Kolte-Patil Signs 22-Acre Joint Development Project in Pune: Expected GDV of ₹4,000 Crore

Kolte-Patil Developers Limited, a well-established real estate player in Pune, Mumbai, and Bengaluru, has announced a joint development agreement for a new residential/mixed-use project in Pune. Located in Wadgaon Khurd, Sinhagad Road, this project is set to span approximately 22 acres and has an expected Gross Development Value (GDV) of ₹4,000 crore.

The share price of Kolte-Patil Developers reached an intraday high of ₹322 at 10:18 AM on February 7, 2025.

Strategic Location with Excellent Connectivity

The new development is strategically positioned within the Pune Municipal Corporation limits in the South-West region of the city. The location offers multiple advantages:

• Scenic Surroundings – The project is near the Mutha River, offering picturesque views.
• Unobstructed Green Spaces – A reserved garden to the south ensures open views.
• Upcoming Infrastructure – A proposed 90-meter-wide ring road along the western boundary adds future connectivity.
• Proximity to Key Amenities – Schools, hospitals, shopping malls, and entertainment hubs are all within a 2-kilometre radius.

Vision for Urban Growth and Sustainability

Commenting on the project, Yash Patil, Joint Managing Director of Kolte-Patil Developers, stated: “Pune’s real estate landscape continues to evolve, presenting significant opportunities for well-planned, high-quality developments. By leveraging our deep local expertise and strong brand equity, we are strengthening our presence in high-potential areas while shaping Pune’s urban future.”

The project is part of Kolte-Patil’s broader expansion strategy, focusing on community-centric developments that align with the city’s growing housing demand.

A Major Milestone in Pune’s Real Estate Market

Atul Bohra, Group CEO of Kolte-Patil Developers, described the project as a significant milestone: “This large-scale development of ~5 million square feet reinforces our leadership in Pune’s real estate market. With strong connectivity and essential infrastructure nearby, this project aligns with our vision of creating sustainable, high-quality living spaces.”

With Pune’s real estate market witnessing strong demand, this development is expected to cater to homebuyers looking for a blend of modern living and accessibility.

About Kolte-Patil Developers

Founded in 1991, Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL) has established itself as a prominent real estate developer. The company has developed over 28 million square feet of residential, commercial, and integrated township projects. Its stronghold in Pune is complemented by expansions into Mumbai and Bengaluru, with a focus on society redevelopment projects in Mumbai.

The company has received several industry recognitions, including:

• Times Power Brand – Legacy Brand in Real Estate (2023)
• ET Business Awards – Most Iconic Luxury Brand in Real Estate (2022)
• Asia Pacific Property Awards (2021)

Kolte-Patil maintains financial stability, with one of the lowest debt levels in the sector and a CRISIL AA-/Stable rating.

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