Kolte-Patil Developers Limited, a Pune-based real estate development company, has a total INR9,000 crore will be disbursed across Pune, Mumbai and Bangalore in the next 14 months. The company said in a statement that this is aimed at strengthening the company's presence in high-potential smaller markets and increasing its market share.
The upcoming project will be launched in Pune. INR640 billion.
KPDL's upcoming projects will be located in smaller markets such as Kiwale, Pimple Nirak, Baner, Kaladi, Hinjewadi and NIBM Road in Pune. The company said in a statement that these micro-markets are rapidly gaining popularity as preferred residential locations due to their proximity to industrial areas, good connectivity and well-established social infrastructure.
Meanwhile, the chances of a Mumbai launch are expected to reach around 30%. INR250 billion by fiscal year 2025. With 15 redevelopment projects in Mumbai (2 completed, 5 ongoing and 8 planned), the company expects 70% of its revenue to be allocated from the Pune market and will expand into Mumbai and Bengaluru by FY25. The company said that it expects these to account for approximately 30% of total sales.
This is in line with Kolte-Patil's diversification goals.Sales guidance goals are above INR350 billion in FY25, approximately INRAccording to the company, it was 4.5 billion in fiscal 2026.
In November 2022, Kolte-Patil Developers announced a partnership with Japan's Marubeni Corporation; INR265 million for KPDL's housing project in Pune's Pimple Nilaku micromarket.
Also read: Kolte-Patil expands footprint in Mumbai metropolitan area with acquisition of two housing and social redevelopment projects
Kolte-Patil then signed a second agreement with Marubeni Corporation in November 2023. INR110.9 million at Kalina Micro Market in Mumbai. These partnerships underscore Kolte-Patil Developers' commitment to strategic alliances for strong growth while maintaining financial prudence, positioning the company for continued success in a dynamic real estate environment. said the company.
“Our commitment to ‘create, not build’ defines a unique approach to transforming buildings into landmarks that significantly improve lives. With over 33.5 million square feet of current projects, the potential gross development value (GDV) is strong. INR25,000 billion.
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“The great success of our flagship project, Life Republic in Pune, is a testament to our focus on quality and adaptability to market demands. Life Republic Township, September 24 – The project achieved pre-sales figures of 1.7 million sq ft “as the culmination of our commitment to excellence,'' said Rahul Talere, Group CEO, Kolte-Patil Developers Limited.
MMR redevelopment project
The company has secured two redevelopment projects in the MMR region with sales potential of approx. INR545 million. This is in line with the company's continued efforts to strengthen its presence in the city.
“These projects align seamlessly with our overarching goals and amplify the impact of our strategic efforts in social redevelopment. As we move forward, our efforts will undoubtedly , the MMR market, and will consolidate our prominent position in the key region of Bangalore, set new benchmarks and strengthen Kolte-Patil Developers as an industry leader,'' he said.
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Kolte-Patil Developers Ltd was established in 1991 and has a dominant presence in the housing market in Pune, with a growing presence in Mumbai and Bangalore as well. The company has developed and constructed over 58 projects including residential complexes, integrated townships, commercial complexes and IT parks covering over 26 million sq ft of salable area across Pune, Mumbai and Bangalore.
The company entered the Mumbai market in 2013, focusing on less capital-intensive social redevelopment projects. To date, the company has signed contracts for 15 projects (2 completed, 5 ongoing and 8 future projects) in prime locations in the city.
