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	<title>developer Archives - NRI News</title>
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		<title>Game Developers Association of India (GDAI) and Services Export Promotion Council (SEPC) Forge Strategic Partnership</title>
		<link>https://nrinews24x7.com/game-developers-association-of-india-gdai-and-services-export-promotion-council-sepc-forge-strategic-partnership/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 07 May 2025 16:10:12 +0000</pubDate>
				<category><![CDATA[Games]]></category>
		<category><![CDATA[Associatioon]]></category>
		<category><![CDATA[council]]></category>
		<category><![CDATA[developer]]></category>
		<category><![CDATA[export]]></category>
		<category><![CDATA[game]]></category>
		<category><![CDATA[GDAI]]></category>
		<category><![CDATA[MOU]]></category>
		<category><![CDATA[partnership]]></category>
		<category><![CDATA[promotion]]></category>
		<category><![CDATA[SEPC]]></category>
		<category><![CDATA[service]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=177497</guid>

					<description><![CDATA[<p> Aims to Boost India’s Gaming and Esports Industry through Collaboration, Investment, and Global Outreach HYDERABAD: At the recently held WAVES Summit 2025 at Mumbai, a strategic Memorandum of Understanding (MoU) was signed between the Game Developers Association of India (GDAI) and the Services Export Promotion Council (SEPC- set up by the Ministry of Commerce and Industry, [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/game-developers-association-of-india-gdai-and-services-export-promotion-council-sepc-forge-strategic-partnership/">Game Developers Association of India (GDAI) and Services Export Promotion Council (SEPC) Forge Strategic Partnership</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="has-text-align-center" style="font-size:24px"><em> Aims to Boost India’s Gaming and Esports Industry through Collaboration, Investment, and Global Outreach</em></p>



<p><strong>HYDERABAD:</strong> At the recently held WAVES Summit 2025 at Mumbai, a strategic Memorandum of Understanding (MoU) was signed between the Game Developers Association of India (GDAI) and the Services Export Promotion Council (SEPC- set up by the Ministry of Commerce and Industry, Govt. of India), marking a significant milestone in promoting collaboration, innovation, and growth in India’s rapidly evolving gaming and esports ecosystem.</p>



<p>This strategic partnership is designed to enhance cooperation between the GDAI and SEPC across key industry dimensions, including investment facilitation, international promotion, industry engagement, skill development, and global market access.</p>



<p>As part of the MoU, GDAI and SEPC have committed to promote bilateral investment opportunities, joint ventures, and business delegations to stimulate economic and technological collaboration; build a consortium of companies to amplify India’s gaming and esports export capabilities; foster technological&nbsp;<strong>advancement</strong>&nbsp;in areas such as AR/VR, gamification, AI, metaverse, animation, and visual effects; drive skill development and training initiatives to strengthen India’s talent pipeline and industry readiness amongst other goals to showcase India’s potential in video gaming, esports, and related emerging technologies.</p>



<p>Speaking about the MoU, <strong>Dr. Abhay Kumar Sinha, Director General, SEPC</strong>,  “<em>This partnership is a key step towards boosting India’s services exports in the high-growth gaming and esports sector. By aligning with GDAI, we aim to unlock global market opportunities and strengthen India’s position as a leading exporter of creative and digital services.</em>”</p>



<p>Sharing his views on the association with SEPC,<strong> Sridhar Muppidi, Chairperson,  GDAI</strong>, said, <em>&#8220;This MoU is a major step toward positioning India as a global player in the gaming and esports sector. By working together, GDAI and SEPC aim to unlock new economic opportunities and help Indian developers, designers, and entrepreneurs reach new heights.&#8221;</em></p>



<p><strong>Sridhar</strong> further added, “<em>This partnership also reflects the government’s growing interest in recognising gaming and esports not just as entertainment avenues but as significant contributors to India&#8217;s digital economy and export potential</em>.”</p>



