With developments plans in place for 15 projects which are a mix of residential, commercial, retail, IT park, hospitality and warehousing, the company is geared to create world-class properties, according to Saurabh Tayal, chairman, KSL and Industries.
"The company enjoys a land bank of around 18.25 million square feet and we would roll out the projects in a phased manner over the next 12-24 months", Tayal
added.The company`s Nagpur project, Empress City - a luxurious township project, comprising a five star hotel which is at the heart of the city is expected to be ready in the next few months.The total investment in the Nagpur project is placed at Rs 6 billion.KSL
has entered into an agreement with Taj Hotels Resorts and Palaces to manage the five-star hotel at Empress City in hotel management.
"We have adopted a unique development model under which the realizations from the developed projects would be ploughed back to develop the remaining part of ongoing projects, thus taking care of the funding requirements", said Tayal