Page 61 - Kolte Patil AR 2019-20

for land and construction expenses of Standardisation: The Act requires Penalty: Severe monetary penalty
one particular project. a standard model sale agreement to (up to 10% of the project cost) and
be entered between promoters and imprisonment has been prescribed
Regular updates: Home buyers are homebuyers to safeguard the customers against the violators for the violation of
now able to monitor the progress of against the punitive clauses inserted by the Act.
the project on the RERA website as it them. Through this, the promoters are
is a compulsion for promoters to make held accountable for any defaults on (Source: Housing.com)
periodic submissions to the regulator their part.
regarding the progress of the project.

SWOT analysis

Growing urbanisation Implementation of RERA (The Real Estate
and economic (Regulation and Development) Act, GST
expansion creates (Goods and Services Tax) and REITs (Real
potential for Estate Investment Trusts) encouraging
commercial real estate investor sentiment for real estate especially
Strengths market growth the commercial real estate segment.

Demonetisation Foreign investors are not
impacted retailers keen to invest in Indian Lack of
through cash real estate sector due to infrastructure is
shortages due to which bureaucratic procedures another deterrent
commercial real estate for project approvals for the Indian real
Weakness demand has impacted. and corruption. estate sector.

The growing young Through REITs (Real Estate
population of India Investment Trusts), real
supports strong demand estate companies are able
for both residential and to list real estate assets,
commercial properties boosting investment in
Opportunities in India. Indian real estate sector.

Demonetisation and
The Indian real Economic liquidity crisis has resulted
estate sector is still slowdown may in shortage of cash and low
Threats highly unorganised affect demand transactions in property
market and leasing activity.

Company overview
Incorporated in 1991, Kolte-Patil complexes, commercial complexes The Company was accredited with ‘A+
Developers Limited is one of the leading and IT Parks covering a saleable area /Stable’ by CRISIL, one of the highest
real estate companies with a dominant of ~20 million square feet across rating accorded by CRISIL to any
presence in Pune. The Company has Pune, Mumbai and Bengaluru. KPDL publicly listed residential real estate
been creating landmarks for nearly is a trusted name with an established player in India.
three decades, has developing over reputation for high quality standards,
50 projects including residential design uniqueness and transparency.

Annual Report 2019-20 | 59