Kolte-Patil unveils Rs 90 billion projects by FY25
Real Estate

Kolte-Patil unveils Rs 90 billion projects by FY25

Kolte-Patil Developers has revealed their intention to introduce projects amounting to approximately Rs 90 billion over the next 14 months in Pune, Mumbai, and Bengaluru. The company has notably expanded its presence in key operational areas, with a significant emphasis on Pune. The projected value of upcoming project launches in Pune alone is estimated to be around Rs 64 billion. KPDL's upcoming projects are strategically located in micro-markets such as Kiwale, Pimple Nilakh, Baner, Kharadi, Hinjewadi, and NIBM Road in Pune. These micro-markets have gained popularity as favored residential destinations due to their proximity to industrial zones, excellent connectivity, and well-established social infrastructure.

The potential launch value in Mumbai is expected to be approximately Rs 25 billion by FY25. The company envisions a sales distribution of 70% from the Pune market, with Mumbai and Bengaluru collectively contributing around 30% by FY25, aligning with Kolte-Patil?s diversification goal. The sales guidance sets targets at over Rs 35 billion in FY25 and approximately Rs 45 billion in FY26.

In November 2022, Kolte-Patil Developers announced a partnership with Marubeni Corporation, Japan, securing an investment of Rs 2.06 billion for KPDL?s residential project in the Pimple Nilakh micro-market, Pune. Subsequently, in November 2023, Kolte-Patil entered into a second agreement with Marubeni Corporation for a project worth Rs 1.10 billion in the Kalina micro-market, Mumbai.

Kolte-Patil Developers has revealed their intention to introduce projects amounting to approximately Rs 90 billion over the next 14 months in Pune, Mumbai, and Bengaluru. The company has notably expanded its presence in key operational areas, with a significant emphasis on Pune. The projected value of upcoming project launches in Pune alone is estimated to be around Rs 64 billion. KPDL's upcoming projects are strategically located in micro-markets such as Kiwale, Pimple Nilakh, Baner, Kharadi, Hinjewadi, and NIBM Road in Pune. These micro-markets have gained popularity as favored residential destinations due to their proximity to industrial zones, excellent connectivity, and well-established social infrastructure. The potential launch value in Mumbai is expected to be approximately Rs 25 billion by FY25. The company envisions a sales distribution of 70% from the Pune market, with Mumbai and Bengaluru collectively contributing around 30% by FY25, aligning with Kolte-Patil?s diversification goal. The sales guidance sets targets at over Rs 35 billion in FY25 and approximately Rs 45 billion in FY26. In November 2022, Kolte-Patil Developers announced a partnership with Marubeni Corporation, Japan, securing an investment of Rs 2.06 billion for KPDL?s residential project in the Pimple Nilakh micro-market, Pune. Subsequently, in November 2023, Kolte-Patil entered into a second agreement with Marubeni Corporation for a project worth Rs 1.10 billion in the Kalina micro-market, Mumbai.

Next Story
Resources

Workplace Solutions Company IndiQube, Surpasses 100 Properties Milestone

Workplace solutions company, IndiQube has surpassed the 100 properties milestone. The company that started nine years ago with a single property in Bengaluru has now expanded across 14 cities and caters to 700+ clients. Today, the company has a portfolio of over 7.2 million square feet with presence across major tier I cities including Bengaluru, Pune, Chennai, Hyderabad, Mumbai, Gurgaon and Noida. Also, post pandemic the company has made its foray into tier II cities including Coimbatore, Jaipur, Madurai, Kochi, Vijayawada, Calicut and Mohali. In Bengaluru, IndiQube has 59 properties cove..

Next Story
Infrastructure Transport

Ashoka Buildcon turns lowest bidder for Rs 27.91 billion NHAI projects

Ashoka Buildcon Ltd announced on November 18, 2024, that it has emerged as the lowest bidder (L-1) for two National Highways Authority of India (NHAI) projects in West Bengal, with a combined value of Rs 27.91 billion. These Engineering, Procurement, and Construction (EPC) projects will be executed under the Hybrid Annuity Model (HAM). The first project involves developing a four-lane economic corridor between Bowaichandi and Guskara-Katwa Road (Km 89.814 to Km 133) of NH 116A (Package-3). This project is valued at Rs 13.91 billion, excluding GST, and is expected to be completed within 910 d..

Next Story
Infrastructure Energy

Tata Power, Jakson, Ashoka Buildcon lead solar EPC market in 1H 2024

Tata Power Solar, Jakson Green, and Ashoka Buildcon have emerged as the top utility-scale solar engineering, procurement, and construction (EPC) providers in India during the first half (1H) of 2024, according to Mercom India’s Solar Market Leaderboard for 1H 2024. Gensol Engineering and InSolare Energy also secured spots in the top five. Tata Power Solar led the market with a 32.7% share, followed closely by Jakson Green at 32.1%, while Ashoka Buildcon claimed the third spot with 6.5%. Gensol Engineering and InSolare Energy accounted for 6.2% and 5.1% of the market, respectively. Together..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000