Kolte-Patil Builders Restricted introduced right now it has signed a joint improvement settlement for a 22-acre residential and mixed-use undertaking in Wadgaon Khurd, Pune, with an anticipated Gross Developable Worth of ₹4,000 crore.
The shares of Kolte-Patil Builders Restricted have been buying and selling at ₹301 down by ₹5.55 or 1.81 per cent on the NSE nearing the closing bell.
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The undertaking, positioned inside Pune Municipal Company limits, can have a complete potential saleable space of roughly 5 million sq. toes. The location is located in South-West Pune and provides views of the Mutha River to the north and is bordered by a backyard reservation to the south.
Joint Managing Director Yash Patil stated the corporate goals to increase its footprint throughout key micro-markets by way of strategic partnerships and capital-efficient buildings. Group CEO Atul Bohra emphasised the event’s strategic location and its proximity to important social infrastructure.
The land parcel options connectivity to CBD Pune and the West-Pune zone, with faculties, hospitals, buying malls, and leisure amenities inside a 2-kilometer radius. The undertaking will profit from a 90-meter proposed ring street alongside park reservations to the west.
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Kolte-Patil, established in 1991, has developed over 64 initiatives protecting greater than 28 million sq. toes throughout Pune, Mumbai, and Bengaluru. The corporate markets its initiatives beneath two manufacturers: ‘KoltePatil’ for mid-income segments and ‘24K’ for premium luxurious segments.
