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Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL), a leading Pune-based real estate player, with growing presence in Mumbai and Bengaluru, has launched two redevelopment projects in Mumbai, further strengthening its residential portfolio in the city. The two new launches - K52 in Khar and Alora in Kalina, Santacruz, are touted to have a revenue potential of ~INR 110 crore and ~INR 300 crore respectively.

K52 in Khar is a luxurious bespoke residential tower with 20, 2BHK residences. The project includes four podium level floors in addition to 12 habitable floor spaces, spread across 1,252 square meters. It is located right opposite Khar Gymkhana, close to Carter Road and Pali Hill, offering unmatched connectivity to high street retail, hospitals and educational institutions. The carpet area of each residence is approximately 844 sq.ft, with a ticket size of ~INR 6 crore+.

Alora in Kalina, Santacruz, is a gated community spread across 1.34 acres, consisting of five 11-storey towers offering a mix of 2BHK to 3BHK configurations with price point ranging from ~INR 2.8 crore to ~INR 4.5 crore. Its proximity to the international and domestic airports, as well as its accessibility to the metro station, railway station, western express highway, hospitals, and educational institutions makes it a prime residential location. The project has been thoughtfully designed, keeping new-age preferences in mind, to provide abundant open green-spaces.

Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited, said, "KPDL is committed to diversifying its offerings and expanding its presence in Mumbai. Being cognizant of city’s evolving demand for holistic real estate; comfort, quality, sustainability and providing world-class amenities, have become our key focus areas while developing such residential projects. It’s these modern home-buying trends that shaped our approach when we started working on the blueprints of K52 and Alora. With these two new launches, we look forward to reshaping Mumbai's skyline that will set a benchmark for bespoke residences with smarter amenities."

KPDL is focused on increasing its share from the Mumbai market, which contributed 19% to its total sales of INR 1,528 crore in the first nine months of FY23.

In addition to K52 and Alora, the company is actively expanding its presence in Mumbai with three other ongoing projects in prime locations - Goregaon, Borivali, and Dahisar.

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