Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has signed two new residential development projects in Pune, with a total estimated saleable area of 1.9 million square feet and a top-line potential of ~INR 1,300 crore.
These projects are located in Wagholi (Nagar Road), and NIBM Road (Kondhwa) in Pune.
Project Details:
Wagholi (Nagar Road) Project – Kolte-Patil has acquired ~5 acres of land at Wagholi (Nagar Road), a well-planned micro market of Pune, to develop an MIG residential project. Wagholi has rapidly evolved as a preferred residential destination because of close proximity to the major IT/ITES hubs and industrial zones, seamless connectivity to the other parts of the Pune city and well-developed social infrastructure.
NIBM Road (Kondhwa) Project – Kolte-Patil has entered into a Joint Venture to develop a premium residential project at NIBM Road, Kondhwa. This micro-market provides a unique combination of scenic appeal, robust infrastructure, and easy connectivity, making it a popular location across customer segments.
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