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Yes ______ No ___X___

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the Registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

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GAFISA S.A.

CNPJ/MF n° 01.545.826/0001-07

NIRE 35.300.147.952

Publicly-Held Company

Minutes of the Board of Officers’ Meeting held on March 17, 2015

1. Date, Time and Place: On March 17, 2015, at 11 a.m., at the headquarters of Gafisa S.A. (“Company”), located in the city of São Paulo, State of São Paulo, at Av. das Nações Unidas 8,501, 19^th floor.

2. Call Notice and Attendance: Call notice dismissed due to the presence of all Executive Officers, instatement and approval quora having been verified.

3. Presiding Board: Chairman: Sandro Rogério da Silva Gamba. Secretary: Renata de Carvalho Fidale.

4. Resolutions: The Executive Officers attending the meeting unanimously and with no restrictions decided to authorize the opening of a branch, to be located at Travessa Dom Romualdo de Seixas 1.560, Ed Connext, sala 1.903, CEP [ZIP CODE] 66055-028, in the City of Belém, State of Pará.

CLOSING: With no further matters to be discussed, these minutes were prepared, approved and signed by all the Executive Officers. Signatures: Sandro Rogério da Silva Gamba (Chairman), Renata de Carvalho Fidale (Secretary); Executive Officers: Sandro Rogério da Silva Gamba, André Bergstein, Luiz Carlos Siciliano, Octavio Marques Flores and Katia Varalla Levy.

I hereby certify that this is a true copy of the minutes drawn on the respective corporate book.

Renata de Carvalho Fidale
Secretary

SIGNATURE