May sell Pune land FSI to different developers: Autoline

In an interview with CNBC-TV18, M Radhakrishnan, Joint MD, Autoline Industries said that the company is not changing it's business model.

He said that the company is looking at various options with respect to it's Pune land. It might opt for selling the land, if it gets desired price. It may look for co-development, if it comes across a good co-developer. Further, the company is also preparing a master plan and it may plan to sell FSI to smaller builders of 5-10 acres each. He said Autoline is keeping all the three options open.

Below is the verbatim transcript of his interview with Ekta Batra of CNBC-TV18. Also watch the accompanying video.

Q: Can you just give us an update on your Pune land. There is some news that you are changing the business model in terms of how you might monetize it?

A: We are not changing the business model. The sale of land was not going at our expected price and last minute there was a resolve. The land price is continuously appreciating, so we don