Kolte-Patil Developers Limited, a prominent Pune-based real estate developer with a strong presence in Mumbai and Bengaluru, has announced the acquisition of a ~7.5-acre land parcel in Bhugaon, Pune. The new project is expected to have a saleable area of around 1.9 million square feet, with a Gross Development Value (GDV) of approximately Rs 1,400 crore.
Bhugaon is rapidly emerging as a sought-after residential destination, thanks to its blend of natural surroundings and seamless urban connectivity. The land is strategically located near premium neighborhoods such as Bavdhan and Kothrud, adjacent to the Mumbai-Pune Expressway, and within easy reach of the Shivaji Nagar Railway Station.
The area also benefits from proximity to major employment hubs, making it an appealing choice for homebuyers. Residents will have convenient access to essential social infrastructure, including schools, hospitals, shopping malls, and entertainment centers, enhancing the overall attractiveness of the micro-market.
Rajesh Patil, Managing Director, Kolte-Patil Developers Limited, stated, “Foraying into a new high-potential micro-market through 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.”
