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Operations and market reviewIndiaResidential development in Kolkata, IndiaBangaloreElita PromenadeDeveloped by Keppel Puravankara Development (KPD),a 51:49 joint venture between Keppel Land and India’sPuravankara Projects, Elita Promenade is a high-risecondominium development endowed with lush landscape,water bodies and lifestyle facilities such as a clubhouse,indoor heated swimming pools, a jacuzzi, barbecue pits,a bowling alley, tennis courts and squash courts.Located in J.P. Nagar in south Bangalore, the 9.7-ha site hasa 250-m frontage of the Puttenahali Lake and is a convenient30-minute drive to the city centre. It is also strategically locatedin close proximity to the Electronic City, a 130-ha IT andelectronics industrial park, and the Outer Ring Road where mostIT campuses such as Infosys, Wipro, Intel and IBM are located.To be developed in two phases, Elita Promenade comprises1,573 units of 2- and 3-bedroom apartments with unit sizesranging from 1,365 sf to 1,790 sf. Targeting the middle incomehomebuyers, Phase One was launched for sale in July 2005,followed by Phase Two in November 2006. As at end-February2007, 72% of the 1,263 units launched has been sold.Elita Promenade has been featured as one of the best buysfor real estate in Bangalore in the December 2006 edition ofa local lifestyle magazine “080”.132Operations and market reviewIndiaKeppel Land LimitedReport to Shareholders 2006