Kolte-Patil unveils Rs 90 billion projects by FY25

16 Feb 2024 CW Team

Kolte-Patil Developers has revealed their intention to introduce projects amounting to approximately Rs 90 billion over the next 14 months in Pune, Mumbai, and Bengaluru. The company has notably expanded its presence in key operational areas, with a significant emphasis on Pune. The projected value of upcoming project launches in Pune alone is estimated to be around Rs 64 billion. KPDL's upcoming projects are strategically located in micro-markets such as Kiwale, Pimple Nilakh, Baner, Kharadi, Hinjewadi, and NIBM Road in Pune. These micro-markets have gained popularity as favored residential destinations due to their proximity to industrial zones, excellent connectivity, and well-established social infrastructure.

The potential launch value in Mumbai is expected to be approximately Rs 25 billion by FY25. The company envisions a sales distribution of 70% from the Pune market, with Mumbai and Bengaluru collectively contributing around 30% by FY25, aligning with Kolte-Patil?s diversification goal. The sales guidance sets targets at over Rs 35 billion in FY25 and approximately Rs 45 billion in FY26.

In November 2022, Kolte-Patil Developers announced a partnership with Marubeni Corporation, Japan, securing an investment of Rs 2.06 billion for KPDL?s residential project in the Pimple Nilakh micro-market, Pune. Subsequently, in November 2023, Kolte-Patil entered into a second agreement with Marubeni Corporation for a project worth Rs 1.10 billion in the Kalina micro-market, Mumbai.

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