Kolte-Patil Developers Expands its Presence in Mumbai, Acquires Two Lucrative Society Redevelopment Projects
Revolutionising Mumbai's skyline, Kolte-Patil Developers embraces progress by acquiring two vibrant society redevelopment projects.
Kolte-Patil Developers (KPDL), a trusted name in the real estate industry, has again made a prominent mark by securing two society redevelopment projects in the neighbourhood of Bangur Nagar, Goregaon West, Mumbai. The projects boast a total saleable area of approximately 4.8 lakh sq. ft., presenting a golden opportunity for the company with a potential revenue of Rs. 950 crore.
Delighted with this successful move, Rahul Talele, the Group CEO of KPDL, expressed his excitement, saying, "Society redevelopment projects are a treasure trove for established players like Kolte-Patil, and our decade-long presence in MMR has put us in the perfect position to capitalise on this momentum."
Earlier this year, in April and May 2023, KPDL announced the acquisition of four other projects (two in Pune and two more in Mumbai), which boast an impressive total development potential of around 2.6 million sq. ft. and a topline potential of Rs. 2,500 crore.
The new additions in MMR have further solidified the company's portfolio, with their business development deals reaching an aggregated topline potential of approximately Rs. 3,450 crores.
This strategic expansion marks a milestone for KPDL as they strengthen their presence in the dynamic Mumbai real estate market. The society redevelopment projects come with immense potential, offering financial gains for the company and an opportunity to contribute to the city's urban development.
KPDL's reputation as a reliable and forward-thinking developer has earned the trust of investors and homebuyers. With a successful project track record, the company continues to set new real estate benchmarks.
