Kolte-Patil Expands with Dahisar & Versova Redevelopment Projects
Kolte-Patil Developers Ltd (KPDL), a leading Pune-based real estate company, has acquired two housing society redevelopment projects in Mumbai. Located in Dahisar and Versova, these projects collectively add approximately 3.5 lakh sq. ft. of saleable area with a combined revenue potential of about ₹700 crore.
Key facts
- Developer: Kolte-Patil Developers Ltd (KPDL)
- Projects: Two housing society redevelopment projects
- Locations: Dahisar (western suburb) & Versova (Andheri West), Mumbai
- Saleable Area: ~3.5 lakh sq ft
- Estimated Revenue Potential: ≈ ₹700 crore
- Project Type: Redevelopment (society-driven)
Why It Matters
These acquisitions strengthen Kolte-Patil’s presence in the highly competitive Mumbai Metropolitan Region (MMR). Redevelopment continues to be a major growth driver in Mumbai, unlocking new supply in prime localities where land parcels are scarce. With projects in Dahisar and Versova, KPDL is expanding its footprint while addressing the rising demand for modern, premium housing in the city.
Strategic Importance
By entering Dahisar in Mumbai’s western suburbs and Versova in the premium Andheri West micro-market, Kolte-Patil gains access to two very different but complementary segments of the Mumbai real estate market. Dahisar caters to the growing demand for upgraded housing in suburban societies, while Versova offers a luxury redevelopment play in one of Mumbai’s most desirable coastal neighborhoods.
Disclaimer
All project details are based on publicly available reports and company announcements. Revenue estimates, timelines, and configurations are subject to change, pending statutory approvals and final disclosures by the developer.
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Sources: Hindustan Times, Kolte-Patil Developers Official Website