Pune's real estate company Kolte-Patil has set its eye on Mumbai and Bangalore. Kolte-Patil is the first real estate company in Pune to announce a dividend policy, 15-25 per cent of its Profit After Tax (PAT). Explaining the rationale behind entering these new cities Sujay Kalele, Group CEO, Kolte Patil said that the company is highly deleveraged, has hardly any debts and is a cash surplus company, giving them an advantage of trying new markets.
Kolte-Patil Developers has announced plans to foray into the burgeoning real estate market in Mumbai. The real estate development is coming up with a redevelopment project in a prime location at Khar (West) on Linking Road with a total developable area of about 0.1 mn. sq. ft.
Kolte-Patil Developers (KPDL) is implementing a redevelopment project at Khar (West) in Mumbai. The Pune-based company would redevelop Link Palace Premises Co-operative Society Limited, which is spread over a 1,594-sq m plot with a total developable area of about 0.1 million sq ft
It is the largest land transaction to have ever taken place in Pune corporation - the acquisition of a 34-acre parcel in Wakad. At a whopping investment of Rs 350 crore, the settlement has certainly spiked the growth trajectory of Pune-based Kolte-Patil Developers
Kolte-Patil Developers has recently announced the closure of the acquisition of a 34 acre land parcel at Wakad, Pune for approximately Rs 350 crore. This land parcel is the largest contiguous land parcel within the city municipal limits and has a prime location on the Mumbai-Pune highway.
Cushman & Wakefield recently announced the appointment of PR Srinivas as the Director of Hospitality Services in India. With more than 20 years of experience, he will now spearhead the business growth strategy with a key focus on managing and augmenting the hospitality operations
With the new Government announcing its intent to build smart cities across India, the Sm@rt Cities Summit 2014 took off at Mumbais Hotel Four Seasons on August 22-23, 2014, featuring 50 speakers, over 300 delegates and eight high-powered sessions.
Real estate private equity firm Motilal Oswal Real Estate has invested Rs 350 crore in residential projects of ATS Infrastructure, Shriram Properties, Kolte-Patil Developers, Casa Grande and Pate Developers.