Kolte Patil Developers announced the acquisition of Pune based Sampada Realities Under this acquisition Kolte Patil has acquired residential development potential of ~25 Million Sqft at Kiwale in Pune The transaction entails the acquisition of ~ 85Percentage equity shares in Sampada Realities on an immediate basis with the balance ~15Percentage stake to be acquired in due course With this transaction Kolte Patil has committed an aggregate total investment of ~ Rs 120 crore to be paid over a period of time Sampada Realities comprises of only one residential real estate project on ~ 25 acres of land parcel at Kiwale in Pune to be developed in a phased manner The development represents a revenue opportunity of over ~ Rs 1400 crore for Kolte Patil
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