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Home > Forum > Mumbai > Real estate News > Kolte-Patil, JP Morgan-backed Metropolitan Lifespace in deal to redevelop Mumbai housing project

Kolte-Patil, JP Morgan-backed Metropolitan Lifespace in deal to redevelop Mumbai housing project

Q: Kolte-Patil Developers Ltd entered into an agreement with Metropolitan Lifespace Real Estate Developers Pvt. Ltd to jointly redevelop a housing project in Mumbai's suburbs.

kolte patil developers ltd
jp morgan
metropolitan lifespace real estate developers
mumbai housing project
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Replies (2)
1
Do you know Akhilesh? Metropolitan Lifespace is promoted by IPFII Singapore 5 Pte. Ltd, an offshore entity managed and advised by JP Morgan Asset Management-Global Real Assets.
V. Victor


It is true. I read somewhere. It is expected that the total cost of construction of the redevelopment project stands at around Rs.270 crore. The rest of the amount will be carried by Kolte-Patil.
akhilesh pal,  
14th December 2015


They did.t disclose the details of the project but it is come to know that the redevelopment project will be spread across 2.25 acres. It is expected to be delivered over the next 30-36 months. All the necessary approvals are in place, and construction is expected to start shortly.
V. Victor,  
14th December 2015


2
Yes, as per the agreement, Metropolitan Lifespace will invest Rs 120 crore into the redevelopment project titled Jay-Vijay Society at Mumbai's Ville Parle area.
akhilesh pal


3

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