Pune: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL) signed a joint development agreement for a ~1.1 million sq. ft. residential project in Bhugaon, Pune. (Kolte-Patil Developers Bhugaon Project)
The Kolte-Patil Developers Bhugaon project is spread across approximately 5 acres and carries an estimated Gross Developable Value (GDV) of around ₹850 crore.
Bhugaon has emerged as a promising residential micro-market in Pune, offering a blend of natural surroundings and strong urban connectivity.
Strategically located near established premium residential areas such as Bavdhan and Kothrud, the site also enjoys proximity to the Mumbai–Pune Expressway and Shivaji Nagar railway station.
This positioning provides residents with convenient access to key employment hubs as well as well-developed social infrastructure including schools, hospitals, shopping centres, and entertainment destinations.
Also Read: Pune Real Estate Market H2 2025 Driven by GCCs as Housing Enters Consolidation Phase
Kolte-Patil Developers Bhugaon Project Strengthens Presence in High-Potential Micro-Markets
Commenting on the development, Rajesh Patil, Managing Director, Kolte-Patil Developers Limited, said that the transaction aligns with the company’s strategy to systematically strengthen its footprint in high-potential micro-markets driven by evolving demand trends.
He noted that the Kolte-Patil Developers Bhugaon project represents a further step in expanding the company’s residential portfolio through capital-efficient joint development partnerships.
Patil added that the company remains focused on developing highly amenitized, state-of-the-art residential spaces that create long-term value for customers.
Leveraging Kolte-Patil Developers’ brand strength and market expertise, the company aims to deliver a thoughtfully designed residential offering that supports Pune’s urban growth and aligns with the expectations of contemporary homebuyers.
