BSECompany Update6 Aug 2026 · 6 Aug 2026, 08:00 am
Kolte-Patil Developers announces a landmark Mumbai expansion with the signing of six projects totalling Rs. 6000 crore in GDV, making a defining milestone in the Company''s growth journey
Kolte-Patil Developers Ltd · 532924
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Kolte-Patil Developers Ltd has announced the signing of six projects in Mumbai with a combined estimated GDV of Rs. 6,000 crore, marking a defining milestone in the company's growth journey.
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Kolte-Patil Developers Ltd - 532924 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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To, To,
The Assistant Manager, The General Manager,
National Stock Exchange of India Limited BSE Limited,
Listing Department, ‘Exchange Plaza’, Corporate Relationship Department,
Bandra Kurla Complex, 1st floor, Phiroze Jeejeebhoy Towers,
Bandra (East), Dalal Street,
Mumbai – 400051 Mumbai – 400001
Date: 06 August 2026
Subject: - Press Release - Kolte-Patil Developers announces a landmark Mumbai expansion
with the signing of six projects totalling ~Rs.6,000 crore in GDV, marking a defining
milestone in the Company's growth journey
ISIN: Equity: INE094I01018 and Debt: INE094I07049, INE094I07072, INE094I07080 and
INE094I07098
Ref: NSE Symbol and Series: KOLTEPATIL and EQ
BSE Code and Scrip Code - Equity: 9624 and 532924
BSE Security Code and Security Name – Debt: 1. 974771 and KPDLZC33
2.976030 and 0KPDL34
3. 977231 and KPDL161025
4. 977351 and 0KPDL35
Dear Sir/Madam,
Please find attached herewith Press Release on “Kolte-Patil Developers announces a landmark
Mumbai expansion with the signing of six projects totalling ~Rs. 6,000 crore in GDV, marking a
defining milestone in the Company’s growth journey.”
This is for your information and record.
Thanking you,
For Kolte-Patil Developers Limited
Vinod Patil
Company Secretary and Compliance Officer
Membership No. A13258
Encl: As above.
KOLTE-PATIL DEVELOPERS LTD.
CIN : L45200PN1991PLC129428
Pune Regd. Office: 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune - 411001, Maharashtra, India. Tel.: + 91 20 6742 9200 / 6742 9201
Bangalore Office: 121, The Estate Building, 10th floor, Dickenson Road, Bangalore 560042, India. Tel.: 080- 4662 4444 / 2224 3135/ 2224 2803
Web.: www.koltepatil.com Email id: info.kpdl@koltepatil.com
Kolte-Patil Developers announces a landmark Mumbai expansion with the
signing of six projects totalling ~Rs.6,000 crore in GDV, marking a defining
milestone in the Company's growth journey
This strategic win reinforces the Company's accelerated expansion in India's most valuable
real estate market
Pune, August 06, 2026: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a
leading Pune-based real estate player with a diversified presence in Mumbai and Bengaluru, today
announced the addition of six society redevelopment projects across prime locations in the Mumbai
Metropolitan Region (MMR), with a combined estimated GDV of Rs. 6,000 crore. This represents
the Company's largest annual business development addition in MMR to date, thus reaffirming
MMR as a priority market.
Strategically located across Santacruz West, Andheri West (Lokhandwala), Oshiwara, Versova,
Ghatkopar East and Vashi, the projects are situated in well-established residential micro-markets
that continue to witness growing demand driven by robust infrastructure, strong connectivity and
limited availability of developable land. These additions significantly expand Kolte-Patil's presence
across Mumbai's Western and Central suburbs and Navi Mumbai, while reinforcing its focus on
pursuing larger project opportunities across high-demand and high-value micro-markets. The
Company will continue to evaluate opportunities across various development models to drive its
growth objectives and will be guided by the characteristics, demand profile and value potential of
each micro-market. All six projects are being planned to be iconic developments and expected to
be launched over the next 6 to 12 months, subject to requisite approvals, thereby creating a strong
and visible pipeline for the Company's next phase of growth.
