Joint Venture7 Feb 2025, 03:02 pm
Kolte-Patil Signs ~22 Acre Joint Development Project in Pune with Expected GDV of ~Rs. 4,000 Crores
AI Summary
Kolte-Patil Developers Limited, a leading Pune-based real estate player, has signed a joint development deal for a residential/mixed used project located at Wadgaon Khurd, on Sinhagad road, Pune. The project, spread over ~22 acres within Pune Municipal Corporation Limit, has a total potential saleable area of ~5 million square feet and an expected Gross Developable Value (GDV) of ~Rs. 4,000 crore. The land is strategically located in South-West part of Pune and offers breathtaking views and seamless connectivity to CBD Pune and West-Pune zone. The project is expected to strengthen Kolte-Patil's presence in the high-potential micro-market and deliver sustainable value to homebuyers and stakeholders.
Key Highlights
- Kolte-Patil Developers Limited has signed a joint development deal for a residential/mixed used project in Pune with an expected GDV of ~Rs. 4,000 crore.
- The project is spread over ~22 acres and has a total potential saleable area of ~5 million square feet.
- The land is strategically located in South-West part of Pune and offers scenic surroundings and seamless connectivity to CBD Pune and West-Pune zone.
- This project is a significant milestone for Kolte-Patil, further strengthening its presence in a high-potential micro-market.
- Kolte-Patil Developers Limited is a leading Pune-based real estate player with growing presence in Mumbai and Bengaluru.