KKR will invest Rs 193 crore in Kolte-Patil’s township project in Pune

Vastavam web: Realty player Kolte-Patil Developers today said private equity firm KKR will invest Rs 193 crore in its township project in Pune.”KKR has committed Rs 193 crore in Kolte-Patil I-Ven Townships (KPIT), a joint venture of Kolte-Patil and ICICI Venture Funds Management Company, which is developing Life Republic, a 383-acre township located in Pune,” the company said in a statement issued here.”We will utilise KKR’s capital to further expand our focus on efficient execution that we see translating into improved demand from customers and strong project dynamics for all other stakeholders,” company’s Group CEO Gopal Sarda said.Commenting on the development, KKR Director, Real Estate Ashish Khandelia, said its long-term capital commitment to the project will contribute to its continued success as a high-quality township development.