Kolte-Patil signs a five-acre joint development project in Pune
Kolte-Patil Developers, 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 about 1.1-million-sq-ft residential project in Bhugaon, Pune, that has an expected gross developable value (GDV) of ₹850 crore.
The statement issued by Kolte-Patil added that 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 such as Bavdhan and Kothrud, and is adjacent to the Mumbai-Pune Expressway as well as Shivaji Nagar railway station.
Rajesh Patil, Managing Director, Kolte-Patil Developers, said, “This transaction aligns with our strategy to systematically strengthen our presence in high-potential micro-markets benefiting from evolving demand trends. This project in Bhugaon marks the next step in expanding our portfolio through capital-efficient partnerships”.
Patil added, “ 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 home-buyers.”
Published on January 14, 2026
