Pune: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL) has announced the acquisition of a prime 7.5-acre land parcel in Bhugaon, Pune.
The Kolte-Patil Bhugaon Project will feature an estimated saleable area of approximately 1.9 million sq. ft., with a Gross Development Value (GDV) of nearly ₹1,400 crore.
The Kolte-Patil Bhugaon Project marks the company’s expansion into a high-potential micro-market that offers the perfect balance of nature and connectivity. Surrounded by premium neighbourhoods such as Bavdhan and Kothrud, the site enjoys excellent connectivity via the Mumbai-Pune Expressway and easy access to the Shivaji Nagar Railway Station.
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Bhugaon’s proximity to major employment hubs, educational institutions, hospitals, malls, and entertainment centres enhances its attractiveness as a preferred residential destination in West Pune.
Kolte-Patil Bhugaon Project: Strategic Expansion in a Growth Corridor
Rajesh Patil, Managing Director, Kolte-Patil Developers Limited, said, “Foraying into a new high-potential micro-market through outright acquisition of this strategically located land in Bhugaon strengthens our presence in Pune. With growing demand accelerated by improving infrastructure and rising end-user interest, our presence in Bhugaon aligns with our strategy of delivering well-planned, value-driven developments.
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Backed by our deep understanding of evolving lifestyles and a legacy of over three decades, this addition reinforces our commitment to creating thoughtful communities that enable better quality of life.”
Kolte-Patil Developers, known for its strong brand presence and timely project execution, continues to focus on strategic land acquisitions and developments across Pune, Mumbai, and Bengaluru, strengthening its leadership position in the Indian real estate sector.
