Linkhouse Industries taps real estate boom

Excerpts from CNBC-TV18's exclusive interview with Nandkumar Harchandani:

Q: What is your main line of business and how much of development projects you have?

A: At present, we have a plan of a big size townships, which are more than 100 acres. This year, the government of Maharashtra announced foreign investments in B-size cities including Pune, Nagpur.

Nagpur and areas surrounding Nagpur are attractive now. So for the first time, we have planned more than 100 acres of townships.

Q: So will this planning be in Nagpur?

A: Yes.

Q: How much of land do you own?

A: We are already into an agreement and have 250 acres in two projects.

Q: 100 acres is in Nagpur, where is the other piece of land?

A: Both are in Nagpur.

Q: When are you likely to complete development of this project?

A: The first phase is in two years.

Q: How much is it likely to cost you?

A: More than Rs 600 crores.

Q: How are you planning to raise this money?

A: We are negotiating with foreign investors and banks.

Q: Are you looking at raising debt or equity going forward?

A: We have not yet planned that.

Q: What was your year-end profit last year?

A: In the past years, our profits have been improving and this year, we are expecting more.

Disclosure:

A search on the BSE website did not show up the results of Link House Industries for the latest quarter. CNBC-TV18 only has the results of the September 30 quarter ended 2005 when the company had posted a profit of Rs 30 lakh. The latest results are not available on the website and the company also did not give any results now either.