Kolte-Patil Acquires 7.5-Acre Land in Bhugaon, Pune: A Strategic Move for Growth
Kolte-Patil Developers Limited, a leading real estate player in Pune, has acquired a 7.5-acre land parcel in Bhugaon, with an estimated saleable area of 1.9 million square feet and a Gross Development Value (GDV) of Rs. 1,400 crore. This move strengthens their presence in the rapidly developing Bhugaon area.
Real EstateLand AcquisitionBhugaonPuneKoltepatilReal Estate PuneOct 10, 2025
Bhugaon, Pune, is rapidly emerging as a sought-after residential destination, combining natural beauty with excellent urban connectivity. This prime land parcel is surrounded by premium localities such as Bavdhan and Kothrud, and is conveniently located near the Mumbai-Pune Expressway and the Shivaji Nagar Railway station. Additionally, the area is close to major employment hubs, making it an attractive choice for homebuyers. The project's location is further enhanced by its proximity to essential social infrastructure, including schools, hospitals, shopping malls, and entertainment hubs, which adds to the micro-market's appeal.
Commenting on the acquisition, Rajesh Patil, Managing Director of Kolte-Patil Developers Limited, stated, “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 driven by improving infrastructure and rising end-user interest, our presence in Bhugaon aligns with our strategy of delivering well-planned, value-driven developments. 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 enhance the quality of life.”
The acquisition is a strategic move by Kolte-Patil to capitalize on the growing real estate market in Bhugaon. The company's deep-rooted presence in Pune and its track record of delivering high-quality projects position it well to leverage the opportunities presented by this new micro-market. The development is expected to cater to the increasing demand for residential properties in the area, driven by the region's robust infrastructure and economic growth.
Kolte-Patil Developers Limited, founded over three decades ago, has established itself as a leading real estate developer in Western India. The company's portfolio includes a diverse range of residential, commercial, and retail projects, and it continues to expand its footprint across key cities. With this new acquisition, Kolte-Patil is poised to strengthen its market position and deliver value to its stakeholders.
Frequently Asked Questions
Why did Kolte-Patil choose Bhugaon for this acquisition?
Bhugaon is emerging as a desirable residential destination in Pune due to its natural surroundings, excellent urban connectivity, and proximity to major employment hubs and social infrastructure.
What is the estimated saleable area of the acquired land?
The acquired land parcel has an estimated saleable area of approximately 1.9 million square feet.
What is the Gross Development Value (GDV) of the project?
The Gross Development Value (GDV) of the project is estimated to be around Rs. 1,400 crore.
What are the key features of the Bhugaon micro-market?
Bhugaon is surrounded by premium localities like Bavdhan and Kothrud, and is close to the Mumbai-Pune Expressway, Shivaji Nagar Railway station, and essential social infrastructure such as schools, hospitals, and shopping malls.
What is Kolte-Patil's strategy for the Bhugaon project?
Kolte-Patil's strategy for the Bhugaon project is to deliver well-planned, value-driven developments that cater to the growing demand for residential properties in the area, driven by improving infrastructure and rising end-user interest.
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