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Union Budget 2017-18
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Kolte-Patil Developers Ltd. Company History and Annual Growth Details

Kolte-Patil Developers Limited was incorporated on November 25, 1991 as a
private limited company by Rajesh Patil and Milind Kolte. The Company was
subsequently converted into a public limited company under the name
Kolte-Patil Developers Limited on April 1, 1995. The Company was originally
incorporated as Kolte-Patil Developers Limited on May 9, 1995 and the
name was changed to Regenesis Developers Limited on December 4, 2006 and
subsequently the name was changed to Kolte-Patil Developers Limited on December
12, 2006. After completing number of residential properties, KPDL ventured in to
development of commercial properties in 1995 by creating one of the largest
commercial complexes in Pune, namely, Patil Plaza (80,000 sq. ft.). Later KPDL
developed City Mall (76,485 sq. ft.), City Point and City Tower (187,562 sq. ft.) as
purely commercial properties housing offices of many Indian and Multinational

Major events in the history of our Company since inception

Year Key events

1991 Incorporation of our Company under the name and style of Kolte-Patil Developers
Pvt. Limited.

1994 Completed 1st commercial project: Patil Plaza, Pune.

1995 Change of the name of the Company to Kolte-Patil Developers Ltd. and conversion
to a public limited Company.

1998 Completed 0.5 million sq. ft. of construction.

2000 Entered Bangalore Real Estate Market.

2001 Completed 1.00 million sq. ft. of construction.

2004 Completed 2.00 million sq. ft. of construction.

2006 Completed 4.01 million sq. ft. construction.

2006 Recipient of Govt. of Maharashtra's Award for Best IT Park Infrastructure Award for
Gigaspace IT Park.

2006 Joint Venture Agreement dated 23.2.2006, entered with ICICI Venture Funds
Management Company Limited for development of integrated township at Marunje and
Jambe (Pune) (Approximate area 500 acres).

2006 Joint Venture agreement dated 06.10.2006, entered with ICICI Venture Funds
Management Company Limited for IT Park (Approximate area 1.2 Million sq. ft.) at
Kharadi at (survey No.40).

2006 Joint Venture Agreement dated 13.10.2006, entered with ICICI Venture Funds
Management Company Limited and Mr. Iswarchand Goyal for development of residential
complex at Wagholi (Pune) (Approximate area 80 acres).

2006 Joint Development Agreement dated April 23, 2006 entered with Arista Developers Pvt.
Ltd. (named as Green Olive Ventures).

2007 Joint Venture Agreement dated April 23, 2007, entered with K2 Property Limited for
development of properties at Mohammedwadi, Bavdhan and Kharadi at Pune (Aggregating
Approximate area 53.36 acres).
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