Kolte-Patil Developers, a prominent real estate company in India, has recently signed a joint development agreement for a mixed-use project in Wadgaon Khurd, Pune. This new project, covering approximately 22 acres of land within Pune Municipal Corporation limits, is set to offer a total potential saleable area of around five million square feet.
One of the key features of this project is its prime location, providing unobstructed views of the Mutha River to the north and a garden reservation to the south. The estimated Gross Developable Value (GDV) of the project is Rs 40,000 million ($456 million), making it a significant investment in Pune’s real estate market.
The development is strategically located in the south-west part of Pune, offering improved connectivity to the city’s central business district and the West-Pune zone. It is also within close proximity to essential amenities such as schools, hospitals, shopping centers, and entertainment hubs, making it a highly sought-after location for residents and businesses alike.
Yash Patil, Joint Managing Director of Kolte-Patil Developers, highlighted the company’s commitment to shaping Pune’s urban future through high-quality developments. With a strong track record of success and expertise in the local market, Kolte-Patil aims to capitalize on Pune’s future growth and cater to the evolving aspirations of its residents.
With over 64 projects completed across residential, commercial, and IT sectors, totaling nearly 28 million square feet of saleable area in Pune, Mumbai, and Bengaluru, Kolte-Patil Developers has established itself as a reliable and innovative player in the real estate industry. This new joint development project is set to further enhance the company’s reputation and contribute to Pune’s evolving real estate landscape.
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