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Kolte Patil Developers creates residential development platform with Planet Smart City
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KPDL creates platform with Planet Smart City to develop 15,000 housing units
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The Universe has everything you need ANI | Updated: Mar 04, 2021 14:08 IST
Pune (Maharashtra) [India], March 4 (ANI/Mediawire): Pune is a city that is growing at a metronomic pace and the populace that once used to leave the city in search of opportunities elsewhere are now staying put.
Primarily because Pune has transformed itself into a land of opportunity. Multi-national companies, IT majors and reputed automobile manufacturers have now set up shop in Pune, improving employment opportunities and making tremendous strides in the value of the real estate in and around the city.
Thankfully, such progress has not come at the cost of peace and quiet. Pune continues to be a marked departure from the major metropolitan cities by retaining that sense of solitude and calmness. Located in a lush, green locale that is connected to nature s roots, homes in Pune enjoy the best of both worlds; easy access to the benefits of modern amenities and lifes
The Universe has everything you need
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Kolte Patil Developers announced that the Company through its subsidiary
Kolte-Patil I-Ven Townships (Pune) (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 Rs 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.
This agreement follows the initial transaction of Rs 91 crore between the two companies announced in April this year, for monetization of ~5.42 acres in Sector R10 with residential development potential of