Page 61 - Kolte Patil AR 2019-20

for land and construction expenses of one particular project.
Regular updates: Home buyers are now able to monitor the progress of the project on the RERA website as it is a compulsion for promoters to make periodic submissions to the regulator regarding the progress of the project.
SWOT analysis
Strengths
Weakness
Opportunities
Threats
Company overview
Incorporated in 1991, Kolte-Patil Developers Limited is one of the leading real estate companies with a dominant presence in Pune. The Company has been creating landmarks for nearly three decades, has developing over
50 projects including residential
Standardisation: The Act requires
a standard model sale agreement to
be entered between promoters and homebuyers to safeguard the customers against the punitive clauses inserted by them. Through this, the promoters are held accountable for any defaults on their part.
Penalty: Severe monetary penalty
(up to 10% of the project cost) and imprisonment has been prescribed against the violators for the violation of the Act.
(Source: Housing.com)
Growing urbanisation and economic expansion creates potential for commercial real estate market growth
Demonetisation impacted retailers through cash shortages due to which commercial real estate demand has impacted.
The growing young population of India supports strong demand for both residential and commercial properties in India.
The Indian real estate sector is still highly unorganised
Implementation of RERA (The Real Estate (Regulation and Development) Act, GST (Goods and Services Tax) and REITs (Real Estate Investment Trusts) encouraging investor sentiment for real estate especially the commercial real estate segment.
Foreign investors are not keen to invest in Indian real estate sector due to bureaucratic procedures for project approvals and corruption.
Through REITs (Real Estate Investment Trusts), real estate companies are able to list real estate assets, boosting investment in Indian real estate sector.
Lack of infrastructure is another deterrent for the Indian real estate sector.
complexes, commercial complexes and IT Parks covering a saleable area of ~20 million square feet across Pune, Mumbai and Bengaluru. KPDL is a trusted name with an established reputation for high quality standards, design uniqueness and transparency.
Economic slowdown may affect demand
Demonetisation and liquidity crisis has resulted in shortage of cash and low transactions in property market and leasing activity.
The Company was accredited with ‘A+ /Stable’ by CRISIL, one of the highest rating accorded by CRISIL to any publicly listed residential real estate player in India.
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