<p>The MoU further encourages cooperation in software development, internet technologies, data analytics, and immersive technologies to empower start-ups, creators, and enterprises.</p>
<p>The post <a href="https://nrinews24x7.com/game-developers-association-of-india-gdai-and-services-export-promotion-council-sepc-forge-strategic-partnership/">Game Developers Association of India (GDAI) and Services Export Promotion Council (SEPC) Forge Strategic Partnership</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>WSO2 Launches Ambassador Program</title>
		<link>https://nrinews24x7.com/wso2-launches-ambassador-program/</link>
					<comments>https://nrinews24x7.com/wso2-launches-ambassador-program/#respond</comments>
		
		<dc:creator><![CDATA[Editorial Desk]]></dc:creator>
		<pubDate>Thu, 24 Apr 2025 02:57:26 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Ambassador]]></category>
		<category><![CDATA[Architect]]></category>
		<category><![CDATA[Code]]></category>
		<category><![CDATA[developer]]></category>
		<category><![CDATA[Digital]]></category>
		<category><![CDATA[Information]]></category>
		<category><![CDATA[Infrastructure]]></category>
		<category><![CDATA[Open source]]></category>
		<category><![CDATA[Platform]]></category>
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		<guid isPermaLink="false">https://nrinews24x7.com/?p=177371</guid>

					<description><![CDATA[<p>New initiative recognizes top community contributors worldwide and fosters the next generation of open-source leaders COLOMBO, SRI LANKA: WSO2, the leader in enterprise digital infrastructure technology, today announced the launch of the WSO2 Ambassador Program, a global initiative that celebrates and supports the most passionate voices in its tech community, including developers and architects. This [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/wso2-launches-ambassador-program/">WSO2 Launches Ambassador Program</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p class="has-text-align-center" style="font-size:24px"><em>New initiative recognizes top community contributors worldwide and fosters the next generation of open-source leaders</em></p>



<p><strong>COLOMBO, SRI LANKA:</strong> WSO2, the leader in enterprise digital infrastructure technology, today announced the launch of the WSO2 Ambassador Program, a global initiative that celebrates and supports the most passionate voices in its tech community, including developers and architects. This program is designed to recognize individuals who actively share knowledge, inspire innovation, and contribute to the growth of the open-source ecosystem powered by WSO2 technologies.</p>



<p>At the heart of the digital era are developers and architects—the problem-solvers and builders of the digital experiences we use every day. WSO2 recognizes that its success is deeply tied to the passion and ingenuity of its developer community. Developers are not only consumers of WSO2’s open-source platforms for API management, integration, identity and access management, and WSO2’s internal developer platform, Choreo; they are also co-creators, pushing the boundaries of what’s possible, improving the products through feedback, and building impactful solutions that serve millions. Architects, on the other hand, play a critical role in shaping the bigger picture—designing scalable, secure, and future-ready digital architectures that bring developer innovations to life.</p>



<p>“<em>Developers are the driving force behind innovation</em>,” said <strong>Isabelle Mauny, Chief Developer Advocate at WSO2</strong>. “<em>They are not merely users of our products—they are instrumental in shaping them. Architects help ensure that solutions built on WSO2&#8217;s platforms are robust, cohesive, and aligned with long-term business goals. The WSO2 Ambassador Program is our way of acknowledging their contributions and supporting their continued growth. Whether through leading community meetups, publishing technical tutorials, or contributing to our codebase, our ambassadors play a vital role in empowering others to succeed with WSO2</em>.”</p>



<p>WSO2’s commitment to open source goes beyond code—it’s about people. The Ambassador Program is a natural extension of that commitment. By offering mentorship, visibility, and support, WSO2 aims to empower developers to become leaders in their communities and advance their personal and professional growth.</p>



<h3 class="wp-block-heading"><a></a><strong>What Ambassadors can expect:</strong></h3>



<ul class="wp-block-list">
<li>Skill-building opportunities in community leadership, developer advocacy, and public speaking</li>



