Kolte-Patil Developers Acquires 7.5-Acre Land in Pune for Rs 1,400 Crore Project
Kolte-Patil Developers, a leading real estate firm, has acquired 7.5 acres of land in Bhugaon, Pune, to develop a housing project worth Rs 1,400 crore. The project will cover an estimated saleable area of 1.9 million square feet.
Real EstatePuneKoltepatil DevelopersHousing ProjectLand AcquisitionReal EstateOct 10, 2025
In a regulatory filing, the company announced the acquisition of the land parcel in Bhugaon, Pune. While the company did not disclose the name of the seller or the acquisition cost, the move underscores Kolte-Patil's commitment to expanding its portfolio in the lucrative Pune real estate market.
Kolte-Patil has a rich history of developing and constructing over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT Parks. These projects span a saleable area of more than 30 million square feet across major cities such as Pune, Mumbai, and Bengaluru. The company's expertise and track record make it a trusted name in the real estate sector.
The new project in Bhugaon is expected to further solidify Kolte-Patil's position in the market. With the increasing demand for quality housing in Pune, the project is likely to attract a significant number of homebuyers. The company's focus on delivering high-quality residential and commercial spaces has been a key factor in its success.
Pune, known for its robust IT and educational sectors, continues to be a preferred destination for both residential and commercial real estate investments. The city's infrastructure development, coupled with a growing population, has driven the demand for new housing projects. Kolte-Patil's latest acquisition is a strategic move to capitalize on this trend and meet the rising demand for quality living spaces.
The project is expected to commence soon, with detailed plans and timelines to be announced in the coming months. Kolte-Patil's commitment to sustainability and innovation in real estate development will be reflected in the design and construction of the new housing project. The company is known for its focus on creating communities that offer a high quality of life, with modern amenities and green spaces.
In conclusion, the acquisition of 7.5 acres of land in Bhugaon, Pune, by Kolte-Patil Developers is a significant step in the company's growth strategy. The Rs 1,400 crore project is poised to contribute to the development of Pune's real estate market and provide quality housing options for the city's residents.
Frequently Asked Questions
What is the estimated saleable area of the new housing project?
The new housing project in Bhugaon, Pune, is expected to have an estimated saleable area of around 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 about Rs 1,400 crore.
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.
In which cities has Kolte-Patil Developers developed projects?
Kolte-Patil Developers has developed projects in major cities such as Pune, Mumbai, and Bengaluru.
What is the significance of the new project in Bhugaon, Pune?
The new project in Bhugaon, Pune, is significant as it aims to meet the growing demand for quality housing in the city, further solidifying Kolte-Patil's position in the real estate market.
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