@Raunak: No, not right now. However, that is because we don't know the value of $k$. Once we know the value of $k$, we will re-write the Regular Expression.
For example, if $k=3$, we will re-write the regular expression as: $1^*\,\underbrace{111}_{k=3}\,(0\,\underbrace{111}_{k=3}\,)^*$