Kolte-Patil Developers Limited, a leading Pune based real estate developer, has announced the signing of three new projects in Pune under the development management (DM) model.

The projects are strategically located at Wagholi in East Pune and Kiwale and Ravet in West Pune and have the saleable potential of -1.2 million square feet with over -1,250 units to be developed.

As the development manager, Kolte-Patil will lend its brand to these projects and jointly collaborate with the land owners to oversee product design, sales and marketing, project quality and cash-flow-management leading to time-bound handover to buyers. The company expects to earn DM fees of Rs.60-65 crore from these projects over a period of 30-36 months. The project costs would continue to be borne by the respective projects.