Kolte-Patil Developers Receive Bookings Over Rs 205 Crore

Pune-based Kolte-Patil Developers have received bookings worth Rs 205 crore for a total of 500 apartments at its integrated township project in Pune’s Hinjewadi locality, the company said in a regulatory filing.

The project, Life Republic spread over 390 acres, achieved sales of 0.9 million sq. ft
in 2018-19 (April-March). This project is expected to continue to drive Kolte-Patil’s revenue, profits and cash flows over next 15 years.

At present, around 4.2 million sq. ft has already been delivered in the project that has total saleable area of nearly 20 million sq. ft,
based on floor space index (FSI) of 1.0. However, the total FSI potential of the project is 1.7 based on the integrated township norms, the company said.