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:: KSL And Industries Ltd ::
KSL & Industries to develop 15 properties across India | INRnews - INRnews - Indian Real Estate & Property News: India Mumbai Real Estate
"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", Mr 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 600 crores.
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 Mr Tayal.
The total investments would be close to Rs 2500 crore in the development of various projects.
The company has acquired a mix of premium and upcoming locations across Mumbai, Punjab, Nagpur, Kolhapur, Amritsar, Kalameshwar and Silvassa.
This is a suitable mix; while up market locations will provide us with lucrative margins in tested markets, the Tier-II cities will enable us to earn realisations higher than the prevailing average in relatively emerging locations, added Mr Tayal.
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