<li>Sponsorship for local events, meetups, and conferences to grow regional communities</li>



<li>Visibility and recognition through WSO2’s digital channels and media</li>



<li>Access to exclusive WSO2 events, tools, and swag</li>



<li>Direct collaboration with WSO2 teams, providing feedback and influence on product direction</li>
</ul>



<p>The program is open to developers, architects, and technical leaders with experience using WSO2 technology and a passion for empowering others through content, events, and code. Ambassadors can contribute at their own pace, with flexible engagement levels.</p>



<p>“<em>Being a WSO2 Ambassador is not about holding a title—it is about making a meaningful impact,</em>” <strong>Mauny</strong> explained. “<em>It recognizes those developers who dedicate their time to writing tutorials, answering questions in forums, and mentoring the next generation of technologists. Our goal is to support their efforts, elevate their contributions, and connect them with a global community of peers and innovators</em>.”</p>



<p>Visit <a href="https://wso2.com/community/ambassadors/">the WSO2 Ambassadors Page</a> to learn more about the program, meet our 2025 ambassadors, and find out how you can get involved.</p>
<p>The post <a href="https://nrinews24x7.com/wso2-launches-ambassador-program/">WSO2 Launches Ambassador Program</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Airtel &#038; TechGig Conclude 1st Edition Of ‘She Codes’ </title>
		<link>https://nrinews24x7.com/airtel-techgig-conclude-1st-edition-of-she-codes/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 08 May 2024 02:36:32 +0000</pubDate>
				<category><![CDATA[National]]></category>
		<category><![CDATA[Airtel]]></category>
		<category><![CDATA[Code]]></category>
		<category><![CDATA[developer]]></category>
		<category><![CDATA[female]]></category>
		<category><![CDATA[hackathon]]></category>
		<category><![CDATA[prize]]></category>
		<category><![CDATA[She]]></category>
		<category><![CDATA[SHEcodes]]></category>
		<category><![CDATA[Talent]]></category>
		<category><![CDATA[TechGig]]></category>
		<category><![CDATA[Women]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=172307</guid>

					<description><![CDATA[<p>GURUGRAM: Airtel, a leading telecom services provider in India, recently concluded &#8216;SheCodes,&#8217; an annual hackathon hosted in collaboration with TechGig, the country’s largest developer community. The campaign aimed at championing and elevating female talent within the tech industry, announcing the top winning students who, along with prizes, will get placement opportunities to work with India&#8217;s leading [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/airtel-techgig-conclude-1st-edition-of-she-codes/">Airtel &amp; TechGig Conclude 1st Edition Of ‘She Codes’ </a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
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<p><strong>GURUGRAM:</strong> Airtel, a leading telecom services provider in India, recently concluded &#8216;SheCodes,&#8217; an annual hackathon hosted in collaboration with TechGig, the country’s largest developer community. The campaign aimed at championing and elevating female talent within the tech industry, announcing the top winning students who, along with prizes, will get placement opportunities to work with India&#8217;s leading tech giant.</p>



<p>The coding competition, which ran from April 16th to May 2nd, 2024, aimed at recruiting young technical leaders in the Network and Digital domains of Airtel. A total of 4,104 registered participants took part in three rounds that tested their domain expertise, problem-solving abilities, and agility. Participants showcased their coding prowess and innovative thinking through a series of challenges.</p>



<p>The grand finale, held on May 1st, 2024, at the Airtel head office in Gurugram, saw the top teams compete for the top prizes. Subsequently, finalists underwent interviews for potential positions at Airtel. The shortlisted candidates will join Airtel in July 2025.</p>


