Kolte Patil announces addition of new residential projects in Pune worth Rs 1,300 crore

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genericon-search"></span> <span class="genericon genericon-close"></span> </span>  <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script> <script> (adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-1522650439900963", enable_page_level_ads: true }); </script>    <script async src="https://www.googletagmanager.com/gtag/js?id=UA-155145119-1"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-155145119-1'); </script>  </header> <div id="content" class="site-content container clear"> <div id="primary" class="content-area"> <main id="main" class="site-main" > <article id="post-8410" class="post-8410 post type-post status-publish format-standard has-post-thumbnail hentry category-news tag-kolte-patil tag-kolte-patil-developers-ltd tag-middle-income-group tag-nibm tag-pune tag-rahul-talele tag-residential-project tag-residential-projects tag-wagholi"> <header class="entry-header"> <h1 class="entry-title">Kolte Patil announces addition of new residential projects in Pune worth Rs 1,300 crore</h1> <div class="entry-meta clear"> <span class="entry-author"><a href="" title="Posts by " rel="author"></a>  </span> <span class="entry-date">May 17, 2023</span> <span class="entry-category"> in <a href="https://constructionbusinesstoday.com/category/news/" title="View all posts in News" >News</a> </span> <span class='sep'>•</span> <span class='entry-comment'><a href="https://constructionbusinesstoday.com/news/kolte-patil-announces-addition-of-new-residential-projects-in-pune-worth-rs-1300-crore/#respond" class="comments-link" >add comment</a></span> </div> </header> <div class="entry-content"> <img width="730" height="438" src="https://constructionbusinesstoday.com/wp-content/uploads/2023/05/kOLTE-nibm-730x438.jpg" class="attachment-single_thumb size-single_thumb wp-post-image" alt="Kolte Patil announces addition of new residential projects in Pune worth Rs 1,300 crore" decoding="async" fetchpriority="high" /> <p><span style="font-weight: 400;">The realty firm Kolte-Patil Developers Ltd announced that it has signed two residential projects in Pune with a total estimated revenue potential of Rs 1,300 crore. The company informed that the new projects have a total estimated saleable area of 1.9 million sq ft. One of the areas is Wagholi where Kolte Patil has acquired approximately five acre land having estimated developable potential of nearly 7.5 lakh sq ft and revenue potential of Rs 400 crore. </span></p> <p><span style="font-weight: 400;">For the second project, the company has entered into a joint venture at National Institute of Bank Management, (NIBM) Road in which the estimated developable potential is of approximately 11.5 lakh sq ft and revenue potential is of Rs 900 crore. In the Wagholi area, the company aims to develop a middle-income group residential project. </span><span style="font-weight: 400;">On the other hand, the NIBM Road project which is said to be a popular location across customer segments.</span></p> <p><span style="font-weight: 400;">“</span><span style="font-weight: 400;">In a significant development, we signed two new projects at attractive locations that allow deeper penetration in the high potential micro markets of Pune. We look forward to consolidating our leadership position in Pune and see this translate into sustained value for all our stakeholders,” says</span><b> Kolte-Patil Developers Group CEO Rahul Talele.</b></p> </div> <span class="entry-tags"> <span class="tag-links"> <a href="https://constructionbusinesstoday.com/tag/kolte-patil/" rel="tag">Kolte Patil</a> <a href="https://constructionbusinesstoday.com/tag/kolte-patil-developers-ltd/" rel="tag">Kolte-Patil Developers Ltd</a> <a href="https://constructionbusinesstoday.com/tag/middle-income-group/" rel="tag">middle-income group</a> <a href="https://constructionbusinesstoday.com/tag/nibm/" rel="tag">NIBM</a> <a href="https://constructionbusinesstoday.com/tag/pune/" rel="tag">Pune</a> <a href="https://constructionbusinesstoday.com/tag/rahul-talele/" rel="tag">Rahul Talele</a> <a href="https://constructionbusinesstoday.com/tag/residential-project/" rel="tag">residential project</a> <a href="https://constructionbusinesstoday.com/tag/residential-projects/" rel="tag">Residential Projects</a> <a href="https://constructionbusinesstoday.com/tag/wagholi/" rel="tag">Wagholi</a></span> </span> </article> </main> </div> <aside id="secondary" class="widget-area sidebar"> <div class="widget const-widget"><h2 class="widget-title"><span>Advertisement</span></h2><a href="https://www.hondaindiapower.com" target="_blank" aria-label="Honda Power Tools"><img src="https://constructionbusinesstoday.com/wp-content/uploads/2023/09/HondaPowerTools.jpeg" alt="Honda Power Tools" width="300" height="300" /></a></div><div id="block-7" class="widget widget_block"> <div style="padding:20px" class="wp-block-tnp-minimal"><p>Subscribe to our newsletter!</p><div><div class="tnp tnp-subscription-minimal "><form action="https://constructionbusinesstoday.com/wp-admin/admin-ajax.php?action=tnp&na=s" method="post" style="text-align: center"><input type="hidden" name="nr" value="minimal"> <input 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