1: Knight Frank India Real Estate, Q3 CY2021 34

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