Kolte-Patil Signs Pune JV For Rs 8.5 Billion GDV

19 Jan 2026 CW Team

Kolte-Patil Developers Limited has entered into a joint development agreement for a residential project in Bhugaon, Pune, strengthening its presence in one of the city’s fast-emerging suburban micro-markets.

Spread across approximately five acres, the proposed project will offer around 1 million sq ft of saleable residential space and carries an estimated gross development value (GDV) of Rs 8.5 billion.

Bhugaon is witnessing growing residential demand due to its blend of natural surroundings and expanding urban connectivity. The project site is surrounded by established neighbourhoods such as Bavdhan and Kothrud and benefits from proximity to the Mumbai–Pune Expressway as well as Shivaji Nagar railway station. The location also offers access to key social infrastructure including schools, hospitals, shopping destinations and entertainment hubs, making it attractive for homebuyers.

Commenting on the development, Mr Rajesh Patil, Managing Director, Kolte-Patil Developers Limited, said the transaction aligns with the company’s strategy to strengthen its footprint in high-potential residential micro-markets. He added that the Bhugaon project represents a step forward in expanding the firm’s capital-efficient partnership model while delivering well-designed homes tailored to evolving customer aspirations in Pune.

Real Estate

19 Jan 2026

Trident Realty Launches 125-Acre Integrated Township In Panipat

Trident Realty has announced the launch of Trident Parktown, a premium integrated township spread over approximately 125 acres in Sectors 19A and 40, Panipat. Marking the developer’s strategic entry into the city, the project involves a total planned investment of around Rs 12 billion.Phase 1 of Trident Parktown will offer over 400 residential plots, with sizes starting from 200 sq yds. The township is planned as a mixed-use development comprising residential plots, independent floors, group housing, and retail and commercial spaces, aimed at meeting the region’s evolving lifestyle and hou..

Concord Wins NTPC Order For World’s Largest Hydrogen Locomotive

Concord Control Systems has secured an order from NTPC Limited to develop the world’s largest 3,100 HP hydrogen-fuelled locomotive propulsion system, marking a global first in high-horsepower hydrogen rail technology. The Rs 470 million order has been awarded to Concord’s wholly owned subsidiary, Advance Rail Controls (ARCPL), in collaboration with Railway Engineering Works.The project will convert an existing diesel locomotive into a 3,100 HP hydrogen-powered engine, the highest-ever horsepower conversion globally. Until now, hydrogen rail systems internationally have been limited t..

Signature Global Signs Rs 380 Cr Pact for Seismic Safety Tech

Signature Global has signed a Rs 3.8 billion memorandum of understanding with Indo-Italian joint venture CECO Hirun to implement advanced earthquake-resistance technology across its projects over the next 15 years. The initiative is aimed at strengthening structural safety and occupant comfort in high-rise developments, particularly in seismic-prone regions such as Delhi-NCR, which falls under Seismic Zone IV.As Indian cities continue to grow vertically, buildings are increasingly exposed to dynamic forces including seismic activity, strong winds and temperature variations. To address these ch..