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.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..