Kolte-Patil Signs Collaboration Deal in Pune with Planet Smart City for Residential Project

Kolte-Patil Signs Collaboration Deal in Pune with Planet Smart City for Residential Project

Kolte-Patil Signs Collaboration Deal in Pune with Planet Smart City for Residential Project in Pune. Pune’s realty market sees a new collaboration as Kolte-Patil Developers joins forces with UK-based Planet Smart City. This Joint Venture Deal in Pune located in Sector R10, will be developed as a Housing Project.

Project Highlights:

• Project Location: Life Republic township, Sector R10, Pune (developed by Kolte-Patil)
• Land Area: 5.4 acres
• Development Partners: Kolte-Patil I-Ven Townships (Pune) and Planet Smart City
• Project Model: Profit-sharing model
• Estimated Saleable Area: 7.6 lakh sq ft

Key Insights:

• Kolte-Patil receives Rs 91 crore for land monetization.
• This project allows them to share profits from future development.
• The funds will be used for business development and existing portfolio launches in Mumbai.
• The collaboration signifies an opportunity to improve standards in governance, operations, and product innovation for Kolte-Patil.

Project Details:

• Life Republic township spans over 400 acres, with 4.2 million sq ft already developed.
• It has pre-approved development space for another 4 million sq ft.
• The total saleable area for Life Republic is estimated at 20 million sq ft.

Planet Smart City’s Perspective:

• This partnership allows them to develop smart homes for Pune’s growing housing market.
• Their digital platform and applications will offer a range of services to residents.

This project marks a strategic alliance between two developers, bringing together Kolte-Patil’s experience in the Pune market and Planet Smart City’s expertise in smart home technology.

 

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