Kolte-Patil Developers: Rs 545 Crore Mumbai Redevelopment Projects
Jan 23, 2024 16:56
Kolte-Patil Developers secures two Mumbai society redevelopment projects, expecting Rs 545 crore revenue. The projects, located in Dahisar and Versova, add to the company's growing portfolio in the MMR.
New Delhi, Jan 23 (PTI) Realty firm Kolte-Patil Developers Ltd will redevelop two societies in Mumbai and is expecting revenues of Rs 545 crore from these two projects.
In a regulatory filing, Pune-based Kolte-Patil Developers said it has "signed two new society re-development projects in the western suburbs of Mumbai with total saleable area of 3.06 lakh square feet translating into top-line potential of Rs 545 crore."
The two acquired projects are located at Dahisar and Versova. With these additions, the company has of a total of fifteen projects in the Mumbai Metropolitan Region (MMR).
So far in this fiscal, the company has acquired eight projects, comprising two in Pune and six in MMR, with a combined total development potential of 3.3 million square feet and a topline potential of around Rs 4,000 crore.
Kolte-Patil has developed and constructed over 58 projects, including residential complexes, integrated townships, commercial complexes and IT Parks, covering a saleable area of more than 26 million square feet across Pune, Mumbai and Bengaluru.
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