PLANET SMART CITY CREATES PLATFORM WITH KOLTE-PATIL DEVELOPERS
Planet Smart City, the global leader in smart affordable housing has extended its exclusive partnership with Pune-based Kolte-Patil Developers, to propel Planet's Indian business over the next 3 years. The expansion will focus on a collaborative residential development platform consisting of projects and homes that promote aspirational living with digital and social innovation-led smart solutions
Planet Smart City, the global leader in smart affordable housing has extended its exclusive partnership with Pune-based Kolte-Patil Developers, to propel Planet's Indian business over the next 3 years.
The expansion will focus on a collaborative residential development platform consisting of projects and homes that promote aspirational living with digital and social innovation-led smart solutions to enable a better living experience for residents.
Building upon the success of its first co-development in Pune, 'Universe', Planet and Kolte-Patil plan to add several projects to the platform over the next three years in Mumbai, Pune, and Bengaluru with an aim to co-develop a minimum of 15,000 housing units. With a growing population, India currently has one of the top five most pronounced housing shortages in the world. Every minute, 30 people migrate from rural to urban India. In 2011, only 30% of India's population lived in urban areas, however, this percentage is expected to go up to 40% and the number of people living in Indian cities is expected to reach a whopping 630 million by 2030.
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