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Kolte-Patil Developers Limited, a Pune-based real estate player, has revealed an ambitious plan to launch projects amounting to INR 9,000 crore over the next 14 months. This initiative aims to reinforce the company's foothold in key markets such as Pune, Mumbai, and Bengaluru, enhancing its market share and capitalising on high-potential micro-markets. With a focus on Pune, the upcoming project launches in this city alone account for approximately INR 6,400 crore, underlining the high growth and demand in the region.
The residential market in Pune continues to flourish, supported by ongoing infrastructure improvements and heightened economic activities. Pune's growth is attributed to urban infrastructure, a high-quality life index, reasonable living costs, and a rising per capita income fueled by employment opportunities across various sectors. To capitalise on these opportunities, Kolte-Patil strategically positions its forthcoming projects in micro-markets such as Kiwale, Pimple Nilakh, Baner, Kharadi, Hinjewadi, and NIBM Road in Pune. These micro-markets have gained popularity as preferred residential destinations due to their proximity to industrial zones, excellent connectivity, and well-established social infrastructure.
In addition to Pune, the company eyes significant potential in Mumbai, with a projected launch potential of around INR 2,500 crore by FY25. Kolte-Patil Developers envisions a sales distribution of 70% from the Pune market, while Mumbai and Bengaluru are expected to collectively contribute approximately 30% by FY25, aligning with the company's diversification goals.
The company has set ambitious sales guidance, targeting over INR 3,500 crore in FY25 and approximately INR 4,500 crore in FY26. These projections are supported by strategic collaborations, such as the partnership with Marubeni Corporation, Japan, which secured an investment of INR 206.5 crore for a residential project in the Pimple Nilakh micro-market, Pune. Another agreement with Marubeni Corporation for a project worth INR 110.9 crore in the Kalina micro-market, Mumbai, further underscores Kolte-Patil Developers' commitment to strategic growth and financial prudence.
The success of flagship projects, such as Life Republic in Pune, demonstrates the company's focus on quality and adaptability to market demands. With a track record of developing over 26 million sq. ft and current projects spanning 33.5 million sq. ft, Kolte-Patil aims for a strong Gross Development Value (GDV) potential of approximately INR 25,000 crore.
Benefiting from strategic investments in technology, Kolte-Patil ensures fast construction, data-driven decision-making, and an integrated omni-channel experience. The company is positioned to achieve its diversification objectives through meticulous planning, including new launches and projects across key markets of Pune, Mumbai, and Bengaluru. Kolte-Patil Developers aims to solidify its distinguished position in these key geographies, setting new benchmarks and reinforcing its status as an industry leader.
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