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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..