Kolte-Patil Developers has exited its Sanjivani project located at Urse, Pune for a consideration of Rs 50 crore, being refund of its initial capital contribution. The divestment decision was taken after re-evaluating the operating environment, product fitment and overall feasibility of the project, and is in line with the company’s asset-light philosophy.
The move will free up capital to pursue key growth initiatives, including acceleration of operations in current projects and exploring new opportunities.
Kolte Patil Developers is a leading real estate company. The company has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of approximately 15 million square feet across Pune and Bengaluru.
