Realty firm Kolte-Patil Developers Ltd has acquired 7.5 acre of land in Pune to build a housing project worth about Rs 1,400 crore.
In a regulatory filing on Friday, the company said it has acquired a 7.5-acre land parcel in Bhugaon, Pune.
The upcoming project will have an estimated saleable area of around 1.9 million square feet and a gross development value (GDV) of about Rs 1,400 crore, it added.
The Pune-based company did not disclose the name of the seller of this land parcel and the acquisition cost.
Kolte-Patil has developed and constructed over 68 projects, including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of more than 30 million square feet across Pune, Mumbai and Bengaluru.
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