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Pune-Based Kolte-Patil Developers Announces Rs 9,000 Crore Project Launches By FY25

Pune, February 13, 2024: Kolte-Patil Developers Limited, a big Pune real estate company with a growing presence in Mumbai and Bengaluru, has announced a big plan. They want to start projects worth INR 9,000 crore over the next 14 months in Pune, Mumbai, and Bengaluru. This move is very important for Kolte-Patil Developers because they want to become stronger in important areas and get more customers. They are focusing a lot on Pune. The projects in Pune will cost about INR 6,400 crore. Pune’s housing market is doing well because the city keeps getting better with more buildings and jobs. People like Pune because it’s nice to live there, not too expensive, and people earn more money because there are many jobs.

KPDL’s new projects in Pune will be in places like Kiwale, Pimple Nillakh, Baner, Kharadi, Hinjewadi, and NIBM Road. These places are becoming popular for living because they are near factories, have good roads, and have good places like schools and parks.

Mumbai’s projects will cost about INR 2,500 crore by the year 2025. Kolte-Patil Developers plan to get 7096 customers from Pune, Mumbai, and Bengaluru together will bring about 30% of customers by 2025. This is part of their plan to have customers from different places. They want to make about INR 3,500 crore by 2025 and about INR 4,500 crore by 2026.

In November 2022, Kolte-Patil Developers started working with Marubeni Corporation, Japan. They got INR 206.5 crore for their project in Pimple Nilakh, Pune. Then in November 2023, they started another project in Kalina, Mumbai, with INR 110.9 crore from Marubeni Corporation. These deals show that Kolte-Patil Developers wants to grow with good partners while being careful with money.

Mr. Rahul Talele, Group CEO of Kolte-Patil Developers Limited, said, “We focus on making good things, not just buildings. Our work shows this as we have built over 26 million square feet. Our projects now cover 33.5 million square feet and are worth about INR 25,000 crore. The Life Republic project in Pune has been very successful, showing our commitment to quality and what customers want. Ours sold 1.7 million square feet of space in 9 months. We also got two new projects in Mumbai worth about INR 545 crore. We want to keep growing and make our cities better places to live.”

Kolte-Patil Developers use technology to build faster, make smart choices, and give customers a good experience. They want to make sure customers are happy by delivering on time and doing things right. They are growing by making new plans and working in Pune, Mumbai, and Bengaluru.

Disclaimer: The information provided by A2 Digital is for general informational purposes only.

Source: PunekarNews

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