Kolte Patil Developers is planning to invest Rs 3000 to 3500 crore in 13 new projects in Pune.

Lewin G,

23rd January 2015

Real estate News in Pune

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realty market

new projects in pune

kolte patil developers

sujay kalele

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You are right Diwakar,
In 2014, the Maharahstra government had given in principle approval for addition of 34 border villages into the municipality limits. Pune in recent times has seen a excexx of projects being launched by developers.

Ravindra Singh,

23rd January 2015

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There might be two reason for the increasing demand of residential properties in Pune. one of the reason has been the increasing demand of houses among the young IT professionals that the city has seen, but the other big reason has been the addition of several smaller villages into the Pune Municipality limits.

Diwakar Shetty,

23rd January 2015

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To sell those properties in this competitive market, company has organised Nest Fest home expo, a first-of-its-kind mega property expo between February 6-8. The expo is showcasing 6000 plus residential units from over 13 projects in Pune.

Ravindra Singh,

23rd January 2015

Comment

Well Ravindra,
Company CEO, Kalele said that the company has a total land bank of 50 million sq-ft in and around Pune. The prices range for the 13 projects that the company sheme to launch will be from Rs 4500 to Rs 15000/ sq-ft, while delivery will take place over the next 2-3 yrs.

Diwakar Shetty,

23rd January 2015

Comment

And it is also heard that with these 13 projects the company will create a supply of over 6000 homes between FY15- FY17. They have already delivered 8000 apartments and invested Rs 2000 crore in the last 3 yrs. In the next 3 yrs, their plan is to double the part of investment. They will also combine their presence in Pune, Mumbai, Goa and Bangalore before moving to other cities

Ravindra Singh,

23rd January 2015

Comment

Pune-based real estate player Kolte Patil Developers is planning to invest over Rs 3000-3500 cr in 13 new projects. It will It develop over 6-8 million sq-ft area in the next 3 years. Around 80% of the funds will be raised through internal accruals while rest through construction finance and equity.

Diwakar Shetty,

23rd January 2015

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