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Pune-based developer Kolte Patil has acquired a 30-acre land parcel at Kondhwa in Pune in association with its partner ASK Real Estate Fund.
The deal is valued at Rs 160 crore, and the land will be used to build a residential housing project, Kolte Patil said in a filing to the BSE.
While the acquisition diversifies Kolte Patil’s existing land bank in the city, this is ASK’s fourth investment in Pune.
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