Kolte‑Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL), one of Pune’s most trusted real estate companies with a growing presence in Mumbai and Bengaluru, announced the signing of a joint development agreement for a ~5‑acre land parcel in Bhugaon, Pune. The project, spread across ~1.1 million sq. ft., carries an estimated Gross Developable Value (GDV) of approximately ₹850 crore.
Bhugaon has emerged as a sought‑after residential destination, blending natural surroundings with strong urban connectivity. The site is strategically located near premium markets such as Bavdhan and Kothrud, with direct access to the Mumbai–Pune Expressway and proximity to Shivaji Nagar railway station. The project is expected to benefit from its closeness to major employment hubs and advanced social infrastructure including schools, hospitals, shopping malls, and entertainment centers.
Commenting on the development, Mr. Rajesh Patil, Managing Director, Kolte‑Patil Developers Limited, said: “This transaction aligns with our strategy to systematically strengthen our presence in high‑potential micro‑markets benefitting from evolving demand trends. This project in Bhugaon marks the next step in expanding our portfolio through capital‑efficient partnerships. We remain committed to creating highly amenitized state‑of‑the‑art residential spaces that deliver lasting value to customers. Leveraging our strong brand value and market expertise, we aim to develop a thoughtfully designed offering that supports Pune’s urban growth and meets the aspirations of today’s homebuyers.”
The Bhugaon project adds to Kolte‑Patil’s expanding portfolio in Pune’s western corridor, reinforcing its focus on capital‑efficient growth and customer‑centric development. With Pune’s housing demand continuing to rise, especially in well‑connected emerging locations, the company expects this project to strengthen its position in one of the city’s most promising micro‑markets.
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