Real estate builder, Kolte-Patil Developers, has recently planned to build a residential housing project on an area of 25 acres at Kiwale in Pune. For the project, it has acquired Pune-based Sampada Realities, which owns the land parcel with residential development potential of about 2.5 million square feet, Rahul Talele, Group CEO, Kolte-Patil Developers, said adding that the development represents a revenue potential of over ₹1,400 crore for Kolte-Patil as the project has all the mandatory regulatory approvals in place. The acquisition will help further strengthen Kolte-Patil's market position in Pune. This acquisition is in line with the company's business development target worth ₹7,000 crore for the current fiscal and to go ahead it continues to evaluate more such opportunities to meet its growth objectives across Pune, Mumbai and Bengaluru. The company has developed over 50 projects, including residential complexes, integrated townships, commercial spaces and IT Parks, covering a saleable area of about 23 million square feet across Pune, Mumbai and Bengaluru, he claimed.
📅Published on:
17 August 2022
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Maharashtra is entering a new phase of accelerated urban and economic development, with large-scale redevelopment, infrastructure expansion, new economic
Kirby Building Systems & Structures India Pvt. Ltd., a subsidiary of Alghanim Industries and a leading provider of pre-engineered steel buildings (PEB) and
Housing and Urban Development Corporation (HUDCO) has signed a Memorandum of Understanding (MoU) with the Government of Bihar to provide financial assistance
Karnataka has drawn up an Economic Master Plan to develop the Bengaluru Metropolitan Region (BMR) as a global growth hub and expand its economy to $400 billion
EMS Ltd has emerged as the lowest bidder (L1) for a Rs 218.65 crore sewerage and septage management project awarded by the Directorate of Local Bodies,
Commerce and Industry Minister Piyush Goyal has said India is the world’s best location for setting up data centres, highlighting the country’s growing
Shri Tarun Kapoor, Advisor to the Prime Minister, chaired a high-level review meeting at Bharat Coking Coal Limited (BCCL) headquarters in Dhanbad on August
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
