<?xml version="1.0" encoding="UTF-8" standalone="no"?><xbrli:xbrl xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-02-28/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Takeover_Open_Offer_Post_Tendering_Phase/2023-02-28/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Takeover_Open_Offer_Post_Tendering_Phase/2023-02-28/in-capmkt-roles" xmlns:in-capmkt-type="https://www.sebi.gov.in/xbrl/2023-01-31/in-capmkt-types" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xl="http://www.xbrl.org/2003/XLink" xmlns:xlink="http://www.w3.org/1999/xlink"><link:schemaRef xlink:href="in-capmkt-ent-2023-02-28.xsd" xlink:type="simple"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE094I01018</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2025-09-16</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="MainD"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ISIN">INE094I01018</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2025-09-16</xbrli:startDate><xbrli:endDate>2025-09-16</xbrli:endDate></xbrli:period></xbrli:context><xbrli:unit id="shares"><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unit><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><xbrli:unit id="INRPerShare"><xbrli:divide><xbrli:unitNumerator><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unitNumerator><xbrli:unitDenominator><xbrli:measure>xbrli:shares</xbrli:measure></xbrli:unitDenominator></xbrli:divide></xbrli:unit><xbrli:unit id="pure"><xbrli:measure>xbrli:pure</xbrli:measure></xbrli:unit><in-capmkt:NameOfTargetCompany contextRef="MainI">Kolte - Patil Developers Limited</in-capmkt:NameOfTargetCompany><in-capmkt:ISINOfTargetCompany contextRef="MainI">INE094I01018</in-capmkt:ISINOfTargetCompany><in-capmkt:CorporateIdentityNumberOfTargetCompany contextRef="MainD">L45200PN1991PLC129428</in-capmkt:CorporateIdentityNumberOfTargetCompany><in-capmkt:PermanentAccountNumberOfTargetCompany contextRef="MainD">AAACK7310G</in-capmkt:PermanentAccountNumberOfTargetCompany><in-capmkt:NumberOfSharesFullyPaidUpAcquiredInOffer contextRef="MainI" decimals="INF" unitRef="shares">614</in-capmkt:NumberOfSharesFullyPaidUpAcquiredInOffer><in-capmkt:NumberOfSharesPartlyPaidUpAcquiredInOffer contextRef="MainI" decimals="INF" unitRef="shares">0</in-capmkt:NumberOfSharesPartlyPaidUpAcquiredInOffer><in-capmkt:OfferPricePerShareFullyPaidUp contextRef="MainD" decimals="INF" unitRef="INRPerShare">329</in-capmkt:OfferPricePerShareFullyPaidUp><in-capmkt:OfferPricePerSharePartlyPaidUp contextRef="MainD" decimals="INF" unitRef="INRPerShare">0</in-capmkt:OfferPricePerSharePartlyPaidUp><in-capmkt:DateOfPaymentOrSettlement contextRef="MainI">2025-09-12</in-capmkt:DateOfPaymentOrSettlement><in-capmkt:AmountOfConsiderationPaidInOpenOffer contextRef="MainD" decimals="1" unitRef="INR">0.2</in-capmkt:AmountOfConsiderationPaidInOpenOffer><in-capmkt:DetailOfInterestPaidDueToDelayInPayment contextRef="MainD" decimals="0" unitRef="INR">0</in-capmkt:DetailOfInterestPaidDueToDelayInPayment><in-capmkt:NumberOfSharesPostOfferShareholdingOfAcquirerAndPAC contextRef="MainI" decimals="INF" unitRef="shares">35472652</in-capmkt:NumberOfSharesPostOfferShareholdingOfAcquirerAndPAC><in-capmkt:DateOfSubmissionForTakeoverPostTenderingPhase contextRef="MainI">2025-09-16</in-capmkt:DateOfSubmissionForTakeoverPostTenderingPhase><in-capmkt:TotalPercentageOfSharesFullyPaidUpAcquiredInOffer contextRef="MainI" decimals="INF" unitRef="pure">0</in-capmkt:TotalPercentageOfSharesFullyPaidUpAcquiredInOffer><in-capmkt:TotalPercentageOfSharesPartlyPaidUpAcquiredInOffer contextRef="MainI" decimals="INF" unitRef="pure">0</in-capmkt:TotalPercentageOfSharesPartlyPaidUpAcquiredInOffer><in-capmkt:PercentageOfSharesPostOfferShareholdingOfAcquirerAndPAC contextRef="MainI" decimals="INF" unitRef="pure">0.4</in-capmkt:PercentageOfSharesPostOfferShareholdingOfAcquirerAndPAC></xbrli:xbrl>