Kolte-Patil Developers has signed agreements to redevelop two housing societies in the Bangur Nagar region of Mumbai. The projects add to the company s growth and diversification strategies, with recent acquisitions extending its presence in Mumbai. New developments comprise a total of 4.8 lakh sq ft, with a revenue potential of up to Rs 950 crore ($129m). Kolte-Patil previously executed a 2.77-lakh sq ft redevelopment project in Goregaon and has 14 projects in progress in Mumbai, including five ongoing developments and another seven in the pipeline.