Kolte Patil Developers, a real estate developer engaged in residential and commercial projects, recently announced its collaboration with Porcelanosa Group, marking the European brand's entry into the Indian market through Luxury properties in Pune, India. Porcelanosa Group, a leader in its category and one of Spain's most reputable company with 40 years of experience in Tiles, Ceramics and Fittings, will bring its core expertise in porcelain and ceramics with its flagship brand PORCELANOSA. 24K's association with the Group will also extend to two premier brands - GAMADECOR and NOKEN.
The association between the brands was conceived with the thought of creating a reservoir of luxury, style and a premium lifestyle experience. The Europe-based ceramics company known globally for their innovation in design and finesse in manufacturing will be associating with the real estate developers for their Luxury destination - 24K Province, which comprises of five residential and two commercial projects.
Nirmal Kolte, project director of Kolte Patil Developers who spearheaded the collaboration with Porcelanosa Group says, ''Pune has witnessed tremendous growth in Real estate over the past decade, and past few years have seen substantial increase in the demand of Luxury homes. To serve that demand, we launched the brand 24K. Following the 24K design thinking philosophy, we are partnering with the best brands for our consumer. Our exclusive association with Porcelanosa Group, Europe's leading international brand for flooring, tiles and bathroom fittings, is the first step in staying true to our philosophy. With the launch of this association through 24K Province, we are sure that our customers will be delighted with these beautiful products while others will have something to envy.''
Speaking about the collaboration, Jimmy D'Heer, corporate product manager -Porcelanosa Group adds, ''We see in KPDL our perfect partner because we share the same values in terms of quality standards, design aesthetics, feel of luxury and the constant drive for care for detail in everything we do. The 24K concept materializes the vast majority of our brand values.''
Shares of the company gained Rs 3.05, or 1.56%, to trade at Rs 198.05. The total volume of shares traded was 57,128 at the BSE (1.10 p.m., Wednesday).