Project Snapshot:
Sr. No. Location GDV (Rs. Cr)
1. Santacruz West ~ 1,930
2. Andheri West (Lokhandwala) ~ 1,420
3. Oshiwara ~ 800
4. Versova ~ 750
5. Ghatkopar East ~ 600
6. Vashi ~ 500
Note: Based on current estimates
With over a decade of experience in MMR’s redevelopment segment, Kolte-Patil has built a strong
track record of transforming communities through a transparent, partnership-led and execution-
focused approach. The Company remains committed to partnering with housing societies to create
modern, sustainable developments that elevate the living experience and deliver enduring value to
all the stakeholders.
Commenting on the development, Mr. Rajesh Patil, Managing Director, Kolte-Patil Developers
Limited, said,
“We are entering a new phase of accelerated growth in MMR. With a combined estimated GDV of
approximately Rs. 6,000 crore, these six projects significantly strengthen our development pipeline
and reinforce our commitment to build a scaled, high-quality presence in the region.
Following our strategic partnership with Blackstone, our focus is on scaling the business through
larger project opportunities, and a calibrated mix of formats across residential segments, with a
sharper emphasis on value-accretive growth. We expect all six projects to be launched over the next
6 to 12 months, subject to requisite approvals.
This portfolio reflects the trust that housing societies have placed in Kolte-Patil's redevelopment
expertise. It also reinforces our capability to create landmark developments that deliver enduring
value to residents, homebuyers and all our stakeholders.”
About Kolte-Patil Developers Limited:
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate
company with a dominant presence in the Pune residential market and a diversified presence in Mumbai and
Bengaluru. In FY26, the Company entered into a strategic partnership with global investment firm Blackstone
with the latter acquiring a 40% stake in the Company following a two-phase transaction involving the
preferential allotment of equity shares and a secondary equity share acquisition from existing promoters.
Kolte-Patil is a trusted name with a reputation for high quality standards, design-uniqueness, corporate
governance, transparency, and timely delivery of projects. The Company has developed and constructed over
68 projects, including residential complexes, integrated townships, commercial complexes, and IT Parks
covering a saleable area of >33 million square feet across Pune, Mumbai and Bengaluru. The Indian Green
Building Council (IGBC) has certified several of the Company’s projects. KPDL markets its projects under two
brands: ’Kolte-Patil’ (addressing the mid-premium/premium segment) and ‘24K’ (addressing the premium
luxury segment).
Consolidating its leadership position in Pune, the Company forayed into the Mumbai Metropolitan Region
market in 2013, focusing on society redevelopment projects that have lower capital intensity. The Company
has signed twenty projects (six completed, four on-going, ten future projects) till date at prime locations across
the city.
KPDL has seamlessly navigated varied economic cycles enabled by one of the lowest debt levels in the sector.
The Company’s long-term bank debt has been rated ‘AA-/Stable’, short-term bank loan facilities as ‘A1+’ and
non-convertible debentures as ‘AA-/Stable’ by CRISIL.
The Company’s growth trajectory, internal processes and corporate governance practices have benefitted from
partnerships with marquee financial institutions like KKR, JP Morgan Asset Management, Portman Holdings,
ASK Capital, Motilal Oswal, ICICI Ventures, IL&FS, Planet Smart City and Marubeni Corporation.
Over the years, KPDL has received multiple awards and recognitions including The ET Real Estate Awards 2026
- Residential Project - Township (West: Ongoing) for Life Republic; Asia Pacific Property Awards – ‘25-’26 -
Residential High Rise Architecture India for 24K Manor; ET Real Estate Awards ’25 - Integrated Marketing
Campaign (360 Degree) for Canvas at Life Republic; Golden Bricks Awards Dubai 2025 - Marketing Campaign
of the Year for Qrious at Life Republic.
For more details on Kolte-Patil Developers Ltd., visit www.koltepatil.com.
For further information, please contact:
Dipti Rajput, CFA
VP – Investor Relations
Kolte-Patil Developers Ltd.
1802/B, One BKC, BKC, Bandra (E)
Mumbai – 400 051
Tel: +91 74004 81432
Email: dipt
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