Kolte-Patil Developers secures investment from Marubeni for Alora Project

Leading Pune-based real estate firm Kolte-Patil Developers Limited has confirmed an agreement with Japan’s Marubeni Corporation, detailing a significant investment of Rs. 110.90 crore into their Alora project situated in the strategic locale of Kalina, Santacruz, Mumbai. This investment grants Marubeni a substantial saleable area within the development, marking a notable milestone for both entities in the Indian real estate sector.

The Strategic Tie-up: Expanding Horizons

The Alora project, launched earlier this year, presents a promising development potential, with Marubeni Corporation’s investment earmarking a decisive second collaboration between the two firms. The commitment from Marubeni aligns with Kolte-Patil Developers Ltd.’s strategy to pursue capital-light business structures, pairing with strong partnerships to accelerate their development objectives and enhance their footprint in key markets like Mumbai.

Kolte-Patil and Marubeni: A Partnership for Quality Living

Yash Patil, Joint Managing Director of Kolte-Patil Developers, reflects on the collaboration: “This agreement for the Alora Project in Santacruz, Mumbai, is another positive milestone that will enable us to expedite execution and further our business growth objectives.” The union with Marubeni Corporation is seen as a testament to Kolte-Patil’s commitment to delivering quality living spaces and maintaining high standards of corporate governance.

A Sustainable Vision for Indian Real Estate

Echoing this sentiment, Noritake Miyaguchi, General Manager at Marubeni Corporation, emphasizes the partnership’s intention to contribute to sustainable living environments and community development. The synergy between Kolte-Patil’s robust project execution and Marubeni’s global real estate acumen aspires to create enhanced residential spaces catering to the needs of Indian homebuyers.