On October 10, 2025, Kolte-Patil Developers Limited announced the acquisition of a 7.5-acre land parcel in Bhugaon, Pune. The project carries an estimated Gross Development Value (GDV) of ₹1,400 crore and offers a saleable area of approximately 1.9 million sq. ft. This acquisition marks another milestone in the company’s expansion strategy within Pune’s rapidly growing residential zones.
Bhugaon is emerging as one of Pune’s most desirable residential areas, thanks to its natural surroundings and strong urban connectivity. The acquired land is surrounded by prime localities such as Bavdhan and Kothrud, located near the Mumbai-Pune Expressway and close to the Shivaji Nagar Railway Station.
Proximity to employment hubs, schools, hospitals, and shopping centres enhances its potential as a preferred homebuyer destination. Kolte-Patil’s development in this micro-market aims to cater to growing end-user demand driven by infrastructure upgrades and lifestyle needs.
Commenting on the acquisition, Rajesh Patil, Managing Director of Kolte-Patil Developers Ltd., said that the move into Bhugaon reinforces the company’s presence in Pune’s high-growth corridor.
He noted that the outright purchase aligns with Kolte-Patil’s strategy of pursuing well-located, value-driven developments backed by over 30 years of expertise. The company continues to focus on creating sustainable, thoughtfully designed communities that enhance the quality of life for residents.
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Established in 1991, Kolte-Patil Developers Ltd. is among India’s leading real estate developers with strong operations across Pune, Mumbai, and Bengaluru. Recently, the company entered into a strategic partnership with Blackstone, which acquired a 40% stake through a two-phase transaction involving preferential and secondary share acquisitions. The developer has delivered over 68 projects covering more than 30 million sq. ft. of residential, commercial, and IT spaces. Kolte-Patil operates under two brands, namely ‘Kolte-Patil’ for mid-premium housing and ‘24K’ for luxury developments.
On October 10, 2025, Kolte-Patil Developers share price opened at ₹429.90 on NSE, above the previous close of ₹429.10. During the day, it surged to ₹437.45 and dipped to ₹427.25. The stock is trading at ₹432.80 as of 9:50 AM. The stock registered a moderate gain of 0.86%.
Over the past week, it has moved up by 1.35%, over the past month, it has declined by 6.93%, and over the past 3 months, it has declined by 7.87%.
The acquisition of the 7.5-acre Bhugaon land parcel underscores Kolte-Patil’s continued leadership in Pune’s real estate market. With a GDV of ₹1,400 crore and prime location advantages, the project strengthens the company’s long-term growth prospects while enhancing its presence in a fast-developing micro-market.
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Published on: Oct 10, 2025, 12:52 PM IST
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