The project has an estimated GDV of approximately Rs40,000m. Credit: Maksim Safaniuk via Shutterstock.

Kolte-Patil Developers, an Indian real-estate company, has entered into a joint development agreement for a mixed-use project in Wadgaon Khurd, Pune, India.

The project, which spans approximately 22 acres within the Pune Municipal Corporation limits, is expected to have a total potential saleable area of around five million square feet.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Situated in the south-west part of Pune, the development is set to offer better connectivity to the city’s central business district (CBD) and the West-Pune zone.

The project has an estimated gross developable value (GDV) of approximately Rs40,000m ($456m).

The location of the project is one of its key selling points, offering unobstructed views of the Mutha River to the north and a garden reservation to the south.

A proposed 90m ring road alongside park reservations to the west is also a part of the development.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In terms of accessibility, the project offers connections to essential social infrastructure, including schools, hospitals, shopping centres, and entertainment hubs located within 2km.

Kolte-Patil Developers joint managing director Yash Patil 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 micromarkets 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.”

Kolte-Patil Developers has developed and constructed more than 64 projects, including residential complexes, commercial complexes, and IT parks covering a saleable area of nearly 28 million square feet throughout Pune, Mumbai, and Bengaluru.