Kolte-Patil Developers Ltd — Capital/Financing Update 2019

Dec 17, 2019

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To, The Assistant Manager, National Stock Exchange of India Limited Listing Department, 'Exchange Plaza', Bandra Kurla Complex. Bandra (East), Mumbai - ⁴⁰⁰⁰⁵¹

To, The General Manager, BSE Limited Corporate Relationship Department, 1sr floor, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 40000'l

17 December 2019

subject: Press Release - Kolte-Patil's 'zABuRDUs' campaign receives remarkable response - 500 apartments sold at Life Republic

Ref: NSE Symbol and Series: KOLTEPATTL and Ee BSE Code and Scrip Code: 9624 and 532924

Dear Sir/Madam,

Please find attached herewith press release 'Kolte-patil's 'ZABURDUS, campaign receives remarkable response - 500 apartments sold at Life Reoublic."

This is for your information and record.

Thanking you,

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For Kolte-Patil Developers Limited

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xi;*"i'1"","*o*M Membership No. A13258 Officer

KOTTE- PATIT DEVETOPERS LTD.

CIN : 145200pN 1991pLC1Z942g

Pune Regd. oftce.:2nd Floor, city Point, Dhole Patil Road, Pune 4u001. Maharashtra, India. Tel.: +91 20 6622 6500 Fax: +91 20 6622 ⁶⁵ Bangafor€ ollice : 121' The Estate Building, loth floor, Dickenson Road, Bangalore 560M2. India. Tel.: 080 - 4662 4444 / 2224 3135 / 2224 2803 Web : www.kolteDatil.com

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Kolte-Patil's'ZABURDUS' campaign receives remarkable response - 5OO apartments sold at Life Republic

Pune. Decemb€l 17. 2019: Kolte-patil Developers Limited (BSE: 532g24, NSE: KOLTEPATIL), a leading Pune based real estate developer, has received a remarkable response from home buyers based on its 'ZABARDUS' promotional campaign at Life Republic. The 'ZABARDUS' campaign, which was launched on 7b of November and ran tirl the l5h of December, witnessed sales of 5oo units with booking value of Rs. 205 crore.

Life Republic, spread across 390 acres, is one of the most aspirational townships located in the vicinity of Hinjawadi, Pune's prime IT hub and one of the fastest growing areas in the city. Life Republic brings several world-class lifestyle choices and amenities to customers.

Life Republic, being the company's flagship project, is expected to continue to drive Kolte-Patil's revenue, profits, cash flows and return ratios in a significant manner over nex( decade-and-a-half. At present, - 4.2 million square feet has already been delivered in the project, making Life Republic an established destination for Pune home buyers and currentlv home to 10,000 residents. The project has 4 million square feet of pre-approved development space by MAHAREM, and is expected to add another t0,ooo residents within three years. In FY19, sales of almost 0.9 million square feet were achieved at Life Republic and recent new launches/festive promotions continue to drive strong demand visibility among buyers. The total saleable area at Life republic is -20 million square feet, based on FSI of 1.0, which is currently incorporated in the project design plans. However, the total FSI potential of the project is 1.7 based on the integrated township norms.

Commenting on the response, llr, Gopal Sarda, Group CEO, Kolte-patil Developers *id, "We are very pleased with the response of home buyers to the 'ZABARDUS'campaign, having sold 500 units with a booking value of Rs. zos crore at Life Repubtic in just 3g days. we are thrilled to achieve such numbers in the sustenance phase of a project that too in ^a single location, It indicates our leadership position and brand equity in the pune market and the value proposition that we deliver across the spectrum of demand. we betieve the strong demand also reaffirms our confidence that resutted in the decision to buyout our private equity partner's share in Life Republic and expand Kotte-patil's ownership in the project to 95o/o. we now have visibility to deliver consisten y over the next many yeas, as sales volumes get executed through time-bound construction and translate into revenues and cash flows, creating long-term value for our shareholders based on the happy experiences of our rapidly expanding Life Republic community,"

About Kolte-Patil Developers Limited

Kolte-Patit Devetopers Ltd. (BSE: 532924, NSE: K)LTEPATIL), incorporated in 199f is a leading real estate company with dominant presence in the Pune residential market. The Company is guided by the simple, yet profound, philosophy of'creation, not construction,, Ko|te-Pati| is a trusted name with a reputation for high qualw standards, design uniqueness, transparency and for detivery of projects in a tlmely manner' The company has been creating tandmarks for over 28 years and has devetoped and constructed over 50 proiects including residential com,lexes, commercial complexes and tT Parks covering a saleabte area of -20 mi ion square feet across Pune' Mumbai and Bengaluru.

Kotte-Patil markets its prolects under two brands: 'Kolte-Patit' (addressing the mid-income segment) and'24K' (addressingthepremiumtuxurysegment),ThecomFnyhasexecutedprcjectsinmultiplesegments-standalone residentiat buildings and integrcted townships. severat of the company's pfoiects have been certified by the Indian Green Building Council UGBC),

consolidating its leadefship p7sition in Pune, the company forayed into the Munbai market in 2013 focusinq on low cagital intensive society re-devetopment projects, The company has already signed 12 proi&ts ti date at prime locations across the city.

The company,s tong-term bank debt and non-convertibte debentures have been rated'A+ / Positive'by cRIsIL. thehighestratingaccordedbycRlslLtoanypublicty|istedrcsidentialrealestateplayerinlndia'

For more details on Kofte-Patil Developers Ltd., visit wwr'! kolteoatil.com.

For further information, please contact:

cirish Zingade / vikram Raiput

Kolte-Patil OeveloPers Ltd., 501, The Capital, BKC, Bandra (E), Mumbai reti +9! 777 001 7399 I +91 960 799 6930 Email : girish.zingade@koltepatil.com vikra m. rajput@ koltePatil. com

Shiv Muttoo / Shruti Joshi CDR India Tel: +91 983 355 75721 +9L7506567349 Email: shiv@cdr-india.com shruti@cdr-india.com