‘Skyscrapers, only way to provide better living’

“Because of the availability of global technology and the growing demand for real estate, skyscrapers are seen as the most fitting solution to any city that has space and area constraints”, says Kishor Pate, Chairman & Managing Director of Amit Enterprises Housing
 
Mr. Pate, can you brief us about your business?
We are a residential and commercial development company and we believe in quality, excellence and customer satisfaction which have been our forte. Starting with one project and now having entered into the silver jubilee year, we have completed over 66 projects and 15 projects are currently under construction. The company is a private limited company and we have a 100 per cent stake holding. Sachin Tendulkar has recently come aboard to add to the brand equity of the company.
 
Can you name few of your landmark current and upcoming projects?
Bloomfield (Ambegaon, Pune) – 2 & 3 BHK Apartments, Twin Bungalows & Villas. Located just 20 minutes from the centre of Pune offers Home Gateway (Video Door Phone, Security Panel, Gas Leak Sensor, Automatic Gas Cutoff Valve, Panic Button, Burglar Alarm) and Hi-end Security with Card Access.
 
Astonia Royale (Ambegaon, Pune) – Astonia Royale is a meticulously planned township of 2 & 3 BHK luxurious apartments. Located just 20 minutes from the centre of Pune, offers a vast open space of more than 2 lacs sq. ft. of designer landscaping, in and around the premises.
 
Sapphire Park (Balewadi, Pune) – 2 & 3 BHK Lifestyle Homes, An ecosphere of convenience awaits you with pure bliss at Balewadi, Pune with Luxury dwells amidst greenery in Designer Garden Apartments & Garden Facing apartments where you can cherish the beauty of a scenic garden.
 
Colori Project (Undri, Pune) – Colori is a culmination of worldly pleasures and functional effectiveness clubbed in one township. Located strategically with easy access to the city, Colori hosts a harmonious mix of urban lifestyle and rejuvenating nature.

15 projects are currently in progress with the entire infrastructure focusing on green technology; these include a mix of residential complexes, commercial projects, bungalows and Plots. We have also planned townships with high end facilities which are a beneficial investment proposition for NRI’s consumers.
 
What is your opinion about real estate market in Mumbai and Pune?
Currently the real estate industry is not only booming in Mumbai but there is immense growth potential in the Pune market as well. There is a huge gap in demand and supply of mid market segment housing which needs to be tapped in both the cities. The revival is expected to be driven by infrastructure growth, which in turn, can accelerate real estate activities both in the residential as well as commercial spaces. The continuous growing need for homes makes real estate a boom sector and we have a very positive outlook for the coming years ahead.
 
As of now, your business is focused in Maharashtra and mainly across Pune. Can you discuss about your expansion plans?
We are always ideating and considering new locations. We started with main focus on Pune and surrounding markets. Apart from Pune and Mumbai we are also planning to diversify in Bangalore and Hyderabad as both the cities have tremendous potential and require inroads through infrastructure and development. Internationally, we have plans to expand to Muscat city in Oman with a niche project.
 
What is the most significant achievements in your company’s history and why?
Commitment to excellence and customer satisfaction marks the ethos of the company. We have received an award from Det Norske Veritas an ISO 9001: 2008 Management System Certificate for standards maintained by the company in design, development, construction and marketing of Residential and Commercial complexes.
 
What is your annual turn-over and how much you are looking for current FY 2011-12?
We have closed at top line of Rs. 250 crores for the financial year 2010-11. We are targeting revenues of Rs. 1,000 crores in the coming fiscal year 2011-12.
 
It is said, high-rise building is the future of Indian real estate. Your say?
Because of the availability of global technology and the growing demand for real estate, skyscrapers are seen as the most fitting solution to any city that has space and area constraints and therefore cannot comfortably accommodate its inhabitants. Hence, it is rightly said that Rs.When you compare the population in our cities with the amount of land we have, the only way to provide better living conditions is by building higherRs..
 
In Maharashtra, illegal mining of sand continues despite high court ban. How do you react to this situation? And what is the road ahead?
We are using maximum crush sand in all our projects.

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