Kolte-Patil to Develop 22-Acre Project in Pune

10 Feb 2025 CW Team

Kolte-Patil Developers Ltd has signed a joint development agreement with a landowner to develop a 22-acre residential/mixed-use project in Pune. The project, located in Wadgaon Khurd on Sinhagad Road, has an estimated Gross Developable Value (GDV) of Rs 40 billion ($480 million) and a saleable area of around 5 million square feet.

The Pune-based developer did not disclose the name of the landowner. The project falls within the Pune Municipal Corporation limits and aligns with the company’s ongoing expansion in key urban markets.

Kolte-Patil has delivered over 64 projects across Pune, Mumbai, and Bengaluru, covering more than 28 million square feet. Meanwhile, Pune’s housing market saw a 31% annual decline in sales to 18,240 units in Q4 2024, as per PropTiger. Additionally, a Gera Developments report noted that average residential property rates in Pune hit an all-time high of Rs 6,590 per square foot, marking an 11% annual rise in 2024. However, total housing sales dipped 5% to 90,127 units in the same year.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..