- Business
- Kolte-Patil Developers Limited engages in real estate development in India, focusing on residential complexes, commercial and retail complexes, IT parks, and integrated townships; it also rents immovable properties and provides project management services for real estate projects. The company markets its developments under the Kolte-Patil and 24K brands, offering products across affordable housing to luxury accommodations with emphasis on quality, transparency, sustainability, and design uniqueness. Incorporated in 1991 and headquartered in Pune, Maharashtra, Kolte-Patil operates primarily in Pune with presence in Mumbai and Bengaluru, having developed over 64 projects covering approximately 28 million square feet of saleable area. Recent strategic developments include a transformative partnership with Blackstone in 2025, under which Blackstone commits approximately Rs 1,800 crore to acquire up to 66% stake, including 14.3% through fresh equity issuance, 25.7% from promoters, and up to 26% via open offer, marking Blackstone's entry into Indian residential real estate and enabling Kolte-Patil's expansion and innovation.