Kolte-Patil Developers Secures 7.5-Acre Land in Pune's Bhugaon for Major Residential Project
Kolte-Patil Developers Ltd, a leading real estate company based in Pune, has acquired a 7.5-acre land parcel in Bhugaon, marking its entry into a new micro-market. The project is expected to generate a Gross Development Value (GDV) of Rs 1,400 crore.
Real EstateLand AcquisitionPuneBhugaonKoltepatil DevelopersReal Estate PuneOct 10, 2025
The acquisition marks Kolte-Patil Developers' strategic entry into a new micro-market, further solidifying its presence in Pune. Rajesh Patil, Managing Director of Kolte-Patil Developers Ltd, highlighted the significance of this acquisition. “With demand supported by infrastructure improvements and increasing end-user interest, our presence in Bhugaon aligns with our strategy of expanding through planned, value-focused developments,” he said.
Kolte-Patil Developers has been actively involved in key suburbs of Pune and has recently expanded its redevelopment and mixed-use portfolio in Mumbai. The Bhugaon acquisition is expected to enhance the company’s project pipeline in Pune, which continues to experience steady residential demand. This demand is driven by connectivity upgrades and the growth of the IT and services sectors in the region.
The company’s strategic move into Bhugaon is part of its broader vision to capitalize on the growing real estate market in Pune. Bhugaon, known for its developing infrastructure and proximity to key industrial and commercial hubs, is becoming an attractive location for residential and commercial developments. The acquisition is expected to not only boost the company’s portfolio but also contribute to the overall development of the Bhugaon area.
Kolte-Patil Developers has a strong track record of delivering high-quality projects across Mumbai and Bengaluru, and this new acquisition in Bhugaon is poised to continue that tradition. The company’s commitment to sustainable and value-focused developments is expected to resonate well with both end-users and investors in the region.
With the ongoing infrastructure improvements and the rising demand for residential properties, Bhugaon is poised to become a key growth area in Pune. Kolte-Patil Developers’ entry into this market is a strategic move that aligns with the company’s long-term growth plans and its commitment to providing quality living spaces for its customers.
Frequently Asked Questions
What is the size of the land parcel acquired by Kolte-Patil Developers in Bhugaon?
Kolte-Patil Developers has acquired a 7.5-acre land parcel in Bhugaon, Pune.
What is the estimated Gross Development Value (GDV) of the new project in Bhugaon?
The project is expected to generate a Gross Development Value (GDV) of around Rs 1,400 crore.
Who is the Managing Director of Kolte-Patil Developers Ltd?
Rajesh Patil is the Managing Director of Kolte-Patil Developers Ltd.
What are the key factors driving the residential demand in Bhugaon?
The key factors driving residential demand in Bhugaon include infrastructure improvements, proximity to industrial and commercial hubs, and growth in the IT and services sectors.
What other cities does Kolte-Patil Developers operate in besides Pune?
Kolte-Patil Developers operates in Mumbai and Bengaluru, in addition to Pune.
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