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Kolte-Patil Developers Limited - Operational Update for Q3 & 9M FY23

Kolte-Patil Developers announces the second phase of strategic land monetization for Sector R10 of Life Republic for INR 81 crore

Kolte-Patil Developers announces the second phase of strategic land monetization for Sector R10 of Life Republic for INR 81 crore Posted On: 2020-12-21 20:21:37 (Time Zone: Arizona, USA) Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune based real estate developer, announced today that the Company through its subsidiary Kolte-Patil I-Ven Townships (Pune) Limited (KPIT) has entered into an agreement with Planet Smart City, a UK based proptech company, for the second and final leg of strategic land monetization at Sector R10 in KPDL s Pune-based township project Life Republic for INR 81.29 crore. This portion of land measuring ~4.92 acres in Sector R10 has a residential development potential of 6.8 lakh sq. ft. in terms of saleable area.

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