Kolte-Patil Developers has signed a joint development agreement for a residential project spanning approximately 1.1 million sq ft on a ~5-acre land parcel in Bhugaon, Pune. The project has an estimated gross developable value (GDV) of around Rs 8.5 billion.

Bhugaon is emerging as a sought-after residential micro-market in Pune, offering a blend of natural surroundings and strong urban connectivity. The site is surrounded by established premium locations such as Bavdhan and Kothrud and benefits from proximity to the Mumbai–Pune Expressway and Shivaji Nagar railway station. The development is also close to major employment hubs and supported by advanced social infrastructure, including schools, hospitals, shopping centres and entertainment zones.

Commenting on the development, Rajesh Patil, Managing Director, Kolte-Patil Developers, said, “This transaction aligns with our strategy to systematically strengthen our presence in high-potential micro-markets benefitting from evolving demand trends. This project in Bhugaon marks the next step in expanding our portfolio through capital-efficient partnerships. We remain committed to creating highly amenitised, state-of-the-art residential spaces that deliver lasting value to customers. 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 homebuyers.”