Pune, September 10: Kolte-Patil Developers Limited(KPDL), a leading real estate developer in Pune and Mumbai, has witnessed its strongest-ever project launch, with over 600 bookings witnessed in less than 3 days. The company’s new project in Vadgaon, spread over 20 acres with riverside and hillside views, has been the best KPDL has witnessed so far, with robust demand for high-quality residential properties in the city.
The total sales value has exceeded ₹600 crores for the first phase of its ‘Vyana at The Reserve’ project, that offers scenic views of the NDA hills, large open spaces and thoughtfolly designed residences. The project comes with a total saleable area of about 5 million sq ft with a Gross Development Value (GDV) of ₹4,000 crore, offering significant revenue growth for the company.
With this, Kolte Patil aims to strengthen its project pipeline in the Mumbai Metropolitan Region (MMR) as well, with six projects totalling ₹6,000 crore in GDV.
“‘Vyana at The Reserve’ is a defining milestone for Kolte-Patil Developers and a powerful validation of our brand strength, product strategy and deep understanding of evolving homebuyer aspirations. Delivering our strongest-ever launch performance with this level of absorption reflects not only the scale of demand in Pune, but also our ability to enter emerging submarkets with conviction, apply our execution expertise, and deliver distinctive performance at scale.
This response reinforces our conviction in building a larger, more ambitious platform across our core markets. With a robust pipeline, disciplined growth strategy and a demonstrated ability to create depth in new micro-markets, we are well positioned to accelerate our expansion, strengthen our leadership position and create enduring value for our customers and stakeholders.” Mr. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers Limited, said in a press release.
