Kolte-Patil Developers Ltd 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, 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. 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. The project has been thoughtfully designed, keeping new-age preferences in mind, to provide abundant open green-spaces.
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.
