Kolte-Patil Acquires 7.5-Acre Land in Pune for Rs 1,400 Crore Housing Project
Kolte-Patil Developers has acquired a 7.5-acre land parcel in Bhugaon, Pune, to develop a housing project worth Rs 1,400 crore. The project will have an estimated saleable area of around 1.9 million square feet.
Real EstatePuneHousing ProjectLand AcquisitionKoltepatilReal Estate PuneOct 10, 2025
In a regulatory filing, Kolte-Patil Developers Ltd announced the acquisition of the 7.5-acre land parcel in Bhugaon, Pune. The upcoming project is expected to have an estimated saleable area of around 1.9 million square feet, making it a substantial addition to the company's portfolio. The gross development value (GDV) of the project is estimated to be about Rs 1,400 crore.
While the company did not disclose the name of the seller or the acquisition cost, the move is seen as a strategic investment in the growing real estate market of Pune. Kolte-Patil Developers has a strong track record in the real estate sector, having developed and constructed over 68 projects across various categories, including residential complexes, integrated townships, commercial complexes, and IT parks. These projects cover a saleable area of more than 30 million square feet, spread across key cities like Pune, Mumbai, and Bengaluru.
Kolte-Patil Developers is one of the leading real estate companies in the country, known for its high-quality projects and customer-centric approach. The acquisition of this land parcel in Bhugaon is expected to further solidify the company's position in the market and attract a diverse range of homebuyers and investors.
The real estate market in Pune has been witnessing significant growth over the past few years, driven by factors such as economic development, infrastructure improvements, and a growing population. The city has emerged as a preferred destination for both residential and commercial real estate, making it an attractive location for developers like Kolte-Patil.
The company's decision to invest in Bhugaon, a rapidly developing area in Pune, is a testament to its forward-thinking strategy and market insight. Bhugaon is known for its well-planned infrastructure and proximity to key commercial and residential areas, making it an ideal location for a high-value housing project.
Kolte-Patil Developers' new project in Bhugaon is expected to cater to a wide range of homebuyers, from first-time buyers to those looking for larger, more luxurious homes. The project will likely feature modern amenities and facilities, aligning with the company's reputation for delivering high-quality living spaces.
In conclusion, the acquisition of the 7.5-acre land parcel in Bhugaon by Kolte-Patil Developers is a significant step in the company's growth strategy. The Rs 1,400 crore project is expected to contribute to the company's revenue and further strengthen its presence in the Pune real estate market. With a strong track record and a focus on quality, Kolte-Patil Developers is well-positioned to deliver a successful and attractive housing project in Bhugaon.
Frequently Asked Questions
What is the value of the housing project in Bhugaon, Pune?
The housing project in Bhugaon, Pune, is valued at approximately Rs 1,400 crore.
How much land has Kolte-Patil Developers acquired in Bhugaon, Pune?
Kolte-Patil Developers has acquired a 7.5-acre land parcel in Bhugaon, Pune.
What is the estimated saleable area of the project?
The estimated saleable area of the project is around 1.9 million square feet.
What cities has Kolte-Patil Developers developed projects in?
Kolte-Patil Developers has developed projects in Pune, Mumbai, and Bengaluru.
What is the gross development value (GDV) of the project?
The gross development value (GDV) of the project is about Rs 1,400 crore.
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