Pune-based listed real estate developer, Kolte Patil Developers, has announced the acquisition of a 7.5-acre land parcel in Bhugaon, near Pune, with an estimated Gross Development Value (GDV) of ₹1,400 crore. The company plans to develop a saleable area of approximately 1.9 million sq ft, signaling its entry into one of Pune’s fastest-emerging residential micro-markets.
Bhugaon is gaining prominence as a preferred residential destination due to its blend of natural surroundings and strong urban connectivity. The land parcel is strategically located near premium neighborhoods like Bavdhan and Kothrud, adjacent to the Mumbai-Pune Expressway, and within close proximity to the Shivaji Nagar Railway Station. The area also offers convenient access to major employment hubs, enhancing its attractiveness for homebuyers and investors.
Rajesh Patil, Managing Director of Kolte-Patil Developers, emphasized that the acquisition of the Bhugaon land represents a strategic expansion into a high-potential micro-market. He explained that the move strengthens the company’s presence in Pune and aligns with its strategy of delivering well-planned, value-driven residential projects, especially as demand grows due to improving infrastructure and rising end-user interest.
Kolte Patil highlighted its focus on developing thoughtfully planned communities. The company noted that, drawing on over three decades of experience and a deep understanding of evolving lifestyles, this new project reinforces its commitment to creating communities that enhance the overall quality of life.
The company also noted that the project site is conveniently located near essential social infrastructure, including schools, hospitals, shopping complexes, and entertainment hubs, which is expected to drive further demand.
Bhugaon’s rising potential is part of a broader trend in Pune, where residential projects are expanding into emerging micro-markets that combine green surroundings with robust connectivity. Analysts note that this approach caters to the growing preference among homebuyers for spacious, well-planned, and accessible neighborhoods.
This acquisition strengthens Kolte Patil’s presence in Pune and aligns with its strategy of delivering high-value residential developments. With the company’s track record of over three decades in the real estate market, this project is expected to attract both end-users and investors looking for long-term value in Pune’s residential landscape.
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