Kolte-Patil Developers strengthens Mumbai presence with two new projects
02/18/2014

The two new projects come close on the heels of the company announcing its first redevelopment project on Khar-Linking Road in August 2013.

Online PR News – 18-February-2014 – Mumbai, February 18, 2014 – Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL), a leading Pune based real estate developer, has expanded its presence in Mumbai by signing two new redevelopment projects in Western Suburbs. The two new projects come close on the heels of the company announcing its first redevelopment project on Khar-Linking Road in August 2013.

Jay Vijay CHS is the first project located at Ville Parle East, having a total plot size of 8,979 square meters with the total area of approximately 3.4 lakh square feet. The second project, Jumbo Darshan, is located in Andheri East, with a total plot size of 7,077 square meters and a total area of the approximately 2.6 lakh square feet.

Commenting on this key development, Mr. Sujay Kalele, CEO, Kolte-Patil Developers Ltd. said, “We are overwhelmed on bagging these two projects in Mumbai, which helps the company to broaden its horizon further. We’ll continue to further concentrate in Mumbai through redevelopment and we are eyeing many more such projects.”