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Kolte-Patil adds two residential projects in Pune with 1.9 million square feet of development potential.

Kolte-Patil Developers' foray into these new residential projects in Pune demonstrates its commitment to growth and strengthening its position in high potential micro-markets. With its proven track record of delivering quality projects, the company is well-positioned to continue its success in the real estate industry.

Kolte-Patil Developers, a leading real estate developer, has signed agreements for two new residential projects in Pune, India, with a total estimated saleable area of 1.9 million sq ft and potential revenue of nearly Rs 1,300 crore. These two projects are located in high potential micro-markets of Pune, namely Wagholi on Nagar Road and NIBM Road in Kondhwa. The company’s objective is to strengthen its position in these micro-markets and drive growth across markets while maintaining low capital intensity to optimize return on capital.
One of the projects is a mid-income residential project measuring 7.5 lakh square feet, located on around 5 acres of land at Wagholi. The micro-market of Wagholi is known for its proximity to major information technology hubs and industrial zones with social infrastructure and connections to other parts of the city. Kolte-Patil has already developed and delivered over 5 million sq ft in this area.
The second project is a premium residential project at NIBM Road, Kondhwa, where the company has entered into a joint venture. This project has a total development potential of 1.15 million sq ft. Kolte-Patil has already developed and delivered over 5 million sq ft across projects in this micro-market.
According to Rahul Talele, Group CEO of Kolte-Patil Developers, Pune has been a key market for the company since inception, and the company remains optimistic about the city’s potential. He further added that the new projects align with the company’s objective of consolidating its leadership position in Pune and translating this into sustained value for all its stakeholders.
Kolte-Patil Developers has so far developed and constructed over 50 projects, with a saleable area of 25 million square feet in Pune, Mumbai, and Bengaluru. Quality projects have been delivered by the company with a focus on customer satisfaction.

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