NEW DELHI: Kolte-Patil Developers plans to launch projects totalling Rs 9,000 crore over the next 14 months across Pune, Mumbai, and Bengaluru.
Project launches in Pune will account for approximately Rs 6,400 crore and will be in micro-markets like Kiwale, Pimple Nilakh, Baner, Kharadi, Hinjewadi, and NIBM Road.
Mumbai’s launch potential is projected to reach around Rs 2,500 crore by FY25. With 15 redevelopment projects in Mumbai (2 completed, 5 ongoing, and 8 planned), the company envisions sales distribution of 70% from the Pune market, with Mumbai and Bengaluru collectively contributing approximately 30% by FY25.
Company’s sales guidance targets over Rs 3,500 crore in FY25 and approximately Rs 4,500 crore in FY26.
In November 2022, the company announced a collaboration with Marubeni Corporation, Japan, securing an investment of Rs 206.5 crore for its residential project in the Pimple Nilakh micro-market, Pune. Subsequently, it entered into a second agreement with Marubeni Corporation in November 2023 for a project worth Rs 110.9 crore in the Kalina micro-market, Mumbai.
Rahul Talele, group CEO of the company said, “Demonstrating our prowess, our track record represents the development of over 26 million sq.ft, and our current projects span 33.5 million sq.ft with a strong Gross Development Value (GDV) potential of Rs 25,000 crore.”
The company recently secured two redevelopment projects in MMR region, with an anticipated top-line potential of approximately Rs 545 crore.
