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Kolte Patil Developers sells 500 units in 40 days

ORO Avenue - Life Republic 1 & 2 BHK Flats at Hinjawadi - Pune

Pune: Kolte-Patil Developers said it has sold 500 units in its new project, ORO Avenue, which is part of the developer’s Life Republic, a residential township at Hinjawadi – Pune. The project, which was launched last month, has seen bookings worth Rs 186 cr. The figure works out to an average of Rs 37.2 lakh.

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“When compared to other projects recently launched in Pune, OROR Avenue has sold maximum inventory in a span of just 40 days,” said Group CEO Gopal Sarda.
The tepid demand indicates that the real estate market may be seeing the return of demand after a prolonged slowdown.
“This launch has emerged as a trend-setter in the real estate industry and the huge response mirrored the essential demand for Kolte-Patil homes,” said Group CEO Gopal Sarda.
He said the project received investments from Pune, Mumbai, other parts of India as well as non-resident Indians.
Besides residential complexes, Kolte Patil has also developed commercial complexes and IT parks in Pune and Bengaluru.

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