Pune: Kolte-Patil signs 5-acre joint development project in Bhugaon; Estimated GDV of the project Rs. 850 Crore
Pune, 14 January 2026: Kolte-Patil Developers Limited, a Pune-based real estate player with a diversified presence in Mumbai and Bengaluru, announced that the Company has signed a joint development deal for approximately 1.1 million sq. ft. residential project in Bhugaon, Pune that has an expected Gross Developable Value (GDV) of Rs. 850 crore.
Bhugaon, is an emerging residential destination in Pune, blending natural flora and fauna with excellent urban connectivity. This land parcel is surrounded by established premium markets like Bavdhan and Kothrud and is adjacent to the Mumbai-Pune Expressway as well as Shivaji Nagar railway station. The project is set to benefit from being in close proximity to large employment hubs as well as the access to advanced social infrastructure comprising schools, hospitals, shopping malls and entertainment hubs making this a very unique and attractive proposition.
Commenting on the development, Mr. Rajesh Patil, Managing Director, Kolte-Patil Developers Limited said, “This transaction aligns with our strategy to systematically strengthen our presence in high-potential micro-markets benefitting from evolving demand trends. This project in Bhugaon marks the next step in expanding our portfolio through capital-efficient partnerships. We remain committed to creating highly amenitized state-of-the-art residential spaces that deliver lasting value to customers. Leveraging our strong brand value and market expertise, we aim to develop a thoughtfully designed offering that supports Pune’s urban growth and meets the aspirations of today’s homebuyers.”
Press Release Disclaimer: This press release is issued for informational purposes only and is published as is provided by Kolte-Patil Developers Limited. The publisher is not responsible for the accuracy, completeness, or reliability of the information contained herein. Readers are advised to verify details independently before making any decisions based on this announcement.
