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 a gross development value of Rs 1,400 crore. This strategic move strengthens their presence in the city and aligns with their vision of creating value-driven developments.
PuneReal EstateBhugaonKoltepatil DevelopersLand AcquisitionReal Estate PuneOct 10, 2025
Bhugaon, a rapidly growing suburb of Pune, is becoming a sought-after residential destination due to its natural surroundings and excellent urban connectivity. The land parcel is surrounded by premium localities such as Bavdhan and Kothrud. It is also adjacent to the Mumbai-Pune Expressway and close to the Shivaji Nagar Railway Station, making it highly accessible. Additionally, the area is near major employment hubs, schools, hospitals, shopping malls, and entertainment centers, enhancing its appeal to homebuyers.
Rajesh Patil, Managing Director of Kolte-Patil Developers, expressed his enthusiasm about the acquisition: '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. 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 better quality of life.'
Kolte-Patil Developers is a prominent name in the real estate sector, known for its diverse project portfolio. The company operates in the affordable, mid-income, and luxury residential segments through its brands, Kolte-Patil and 24K. They have successfully developed and constructed over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT parks, covering a saleable area of over 30 million square feet across Pune, Mumbai, and Bengaluru.
Despite the positive acquisition, the company reported a consolidated net loss of Rs 16.99 crore in Q1 FY26, compared to a net profit of Rs 6.23 crore in the same quarter last year. Revenue from operations also declined by 75.8% YoY to Rs 82.36 crore in the quarter ended 30 September 2025. However, the scrip saw a slight rise of 0.31% to Rs 430.45 on the BSE, indicating market confidence in the company's future prospects.
The acquisition in Bhugaon is a strategic move that positions Kolte-Patil Developers to tap into the growing demand for high-quality residential properties in Pune. With a strong focus on delivering value and a deep understanding of the local market, the company is well-equipped to capitalize on the opportunities presented by this prime location.
Frequently Asked Questions
What is the size of the land parcel acquired by Kolte-Patil Developers in Bhugaon, Pune?
Kolte-Patil Developers has acquired a 7.5-acre land parcel in Bhugaon, Pune.
What is the estimated gross development value (GDV) of the acquired land?
The estimated gross development value (GDV) of the acquired land is Rs 1,400 crore.
Where is Bhugaon located in relation to other prominent areas in Pune?
Bhugaon is located near premium localities such as Bavdhan and Kothrud, adjacent to the Mumbai-Pune Expressway, and close to the Shivaji Nagar Railway Station.
What are the key features of the micro-market in Bhugaon that make it attractive for residential development?
Bhugaon is attractive for residential development due to its natural surroundings, excellent urban connectivity, proximity to major employment hubs, and access to social infrastructure like schools, hospitals, and shopping malls.
What are the company's financial results in the recent quarter?
Kolte-Patil Developers reported a consolidated net loss of Rs 16.99 crore in Q1 FY26, compared to a net profit of Rs 6.23 crore in the same quarter last year. Revenue from operations fell 75.8% YoY to Rs 82.36 crore in the quarter ended 30 September 2025.
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