Redevelopment Renaissance: Kolte-Patil Developers Spearheading Change with 2 MMR Projects!
Kolte-Patil Developers Limited (KPDL) has acquired two society redevelopment projects in Mumbai Metropolitan Region (MMR). The projects are located in Goregaon and Vikhroli. The Goregaon project has a total saleable area of 4.8 lakh square feet and the Vikhroli project has a total saleable area of 3.2 lakh square feet. The total investment for the two projects is estimated to be around Rs. 950 crore.
The Goregaon project is a redevelopment of a 20-storey building with 180 flats. The project will be developed into a 40-storey building with 400 flats. The Vikhroli project is a redevelopment of a 15-storey building with 120 flats. The project will be developed into a 30-storey building with 300 flats.
KPDL is a leading real estate developer in India. The company has a strong track record of developing and delivering quality projects. The acquisition of these two society redevelopment projects is a significant step for KPDL and it reflects the company’s commitment to the MMR region.
The two projects are expected to be completed in 4-5 years. Once completed, the projects will provide much-needed housing to the residents of Mumbai. The projects will also generate significant employment opportunities during the construction phase.
The acquisition of these two society redevelopment projects is a positive development for the real estate sector in Mumbai. It shows that there is still demand for quality housing in the city. It also shows that developers are willing to invest in the MMR region, despite the challenges faced by the sector.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
