Kolte-Patil Partners with Blackstone to Drive Residential Growth
Real Estate

Kolte-Patil Partners with Blackstone to Drive Residential Growth

Kolte-Patil Developers (KPDL) has entered a strategic partnership with global investment firm Blackstone to accelerate growth in India’s residential real estate sector. The deal includes Blackstone acquiring up to 66 per cent of KPDL’s stake for Rs 18 billion (bn).

As part of the agreement:
  • KPDL will allot 1.27 crore equity shares (14.3 per cent) to Blackstone Real Estate funds, raising Rs 4.17 bn.
  • Blackstone will acquire 25.7 per cent of KPDL’s post-issue equity from promoters, bringing its stake to 40 per cent.
  •  An additional 26 per cent stake will be acquired through an open offer to the public.
Rajesh Patil, Chairman, KPDL, called the partnership a “defining moment” for the company’s growth, enabling it to scale operations and unlock value. Asheesh Mohta, Head of Real Estate Acquisitions – India, Blackstone, emphasised the firm’s strategic entry into India’s residential sector, citing strong demand and urbanisation trends.
With Blackstone’s global expertise and KPDL’s execution strength, the partnership aims to enhance scalability and expand their presence in India’s residential market.

Kolte-Patil Developers (KPDL) has entered a strategic partnership with global investment firm Blackstone to accelerate growth in India’s residential real estate sector. The deal includes Blackstone acquiring up to 66 per cent of KPDL’s stake for Rs 18 billion (bn).As part of the agreement:KPDL will allot 1.27 crore equity shares (14.3 per cent) to Blackstone Real Estate funds, raising Rs 4.17 bn.Blackstone will acquire 25.7 per cent of KPDL’s post-issue equity from promoters, bringing its stake to 40 per cent. An additional 26 per cent stake will be acquired through an open offer to the public.Rajesh Patil, Chairman, KPDL, called the partnership a “defining moment” for the company’s growth, enabling it to scale operations and unlock value. Asheesh Mohta, Head of Real Estate Acquisitions – India, Blackstone, emphasised the firm’s strategic entry into India’s residential sector, citing strong demand and urbanisation trends.With Blackstone’s global expertise and KPDL’s execution strength, the partnership aims to enhance scalability and expand their presence in India’s residential market.

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?