Kolte-Patil Developers (KPDL) through its subsidiary Kolte-Patil I-Ven Townships (Pune) (KPIT) has entered into an agreement with Planet Smart City., a UK based real estate developer, for strategic land monetization of a portion of Sector R10 in KPDL’s township project Life Republic in Pune for Rs 91 crore. This portion of land measuring around 5.42 acres in Sector R10 has a residential development potential of 7.6 lakh sq. ft. in terms of saleable area. Further, under the agreement, this land parcel in Sector R10 will be jointly developed by KPIT & Planet in the profit sharing model.
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.
