Kolte Patil Developers Acquires Strategic 7.5-Acre Land in Bhugaon, Pune
Kolte Patil Developers, a leading real estate developer in Pune, has acquired a 7.5-acre land parcel in Bhugaon with an estimated saleable potential of 1.9 million sq ft and a Gross Development Value (GDV) of ₹1,400 crore.
Real EstatePuneLand AcquisitionBhugaonKolte PatilReal EstateOct 10, 2025
According to the company, the land parcel has an estimated saleable area of 1.9 million sq ft. The company, in a statement, said Bhugaon, Pune, is emerging as a desirable residential destination, with a blend of natural surroundings and excellent urban connectivity.
This land parcel is surrounded by premium localities like Bavdhan and Kothrud, adjacent to the Mumbai-Pune Expressway and close to the Shivaji Nagar Railway station. Major employment hubs are located nearby, making it an attractive choice for homebuyers.
Foraying into a new high-potential micro-market through the 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, said Rajesh Patil, Managing Director, Kolte-Patil Developers Limited.
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 a better quality of life, Patil added.
The project is conveniently located near social infrastructure, including schools, hospitals, shopping malls, and entertainment hubs, which enhances the attractiveness of the micro-market. This strategic acquisition is expected to further solidify Kolte Patil's position in the Pune real estate market and cater to the growing demand for quality residential properties.
Kolte Patil Developers has a strong reputation in the real estate sector, known for its well-planned and sustainable developments. The acquisition of this land parcel in Bhugaon is a significant step towards expanding their portfolio and meeting the increasing demand for modern, well-connected residential areas in Pune.
Frequently Asked Questions
What is the size of the land parcel acquired by Kolte Patil in Bhugaon?
Kolte Patil has acquired a 7.5-acre land parcel in Bhugaon, near Pune.
What is the estimated saleable area of the land parcel?
The land parcel has an estimated saleable area of 1.9 million sq ft.
What is the Gross Development Value (GDV) of the land parcel?
The Gross Development Value (GDV) of the land parcel is ₹1,400 crore.
What are the key features of the Bhugaon micro-market?
Bhugaon is surrounded by premium localities like Bavdhan and Kothrud, adjacent to the Mumbai-Pune Expressway, and close to the Shivaji Nagar Railway station. It also has proximity to major employment hubs and social infrastructure.
Who is the Managing Director of Kolte Patil Developers Limited?
Rajesh Patil is the Managing Director of Kolte Patil Developers Limited.
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