“Kolte-Patil acquires two society redevelopment
projects in Mumbai Metropolitan Region with estimated saleable area of 4.8 lakh sq. ft. and topline
potential of Rs. 950 crore. These projects located in Goregaon will further strengthen the
Company’s presence in MMR.”
In April-May 2023, the Company announced acquisition of four projects, two in Pune and two in
Mumbai, with the total development potential of ~2.6 million sq. ft. and topline potential of Rs.
2,500 crore. With the two new additions in MMR, the new business development deals now aggregate
a topline potential of ~Rs 3,450 crore. The company is continuously assessing multiple business
development and expansion prospects in its targeted markets through innovative, capital-efficient
deals.
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