Kolte Patil plans two new realty projects in Pune

Kolte Patil Developers has announced the signing of two new projects in Pune under the Development Management (DM) model. The development manager, Kolte-Patil will lend its brand to these projects and jointly collaborate with the landowners to oversee product design, sales and marketing, project quality and cash flow management leading to time-bound delivery to home buyers. The project costs would continue to be borne by the respective projects and that both the locations of the new projects are established micro-markets within Pune and are strategically located with multiple schools, hospitals, retail and residential spaces in close proximity. The plot is located at Hinjewadi with an area stretching across 8.4 acres; saleable area 0.75 million sq. ft. Similarly, the other project is located at Tathawade on an area of 5.4 acres. In addition, Kolte-Patil also signed three new projects with a combined saleable area of ~2.2 msf in Pune under capital-light models. These new DM projects aimed at strengthening the company's market position in Pune.