Kolte-Patil buys 2 Mumbai Goregaon society projects
Real Estate

Kolte-Patil buys 2 Mumbai Goregaon society projects

Realty developer Kolte-Patil Developers had entered into agreements to redevelop two housing societies in the Bangur Nagar micro-market in Goregaon, located in the western suburbs of Mumbai. It was estimated that these projects, which had a total saleable area of around 4.8 lakh sq ft, could generate revenue of Rs 9.5 billion.

The Pune-based company had previously executed a residential redevelopment project covering 2.77 lakh sq ft in the same micro-market. This particular project had already been sold out, with a sales value of Rs 4.95 billion.

Rahul Talele, Group CEO, Kolte-Patil Developers, stated that the addition of these new projects was an important milestone in their efforts to achieve growth and diversification beyond Pune. The company had already established a substantial presence in the Mumbai Metropolitan Region (MMR) by successfully launching and delivering projects in the western suburbs of Mumbai.

These new additions were aligned with the company's strategy of diversifying beyond its core development market in Pune and strengthening its presence in the MMR. The company aimed to carry forward the strong momentum in 2023-24.

Kolte-Patil Developers entered the Mumbai market in 2013, focusing on society redevelopment projects with lower capital intensity. They had already signed 14 projects, including two completed, five ongoing, and seven in the pipeline at prime locations across Mumbai.

Between April and May, the company had acquired four new projects, two in Pune and two in Mumbai, with a total development potential of nearly 2.6 million sq ft and revenue potential of Rs 25 billion. With the addition of the two new projects in the Mumbai region, the total topline potential for these new business development deals now amounted to Rs 34.50 billion.

Also read: 
BMC Awards NCC-J Kumar JV Contract for GMLR Twin Tunnels
NHIDCL collaborates with NIT Jamshedpur for Innovative Highway Solution


Realty developer Kolte-Patil Developers had entered into agreements to redevelop two housing societies in the Bangur Nagar micro-market in Goregaon, located in the western suburbs of Mumbai. It was estimated that these projects, which had a total saleable area of around 4.8 lakh sq ft, could generate revenue of Rs 9.5 billion. The Pune-based company had previously executed a residential redevelopment project covering 2.77 lakh sq ft in the same micro-market. This particular project had already been sold out, with a sales value of Rs 4.95 billion. Rahul Talele, Group CEO, Kolte-Patil Developers, stated that the addition of these new projects was an important milestone in their efforts to achieve growth and diversification beyond Pune. The company had already established a substantial presence in the Mumbai Metropolitan Region (MMR) by successfully launching and delivering projects in the western suburbs of Mumbai. These new additions were aligned with the company's strategy of diversifying beyond its core development market in Pune and strengthening its presence in the MMR. The company aimed to carry forward the strong momentum in 2023-24. Kolte-Patil Developers entered the Mumbai market in 2013, focusing on society redevelopment projects with lower capital intensity. They had already signed 14 projects, including two completed, five ongoing, and seven in the pipeline at prime locations across Mumbai. Between April and May, the company had acquired four new projects, two in Pune and two in Mumbai, with a total development potential of nearly 2.6 million sq ft and revenue potential of Rs 25 billion. With the addition of the two new projects in the Mumbai region, the total topline potential for these new business development deals now amounted to Rs 34.50 billion. Also read:  BMC Awards NCC-J Kumar JV Contract for GMLR Twin Tunnels NHIDCL collaborates with NIT Jamshedpur for Innovative Highway Solution

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?