Pune-based real estate player Kolte-Patil Developers Limited has launched two redevelopment projects in Mumbai. The projects K52 in Khar and Alora in Kalina, Santacruz, have a revenue potential of Rs 110 crore and Rs 300 crore respectively.
K52 in Khar is a luxurious 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. It is located opposite Khar Gymkhana, close to Carter Road and Pali Hill, offering connectivity to high street retail, hospitals, and educational institutions. The carpet area of each residence is around 844 sq ft, with a ticket size of over Rs 6 crore.
Alora in Kalina, Santacruz, is a gated community spread across 1.34 acres, comprising five 11-storey towers offering a mix of 2BHK to 3BHK configurations with price point ranging from Rs 2.8 crore to Rs 4.5 crore. It is in proximity to the international and domestic airports, and have accessibility to metro station, railway station, western express highway, hospitals, and educational institutions. The project has been designed, keeping new-age preferences in mind, to provide abundant open green-spaces.
Rahul Talele, Group CEO, Kolte-Patil Developers Limited, said, “KPDL is committed to diversifying its offerings and expanding its presence in Mumbai. Being cognizant of city’s evolving demand for holistic real estate; comfort, quality, sustainability and providing world-class amenities, have become our key focus areas while developing such residential projects. It’s these modern home-buying trends that shaped our approach when we started working on the blueprints of K52 and Alora.”