Kolte-Patil Developers completes acquisition of land in Pune for Rs. 350 crore
Pune-based real estate developer has completed the acquisition of a 34 acre land parcel at Wakad, Pune for approximately Rs. 350 crore. The plot is in close proximity to the Rajiv Gandhi Hinjewadi IT Park and has a total saleable area of 2.3 million square feet.
Sujay Kalele, CEO, Kolte-Patil Developers Ltd. said on the acquisition “We are excited to announce the closure of this land acquisition, which adds significantly to our non-township developable land bank and diversifies our development risks. This is the largest reported land deal within the city limits in Pune and was funded largely through internal accruals,”
Tags:
34 acre, Kolte-Patil, Kolte-Patil Developers Ltd., Pune, Rajiv Gandhi Hinjewadi IT Park, Sujay Kalele, Wakad
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