Kolte Patil to get Rs 2.06 bn cash infusion from Marubeni Corp

21 Nov 2022 CW Team

Pune-based Kolte Patil Developers (KPDL) has raised Rs 2.06 billion from Marubeni Corporation, Japan, for its upcoming residential project in Pune’s Pimple Nilakh micro market. Under the agreement, Marubeni Corporation will be entitled to 2.85 lakh sq ft of saleable area.

KPDL will receive this amount in a single tranche, providing further liquidity to the company to invest in business development.

“This investment will help fast-track our business development goals. We believe that this association with a leading global organisation of repute once again highlights our organising capabilities and governance standards,” said Yash Patil, joint managing director of KPDL.

The Pimple-Nilakh residential project, one of the priority launches in Kolte-Patil’s premium luxury segment portfolio, has a total development potential of around 8 lakh sq ft.

“We believe Kolte-Patil’s strong ability to understand and execute on projects and their reputation built over decades of successful customer engagement will help us to consolidate our presence in the Indian real estate market. We look forward to this association to jointly create home spaces that improve the liveability quotient for a large number of people in India,” said Noritake Miyaguchi, general manager, Overseas Real Estate Business Dept, Marubeni Corporation.

Kolte Patil has developed and constructed over 50 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of around 23 million sq ft in Pune, Mumbai and Bengaluru.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..