Acquires 7.5 - acre land parcel in Bhugaon, Pune. - Kolte Patil Developers Ltd

Code BSE: 532924 NSE:

Kolte-Patil Developers Limited announced that the company has acquired a 7.5-acre land parcel in Bhugaon, Pune, with an estimated saleable area of 1.9 million square feet and a Gross Development Value (GDV) of Rs. 1,400 crore. Commenting on the development, Mr. Rajesh Patil, Managing Director, Kolte-Patil Developers Limited said, “Foraying into a new high-potential micro-market through outright acquisition of this strategically located land in Bhugaon strengthens our presence in Pune. With growing demand accelerated by improving infrastructure and rising end-user interest, our presence in Bhugaon aligns with our strategy of delivering well-planned, value-driven developments. Backed by our deep understanding of evolving lifestyles and a legacy of over three decades, this addition reinforces our commitment to creating thoughtful communities that enable better quality of life.”