Kolte-Patil forays in Mumbai

Kolte-Patil Developers Ltd. has announced plans to foray into the burgeoning real estate market in Mumbai with a redevelopment project at Khar (West) on Linking Road. The project Link Palace Premises Co-operative Society Ltd. is on a plot of 1,594 sq. metres with a total developable area is about 0.1 million sq. feet.Sujay Kalele, Group CEO, Kolte-Patil Developers Ltd., said, “With a strong vision to expand in Mumbai, we at KPDL have strategically commenced operations with this redevelopment project. With improved regulatory framework to enhance transparency levels and increase in consumer confidence and demand, this strategy has proved to be very effective, and we are confident that this will reap rewards across markets. We plan to select projects based on the evident sale velocity and will continue along the redevelopment growth trajectory with similar and larger-scale projects over the next year.”

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