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Kolte-Patil Developers inks pact for two new projects in Pune

Tuesday, 18 May 2021
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Kolte-Patil Developers has signed two new projects with a combined saleable area of 13 lakh sq ft under the development management model.

The company will lend its brand and jointly collaborate with land owners to oversee product design, sales and marketing, project quality and cash flow management, leading to time-bound handover to buyers.

The project costs will continue to be borne by respective projects. Both locations of the new projects are established micro-markets within Pune and strategically located with multiple schools, hospitals, retail and residential spaces in close proximity.

In February 2021, Kolte-Patil had signed three new projects with a combined saleable area of 22 lakh sq ft under capital light models.

The two new projects are in line with the company's business development strategy of expanding market share in core markets of Pune, Mumbai and Bengaluru.

Kolte-Patil Developers has developed and constructed over 50 projects in the past three decades, including residential complexes, integrated townships, commercial complexes and IT parks covering a saleable area of two crore sq ft.

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