Kolte-Patil Developers acquires 2.5-million-sq-ft residential project in Pune.

Kolte-Patil Developers has acquired a residential project with development potential of 2.5 million sq ft in Pune’s Kiwale locality through buyout of a company Sampada Realities.

The transaction entails the acquisition of around 85% equity shares in Sampada Realities on an immediate basis, while the balance 15% stake will be acquired in due course.

ET