Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL), a leading player in Pune's real estate market, has announced the signing of a Joint Development Agreement (JDA) for a residential and mixed-use project in Wadgaon Khurd, located at Sinhagad Road, Pune. The project will span approximately 22 acres and offers a total saleable area of around 5 mn sq ft, with an expected GDV of approximately Rs 4,000 Crore.
Strategically positioned in the southwest part of Pune, the site benefits from stunning scenic views, seamless connectivity to Pune's Central Business District (CBD) and the West-Pune zone, and easy access to major infrastructure. The location offers north views of the Mutha River, a garden reservation to the south, ensuring a clear view, and a 90-meter proposed ring road alongside park reservations to the west. The project has well-established access to social infrastructure, with schools, hospitals, shopping malls and entertainment hubs conveniently located within a 2-kilometer radius.
Yash Patil, Joint Managing Director, Kolte-Patil Developers Limited, said, "Pune's real estate landscape continues to evolve, presenting significant opportunities for well-planned, high-quality developments. As a market leader, Kolte-Patil remains committed to expanding its footprint across key micro-markets through a well-calibrated diversification strategy. By leveraging our deep local expertise and strong brand equity, we are strengthening our presence in high-potential areas while shaping Pune's urban future with thoughtfully designed, community-centric developments that cater to the city's growing aspirations. Moreover, this project reflects our continued focus on value creation through strategic partnerships and capital-efficient structures, ensuring sustainable growth for all stakeholders."
Additionally, Atul Bohra, Group CEO of Kolte-Patil Developers Limited, said, "We are excited to add this large-scale development of ~5 million square feet, strategically located in South-West Pune, reinforcing our leadership in the city's dynamic real estate market. This project is a significant milestone for Kolte-Patil, further strengthening our presence in a high-potential micro-market. With strong connectivity and proximity to essential social infrastructure, this development exemplifies our vision of creating vibrant, community-centric neighbourhoods while delivering high-quality living spaces. Our focus remains on delivering sustainable value to homebuyers and stakeholders."
