Kolte Patil Developers Acquires 7.5-Acre Bhugaon Land for ₹1,400 Crore Development
Pune-based real estate developer, Kolte Patil Developers, has acquired a 7.5-acre land parcel in Bhugaon, near Pune, with an estimated Gross Development Value (GDV) of ₹1,400 crore. The company plans to develop a saleable area of approximately 1.9 million sq ft in one of Pune’s fastest-emerging residential micro-markets.
Real EstateKolte Patil DevelopersBhugaonPuneResidential DevelopmentReal Estate PuneOct 10, 2025
Bhugaon is gaining prominence as a preferred residential destination due to its blend of natural surroundings and strong urban connectivity. The land parcel is strategically located near premium neighborhoods like Bavdhan and Kothrud, adjacent to the Mumbai-Pune Expressway, and within close proximity to the Shivaji Nagar Railway Station. The area also offers convenient access to major employment hubs, enhancing its attractiveness for homebuyers and investors.
Rajesh Patil, Managing Director of Kolte-Patil Developers, emphasized that the acquisition of the Bhugaon land represents a strategic expansion into a high-potential micro-market. He explained that the move strengthens the company’s presence in Pune and aligns with its strategy of delivering well-planned, value-driven residential projects, especially as demand grows due to improving infrastructure and rising end-user interest.
Kolte Patil highlighted its focus on developing thoughtfully planned communities. The company noted that, drawing on over three decades of experience and a deep understanding of evolving lifestyles, this new project reinforces its commitment to creating communities that enhance the overall quality of life.
The company also noted that the project site is conveniently located near essential social infrastructure, including schools, hospitals, shopping complexes, and entertainment hubs, which is expected to drive further demand.
Bhugaon’s rising potential is part of a broader trend in Pune, where residential projects are expanding into emerging micro-markets that combine green surroundings with robust connectivity. Analysts note that this approach caters to the growing preference among homebuyers for spacious, well-planned, and accessible neighborhoods.
This acquisition strengthens Kolte Patil’s presence in Pune and aligns with its strategy of delivering high-value residential developments. With the company’s track record of over three decades in the real estate market, this project is expected to attract both end-users and investors looking for long-term value in Pune’s residential landscape.
Frequently Asked Questions
Where is the 7.5-acre land parcel located?
The 7.5-acre land parcel is located in Bhugaon, near Pune.
What is the estimated Gross Development Value (GDV) of the project?
The estimated Gross Development Value (GDV) of the project is ₹1,400 crore.
What is the planned saleable area of the project?
The planned saleable area of the project is approximately 1.9 million sq ft.
Who is the Managing Director of Kolte-Patil Developers?
Rajesh Patil is the Managing Director of Kolte-Patil Developers.
What are the key features of Bhugaon that make it an attractive residential destination?
Bhugaon is an attractive residential destination due to its blend of natural surroundings, strong urban connectivity, proximity to premium neighborhoods like Bavdhan and Kothrud, and convenient access to major employment hubs.
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