OUR BUSINESS
We are an integrated real estate development company involved in all key activities associated with real estate development, including the identification and acquisition of land (or development rights thereto), planning, designing, execution, sales, and marketing of our projects.
We are a prominent real estate developer in the Mumbai Metropolitan Region (“MMR”) in Maharashtra and are present across all micro-markets in the MMR For the calendar years 2019 to 2023, the MMR was ranked first among the top seven Indian markets(MMR (Maharashtra), Pune (Maharashtra), Bengaluru (Karnataka), Hyderabad (Telangana), the National
Capital Region, Chennai (Tamil Nadu) and Kolkata (West Bengal)) in terms of supply, absorption and average base selling price
We are a member of the Kalpataru group of companies, consisting of our Company, Kalpataru Projects International Limited, Property Solutions (India) Private Limited, Shree Shubham Logistics Limited, and our and their respective subsidiaries, among others (collectively, the “Kalpataru Group”). The Kalpataru Group was established in 1969 by Mr. Mofatraj P. Munot
and has a legacy of 55 years. The Kalpataru Group has a multi-national presence and has operations in EPC contracting for power transmission and distribution, oil and gas, railways, civil infrastructure projects, warehousing and logistics, and facility management. Further, Kalpataru Projects International Limited is listed on the NSE and BSE.
Kalpataru Group had more than 27,000 employees globally and a footprint in 73 countries. We benefit from the Kalpataru Group’s reputation and expertise in the construction and
infrastructure sector, and our end-to-end-execution capabilities and innovation are strengthened by such affiliation.
We also believe that we derive synergies from the Kalpataru Group’s expertise and experience in adjacent offerings such as EPC, civil infrastructure construction, and facility management, among others.
We focus on the development of luxury, premium, and mid-income residential, commercial, and retail projects, integrated townships, lifestyle gated communities, and redevelopments. For our residential developments, we build and sell a wide range of properties including villas, duplexes, apartments, and plots of varying sizes, with a primary focus on luxury, premium, and mid-income residential real estate. As of March 31, 2024, 67.71%.
Developable Area of the residential projects within our Development Portfolio were located within the MMR, aggregating to 33.69 msf of Developable Area. For commercial developments, we adopt a model of developing, leasing and/or selling commercial units. In our retail developments, we develop, manage and lease units within shopping malls.
Our integrated township developments and lifestyle gated community projects typically consist of the development, sale or lease and management of residential, commercial and retail developments.
OBJECTS OF ISSUE
1. Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company and our Subsidiaries.
2. General corporate purposes.
Qualitative Factors
1. Prominent real estate company in the Mumbai Metropolitan Region in Maharashtra with a portfolio of projects diversified across different micro-markets and price points in the Mumbai Metropolitan Region and Pune, Maharashtra
2. Well-established brand with the ability to sell throughout the construction phase
3. Strong project pipeline with visibility towards near term cash flows
4. Proven end-to-end execution capabilities with continuous innovation and ability to deliver projects in a timely fashion
5. Leading real estate company in implementation of green and sustainable buildings
6. Our affiliation and relationship with the Kalpataru Group and the strong track record of our Promoters
enhances our reputation and enables us to derive synergies in terms of expertise and experience
7. Experienced and qualified management team with strong human resource practices
Comparison with Listed Industry Peers
- Oberoi Realty Limited
- Macrotech Developers Limited
- Godrej Properties Limited
- Sunteck Realty Limited
- Mahindra Lifespace Developers Limited
- Keystone Realtors Limited
- Prestige Estates Projects Limited
