Kolte-Patil Developers eyes 30% revenue from Mumbai market.

Betting big on the Mumbai's residential redevelopment market, Pune-based realty player Kolte-Patil Developers is expecting nearly 20-30 per cent of its revenues from this market in the next three years, a top company official said.

The company has already entered into agreements for three redevelopment projects in Mumbai's western suburbs that has total area of over six lakh sqft and is eyeing a few more in areas such as Dadar-Chembur belt, Worli, Mulund, Khar, Bandra and Santacruz.

'With a strong vision to expand in Mumbai, we are looking at the huge scope available in the redevelopment segment. This strategy has proved to be very effective, and we are confident that this will reap rewards across markets,' Group Chief Executive Sujay Kalele told PTI.

He said the company is also in advance stages of entering into an agreement for a fourth redevelopment project.

BS