Kolte-Patil Signed 2 Residential Projects in Pune, One in JV at Kondhwa Pune

Kolte-Patil Signed 2 Residential Projects in Pune, One in JV at Kondhwa Pune

Real estate developer Kolte-Patil has announced two new residential projects in Pune, Maharashtra. In which Kolte- Patil signed a Joint Venture Deal at NIBM Road, Kondhwa, Pune to develop luxury residential project.

• Project 1: Located on NIBM Road (Kondhwa)
• Project 2: Located on Wagholi (Nagar Road)

Project Highlights:

• Total Estimated Saleable Area: 1.9 million square feet
• Top-Line Potential: Approximately INR 1,300 crore
• Significance: Strengthens Kolte-Patil’s presence in high-potential micro-markets of Pune

Reasons for Expansion in Pune:

• Pune’s strong market potential due to:
  • Robust urban infrastructure
  • High quality of life
  • Reasonable cost of living
  • Growing per capita income and employment opportunities
• Kolte-Patil’s existing success in Pune with over 5 million sq. ft. delivered

Company Strategy:

• Focus on deeper penetration in high-potential micro-markets
• Leverage strong brand equity built over 3 decades
• Structured transactions with low upfront investment for optimized capital usage

Overall, this expansion signifies Kolte-Patil’s commitment to Pune’s real estate market and its vision to solidify its leadership position in the city.

 

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in