Page 52 - Construction & Architecture Update JAN-FEB 2018

developer Kolte Patil

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Brief us about your latest completed projects,
ongoing projects and pipe line projects? We are on track to achieve our strategic goals and
The company has developed and constructed over 50 projects expect to deliver record sales, revenue and profits,
including residential complexes, commercial complexes and
IT Parks covering a saleable area of ~15 million square feet. better operational efficiency and further improve our
The company currently has a land bank of ~30 million square high standards of customer service.
feet through ongoing / planned projects spread across Pune,
Bengaluru and Mumbai. The company is focused on expanding
its affordable housing projects. Around 4 msf in subsequent
phases of existing projects Life Republic and Ivy Estate are
classified under Section 80 IB Affordable Housing Scheme and
wherein there will be zero tax outgo. growth strategy with new acquisitions and partnerships. The
Further, we are looking at a potential acquisition of 10-12 msf visibility of growth capital from strategic financial partners is
additional land bank through outright purchases/JDA with land supporting project momentum which coupled with our robust
owners, split across MIG, affordable housing and luxury projects. balance sheet will position KPDL for sustained profitable growth
based and expand our return ratios.
What is your wish for 2018? We are on track to achieve our strategic goals and expect
With the New Year come new challenges and goals. This to deliver record sales, revenue and profits, better operational
financial year we’ll see close to 4 million square feet of new efficiency and further improve our high standards of
launches across our markets. We look to further our asset light customer service.

www.koltepatil.com • Toll Free: 1800-266-6654