<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img fetchpriority="high" decoding="async" width="640" height="427" src="https://nrinews24x7.com/wp-content/uploads/2024/05/Airtel-SheCodes-Winners.jpeg" alt="Airtel &amp; TechGig: 1st edition of ‘She Codes’" class="wp-image-172308" style="width:988px;height:auto" srcset="https://nrinews24x7.com/wp-content/uploads/2024/05/Airtel-SheCodes-Winners.jpeg 640w, https://nrinews24x7.com/wp-content/uploads/2024/05/Airtel-SheCodes-Winners-300x200.jpeg 300w, https://nrinews24x7.com/wp-content/uploads/2024/05/Airtel-SheCodes-Winners-630x420.jpeg 630w" sizes="(max-width: 640px) 100vw, 640px" /><figcaption class="wp-element-caption">Ananya Bansal, Sanya Mahajan, Vanshika Khurana, and Suhana Khandelwal as part of the team Network-X</figcaption></figure>
</div>


<p>The following winners were announced: Ananya Bansal, Sanya Mahajan, Vanshika Khurana, and Suhana Khandelwal as part of the team Network-X.</p>



<p><strong>Sanjay Goyal, Business Head of TechGig</strong>, expressed enthusiasm about the collaboration, stating, “<em>Our partnership with Airtel represents a significant step towards empowering talented coders. Through this campaign, we aim to bridge the gender gap in the tech community and create a brighter future for Indian female talent.</em>”</p>



<p><strong>Amrita Padda, Chief People Officer at Airtel</strong>, highlighted the company&#8217;s commitment to fostering diversity and inclusion in the tech sector, saying, &#8220;<em>We are immensely proud of the overwhelming response and enthusiasm we received for ‘SheCodes’. This initiative not only underlines our commitment to fostering inclusivity and diversity but also serves as a platform to identify and nurture the next generation of female tech leaders</em>.&#8221;</p>



<p>In total, 20 students secured placements at Airtel as a result of the campaign.</p>
<p>The post <a href="https://nrinews24x7.com/airtel-techgig-conclude-1st-edition-of-she-codes/">Airtel &amp; TechGig Conclude 1st Edition Of ‘She Codes’ </a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Kolte-Patil Announces INR 9000 Crore Project Launches By FY2025</title>
		<link>https://nrinews24x7.com/kolte-patil-announces-inr-9000-crore-project-launches-by-fy2025/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 13 Feb 2024 10:15:24 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
		<category><![CDATA[Construction]]></category>
		<category><![CDATA[customer]]></category>
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		<category><![CDATA[real estate]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=170738</guid>

					<description><![CDATA[<p>Elevating homes and living with customer-centric products PUNE: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune-based real estate player with a growing presence in Mumbai and Bengaluru, has announced an ambitious plan to launch projects totaling ~INR 9,000 crore over the next 14 months across Pune, Mumbai, and Bengaluru. This strategic move is [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/kolte-patil-announces-inr-9000-crore-project-launches-by-fy2025/">Kolte-Patil Announces INR 9000 Crore Project Launches By FY2025</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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<p class="has-text-align-center" style="font-size:24px"><em>Elevating homes and living with customer-centric products</em></p>



<ul class="wp-block-list">
<li><em>Aims at <strong>30%</strong> of sales value from Mumbai and Bengaluru by FY 25</em></li>



<li><em>Executed more than <strong>26 mn. sq. ft</strong>. across Pune, Mumbai and Bengaluru</em></li>
</ul>



<p><strong>PUNE: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL),</strong> a leading Pune-based real estate player with a growing presence in Mumbai and Bengaluru, has announced an ambitious plan to launch projects totaling ~INR 9,000 crore over the next 14 months across Pune, Mumbai, and Bengaluru. This strategic move is a crucial part of Kolte-Patil Developers&#8217; ongoing initiatives aimed at strengthening its presence in high-potential micro-markets and augmenting its market share.</p>



