Kolte Patil Developers announced that the company through its subsidiary Kolte-Patil I-Ven Townships (Pune) has entered into an agreement with Planet Smart City., a UK based real estate developer, for strategic land monetization of a portion of Sector R10 in KPDL's township project Life Republic in Pune for Rs 91 crore. This portion of land measuring ~5.42 acres in Sector R10 has a residential development potential of 7.6 lakh sq. ft. in terms of saleable area.
Further, under the agreement, this land parcel in Sector R10 will be jointly developed by KPIT & Planet in the profit sharing model.
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