Kolte-Patil Partners with Blackstone to Drive Residential Growth

17 Mar 2025 CW Team

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.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..