<p>In particular, Kolte-Patil has significantly bolstered its footprint in key operating regions, with a notable focus on Pune. The upcoming project launches in Pune alone account for approximately INR 6,400 crore. The residential market in Pune continues to thrive, supported by continuous infrastructure enhancements and heightened economic activities. The city’s growth is attributed to resilient urban infrastructure, a high quality of life index, a reasonable cost of living, and a rising per capita income fuelled by robust employment opportunities across various sectors. KPDL&#8217;s forthcoming projects are strategically positioned in micro-markets like Kiwale, Pimple Nilakh, Baner, Kharadi, Hinjewadi, and NIBM Road in Pune. These micro-markets have swiftly gained popularity as preferred residential destinations due to their proximity to industrial zones, excellent connectivity, and well-established social infrastructure.</p>



<p>Meanwhile, Mumbai&#8217;s launch potential is projected to reach around ~ INR 2,500 crore by FY25. With 15 redevelopment projects in Mumbai (2 completed, 5 ongoing, and 8 planned), the company envisions sales distribution of 70% from the Pune market, with Mumbai and Bengaluru collectively contributing approximately 30% by FY25. This aligns with Kolte-Patil&#8217;s diversification goal. The sales guidance targets over INR 3,500 crore in FY25 and approximately INR 4,500 crore in FY26.</p>



<p>In November 2022, Kolte-Patil Developers announced a collaboration with Marubeni Corporation, Japan, securing an investment of INR 206.5 crore for KPDL&#8217;s residential project in the Pimple Nilakh micro-market, Pune. Subsequently, Kolte-Patil entered into a second agreement with Marubeni Corporation in November 2023 for a project worth INR 110.9 crore in the Kalina micro-market, Mumbai. These partnerships underscore Kolte-Patil Developers&#8217; commitment to strategic collaborations for robust growth while maintaining financial prudence, positioning the company for continued success in the dynamic real estate landscape.</p>



<p><strong>Rahul Talele, Group CEO, of Kolte-Patil Developers Limited</strong> said, “<em>Our dedication to &#8216;Creation, not construction&#8217; defines a unique approach, transforming structures into landmarks that significantly elevate lives. Demonstrating our prowess, our track record represents the development of over 26 million sq. ft, and our current projects span 33.5 million sq. ft with a strong Gross Development Value (GDV) potential of ~INR 25,000 crore. The resounding success of our flagship project, Life Republic in Pune, is a testament to our focus on quality and adaptability to market demands. Achieving an unprecedented pre-sales figure of 1.7 million sq. ft. at the Life Republic township project in 9MFY24 stands as a pinnacle of our commitment to excellence</em>.</p>



<p><em>Furthermore, the recent achievements comprise securing two redevelopment projects in the MMR region, with an anticipated top-line potential of approximately INR 545 crore. It is in line with our continuous endeavors to fortify our presence in the city. These projects seamlessly align with our overarching objectives, amplifying the impact of strategic initiatives in society redevelopment. As we forge ahead, our efforts will undoubtedly solidify our distinguished position in our key geographies of Pune, MMR market, and Bengaluru, setting new benchmarks and reinforcing Kolte-Patil Developers as an industry leader.</em>”</p>



<p>Benefiting from the strategic investments in technology, Kolte-Patil ensures expeditious construction, data-driven decision-making, and an integrated omni-channel experience. This underscores its commitment to delighting customers through punctual delivery and flawless execution. Responding to the increasing demand for quality developers, the brand utilizes its robust market position and nurtured customer relationships to deliver value across the entire stakeholder ecosystem. The tri-city company is on track to achieve its diversification objectives through meticulous planning, encompassing new launches and projects across key markets of Pune, Mumbai, and Bengaluru.</p>
<p>The post <a href="https://nrinews24x7.com/kolte-patil-announces-inr-9000-crore-project-launches-by-fy2025/">Kolte-Patil Announces INR 9000 Crore Project Launches By FY2025</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Kolte-Patil acquires two society re-development projects in the Western Suburbs of the Mumbai Metropolitan Region</title>
		<link>https://nrinews24x7.com/kolte-patil-acquires-two-society-re-development-projects-in-the-western-suburbs-of-the-mumbai-metropolitan-region/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 23 Jan 2024 09:23:39 +0000</pubDate>
				<category><![CDATA[Realtors]]></category>
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		<category><![CDATA[Mumbai]]></category>
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		<guid isPermaLink="false">https://nrinews24x7.com/?p=170251</guid>

