Kolte-Patil Developers Limited said that its group CEO Gopal Sarda has put down his papers to take up other opportunities.

According to the Pune-based real estate developer, Gopal Sarda’s resignation has come into effect from the close of business hours on 10 June 2021.

Rajesh Patil – Chairman and Managing Director of Kolte-Patil Developers said: “I would like to thank Gopal for his significant contributions and dedicated efforts to Kolte-Patil Developers. During his tenure with the Company, he has helped us develop a stronger position in Pune while growing our presence in Mumbai and Bengaluru.

“Further, the Company has grown stronger both financially and operationally. We would like to wish him the best in all his future endeavors. We have a strong and seasoned leadership team and we remain focused on executing on our strategic vision to create long term value for all stakeholders.”

Gopal Sarda will be associated with Kolte-Patil Developers in an advisory role.

He said: “I have had a remarkable professional journey at Kolte-Patil Developers – joining as a Senior Manager – Finance & Strategy in 2010, moving to Group President role within a span of 6 years; and finally being named Group CEO of KPDL at age 33 in 2017. The growth thereon has been quite satisfying on a professional level and for the deep relationships I have built here.

“I have a natural affinity for entrepreneurship and am tremendously excited to move on to a new entrepreneurial role. I believe that Kolte-Patil will continue to build on its storied journey and will achieve many growth milestones in the coming years.”

Kolte-Patil Developers, which has a considerable footprint in the Pune residential market, is said to be increasing its presence in Mumbai and Bengaluru as well. The real estate company has developed and built more than 50 projects, which include residential complexes, commercial complexes, integrated townships, and IT parks covering a saleable area of around 20 million square feet across Pune, Bengaluru, and Mumbai.

Last month, Kolte-Patil Developers signed two new projects in Pune under the development management (DM) model, with expected fees of around INR 80 crores.

  Gopal Sarda, India, Kolte-Patil Developers, Pune, Rajesh Patil