Kolte-Patil Developers Limited (BSE: 532924; NSE: KOLTEPATIL), a prominent real estate company headquartered in Pune with a strong presence across Mumbai and Bengaluru, has announced the acquisition of a land parcel spanning approximately 7.5 acres in Bhugaon, Pune. The project offers an estimated saleable area of around 1.9 million square feet and is expected to generate a Gross Development Value (GDV) of nearly ₹1,400 crore.
Bhugaon has rapidly evolved into one of Pune’s most sought-after residential destinations, offering a perfect blend of serene surroundings and urban convenience. The newly acquired site is strategically positioned near premium neighbourhoods such as Bavdhan and Kothrud, with seamless access to the Mumbai-Pune Expressway and proximity to Shivajinagar Railway Station. The location is also well-connected to major employment hubs and surrounded by robust social infrastructure, including reputed schools, hospitals, shopping centres, and entertainment avenues, enhancing its appeal among homebuyers.
Speaking about the acquisition, Mr. Rajesh Patil, Managing Director, Kolte-Patil Developers Limited, said, “This outright acquisition marks our entry into a promising micro-market and further deepens our footprint in Pune. The growing demand in Bhugaon, driven by infrastructural upgrades and increasing homeownership aspirations, makes it a strategic fit for our portfolio. Guided by over three decades of experience and our commitment to delivering value-driven, thoughtfully designed communities, this development will contribute to enhancing the quality of urban living.”