					<description><![CDATA[<p>Acquired projects have a topline potential of around INR 545 crore In FY24, the Company acquired projects in Pune and MMR with a total topline potential of approximately INR 4,000 crore PUNE: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has signed two new society re-development projects in the western suburbs of Mumbai with total saleable area of ~3.06 lakh square feet translating into top-line potential [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/kolte-patil-acquires-two-society-re-development-projects-in-the-western-suburbs-of-the-mumbai-metropolitan-region/">Kolte-Patil acquires two society re-development projects in the Western Suburbs of the Mumbai Metropolitan Region</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center" style="font-size:24px"><em>Acquired projects have a topline potential of around INR 545 crore</em></p>



<p class="has-text-align-center" style="font-size:24px"><em>In FY24, the Company acquired projects in Pune and MMR with a total topline potential of approximately INR 4,000 crore</em></p>



<p><strong>PUNE:</strong> Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has signed <strong>two new society re-development projects in the western suburbs of Mumbai with total saleable area of ~3.06 lakh square feet translating into top-line potential of ~INR 545 crore</strong>. The two acquired projects are at strategic locations in prime residential areas, Dahisar and Versova, in line with the company&#8217;s growth and diversification goals of expanding its presence in Mumbai. With these additions, the company now has a total of fifteen projects in the Mumbai Metropolitan Region (MMR), addressing a wide spectrum of real estate demand in the city.</p>



<h1 class="wp-block-heading">Project&nbsp;Details:</h1>



<figure class="wp-block-table"><table><tbody><tr><td>Sr.&nbsp;No.</td><td>Mumbai&nbsp;Metropolitan&nbsp;Region</td><td>Saleable&nbsp;Area</td><td>Top-line&nbsp;Potential</td></tr><tr><td>1.</td><td>Dahisar</td><td>~2.13&nbsp;lakh&nbsp;sq.&nbsp;ft.</td><td>~INR&nbsp;325 crore</td></tr><tr><td>2.</td><td>Versova</td><td>~0.93&nbsp;lakh&nbsp;sq.&nbsp;ft.</td><td>~INR&nbsp;220 crore</td></tr></tbody></table></figure>



<ol class="wp-block-list">
<li>The Dahisar project is well connected to the Western Express Highway. Further, the proximity to the metro connecting via Andheri and its further expansion to the BKC add to the attractiveness of the project. The Company has demonstrated success in the Dahisar micro-market following the execution of its residential re-development project, Vaayu.</li>



<li>The Versova project has strong demand potential and access to rapidly expanding public infrastructure including the metro lines and the proposed Versova-Virar Sea Link which will provide coastal road connectivity between South Mumbai and Western suburbs.</li>
</ol>



<p>Commenting on this announcement, <strong>Rahul Talele, Group CEO, of Kolte-Patil Developers Ltd</strong>. said,<strong><em> </em></strong><em>“I am happy to announce the addition of two new society redevelopment projects in the western suburbs of Mumbai. This marks another significant milestone in our journey to strengthen our presence in </em>Mumbai which<em> represents the largest real estate market in the country. These projects align with our strategic goals and we are confident that our active initiatives and growing presence in society re-development space will continue to enhance our standing in the MMR market in a significant manner.</em></p>



<p><em>Our success comes from navigating the complexities of the real estate landscape and executing projects with speed in line with the preferences and requirements of our customers to deliver an elevated brand experience. The acquisition of these projects further demonstrates our commitment to growth and diversification beyond Pune. With a decade-long presence, we are well positioned to capitalize on the tremendous opportunity in Mumbai for trusted developers like Kolte-Patil.&#8221;</em></p>



