Kolte-Patil Developers Acquires 7.5-Acre Land in Pune for Rs 1,400 Crore Housing Project
Kolte-Patil Developers Ltd has acquired a 7.5-acre land parcel in Bhugaon, Pune, to develop a housing project worth approximately Rs 1,400 crore. The project is expected to cover an estimated saleable area of around 1.9 million square feet.
Real EstateHousing ProjectPuneKoltepatil DevelopersLand AcquisitionReal Estate NewsOct 10, 2025
In a regulatory filing on Friday, Kolte-Patil Developers announced the acquisition of the land parcel. The company, however, did not disclose the name of the seller or the acquisition cost. The upcoming project is expected to have an estimated saleable area of around 1.9 million square feet, with a gross development value (GDV) of about Rs 1,400 crore.
Kolte-Patil Developers is a Pune-based company with a strong track record in the real estate sector. Over the years, the company has developed and constructed over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT parks. These projects cover a saleable area of more than 30 million square feet across key cities such as Pune, Mumbai, and Bengaluru.
The acquisition of the 7.5-acre land parcel in Bhugaon is a significant step for Kolte-Patil Developers. It aligns with the company's strategy to capitalize on the growing demand for residential properties in Pune, a city known for its robust economy and high quality of life. The project is expected to attract a wide range of homebuyers, from first-time buyers to investors looking for high returns.
Pune has been experiencing rapid urbanization and economic growth, making it an attractive market for real estate developers. The city's infrastructure, including road networks, public transportation, and amenities, has been steadily improving, further enhancing its appeal to residents and businesses alike. Kolte-Patil Developers' new housing project is poised to benefit from these favorable conditions, offering high-quality living spaces that meet the diverse needs of the local population.
The company's commitment to sustainable development and innovation is evident in its past projects. Kolte-Patil Developers has consistently focused on creating communities that are not only aesthetically pleasing but also environmentally friendly. The new housing project in Bhugaon is expected to follow this tradition, incorporating modern design elements and sustainable building practices to ensure a comfortable and sustainable living environment for its residents.
In conclusion, the acquisition of the 7.5-acre land parcel in Bhugaon by Kolte-Patil Developers marks a significant milestone in the company's growth journey. The Rs 1,400 crore housing project is set to contribute to the development of Pune's real estate market, providing high-quality residential options and further solidifying Kolte-Patil Developers' position as a leading player in the industry.
Frequently Asked Questions
What is the estimated saleable area of the new housing project by Kolte-Patil Developers?
The estimated saleable area of the new housing project by Kolte-Patil Developers is around 1.9 million square feet.
What is the gross development value (GDV) of the housing project?
The gross development value (GDV) of the housing project is about Rs 1,400 crore.
Where is the 7.5-acre land parcel located?
The 7.5-acre land parcel is located in Bhugaon, Pune.
How many projects has Kolte-Patil Developers completed so far?
Kolte-Patil Developers has completed over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT parks.
What cities does Kolte-Patil Developers operate in?
Kolte-Patil Developers operates in key cities such as Pune, Mumbai, and Bengaluru.
Related News Articles
Tier-2 Cities Witness 10-15% Growth in Property Prices, Outperforming Metros
Tier-2 cities in India are rapidly closing the gap with Tier-1 cities, driven by economic diversification, rising consumer demand, and reverse migration patterns.
Boosting India's Real Estate Sector: Expectations from Union Budget 2024-25
Industry experts emphasize the need for enhanced tax incentives, single window clearance, and infrastructure development to drive growth and stability in the real estate sector.
Bajaj Housing Finance Q2 FY25: Profit Rises 21% YoY to Rs 546 Crore, Revenue Up 26%
Earlier in the day, Bajaj Housing shares settled 1.97 percent lower at Rs 136.55.
Trump Towers: A Project Set to Revolutionize the Indian Real Estate Market
As the Indian real estate market continues to evolve, one of the most ambitious projects on the horizon is Trump Towers. Licensed partner in India reveals plans to generate ₹15,000 crore in sales over the next 4-6 years, making it a landmark development i
India's Luxury Housing Market Booms: A ₹279,000 Crore Surge
India's luxury housing market is witnessing a significant surge, driven by affluent buyers who are increasingly seeking exclusivity and high-end living. Key cities like Mumbai, Delhi-NCR, and Bengaluru are leading this trend, with a substantial increase i
10 Lakhs in Bengaluru, Mumbai, and Delhi: What You Can Buy in the Real Estate Market
Discover what 10 lakhs can get you in the real estate markets of Bengaluru, Mumbai, and Delhi, according to a recent report by Knight Frank. Explore the current property trends and investment opportunities in these major Indian cities.