Coral India Finance and Housing Limited commencing a new residential project measuring approx. 40,000 sq.ft, including Flats and Bungalows at Deolali, Nasik (Maharashtra) having a project cost of approximately INR 100 million. The project is expected to be completed within 2 years. The company is entering into a purchase agreement to purchase an office premises measuring approx. 1400 sq.ft. for a consideration of approximately INR 60 million.