<p>During the year FY24 till date, the Company has successfully acquired eight projects, comprising two in Pune and six in MMR, with a combined total development potential of 3.3 million square feet and a topline potential of ~INR 4,000 crore. The company remains committed to expanding on the back of innovative, capital-efficient opportunities for continued growth and expansion in its targeted markets.</p>
<p>The post <a href="https://nrinews24x7.com/kolte-patil-acquires-two-society-re-development-projects-in-the-western-suburbs-of-the-mumbai-metropolitan-region/">Kolte-Patil acquires two society re-development projects in the Western Suburbs of the Mumbai Metropolitan Region</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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		<title>Kolte-Patil Signs Rs. 206.5 Crore Agreement With Marubeni Corporation (Japan)</title>
		<link>https://nrinews24x7.com/kolte-patil-signs-rs-206-5-crore-agreement-with-marubeni-corporation-japan/</link>
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		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 17 Nov 2022 14:27:44 +0000</pubDate>
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					<description><![CDATA[<p>PUNE: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune-based real estate player with a growing presence in Mumbai and Bengaluru, has announced that it has entered into an agreement with Marubeni Corporation, Japan, for investment in Kolte-Patil’s residential project located in Pimple Nilakh micro market, Pune. Based on the agreement, Marubeni Corporation will [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/kolte-patil-signs-rs-206-5-crore-agreement-with-marubeni-corporation-japan/">Kolte-Patil Signs Rs. 206.5 Crore Agreement With Marubeni Corporation (Japan)</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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										<content:encoded><![CDATA[
<p><strong>PUNE:</strong> Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL), a leading Pune-based real estate player with a growing presence in Mumbai and Bengaluru, has announced that it has entered into an agreement with Marubeni Corporation, Japan, for investment in Kolte-Patil’s residential project located in Pimple Nilakh micro market, Pune. Based on the agreement, Marubeni Corporation will invest Rs. 206.5 crores in the project and will be entitled to ~ 2.85 lakh sq. ft. of saleable area. KPDL will receive this amount in a single tranche, providing further liquidity to the company to invest in business development opportunities. The Pimple-Nilakh residential project, one of the priority launches in Kolte-Patil’s 24K premium luxury segment portfolio, has a total development potential of ~8 lakh sq. ft.</p>



<p>Commenting on this<strong> Mr. Yash Patil, Joint Managing Director, Kolte-Patil Developers Ltd. said</strong>, <em>“We are extremely happy to announce this agreement with Marubeni Corporation (Japan) for our Pimple Nilakh project. With this new collaboration, we look forward to the </em>rapid development of another high-quality residential project in the premium luxury segment, complementing our larger, mass-market portfolio of offerings. Also, this investment will help fast-track our business development goals. We believe that this association with a leading global organization of repute once again highlights our organizational capabilities and governance standards. Our strong execution capabilities combined with the <em>vast experience of Marubeni Corporation in developing real estate projects in both Japan and global markets will create synergies that further boost our position in the sector and drive value for our stakeholders.”</em></p>



<p>Adding to it <strong>Mr. Noritake Miyaguchi, General Manager, Overseas Real Estate Business Dept, Marubeni Corporation, said,</strong> <em>“We are pleased to partner with Kolte-Patil, a leading real estate developer in Pune, in our second investment in the Indian market. We believe Kolte-Patil’s strong ability to understand and execute projects and their reputation built over decades of successful customer engagement will help us to consolidate our presence in the Indian real estate market. We look forward to this association to jointly create home spaces that improve the livability quotient for a large number of people in India.&#8221;</em></p>
<p>The post <a href="https://nrinews24x7.com/kolte-patil-signs-rs-206-5-crore-agreement-with-marubeni-corporation-japan/">Kolte-Patil Signs Rs. 206.5 Crore Agreement With Marubeni Corporation (Japan)</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
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