Kolte-Patil to develop two new residential projects in Pune
Pune-based real estate developer Kolte-Patil Developers Limited has signed agreements for two new residential development projects in Pune, with a total estimated saleable area of 1.9 million square feet and a topline potential of Rs 1,300 crore. The first project is located in Wagholi, a well-planned micro-market of Pune, and covers around 5 acres of land. The second project is a premium residential development located at NIBM Road, Kondhwa, for which Kolte-Patil has formed a joint venture. The company has already developed and delivered around 5 million sq. ft. across projects, giving it a strong foothold in the NIBM Road micro-market. Wagholi has emerged as a popular residential destination due to its proximity to major IT/ITES hubs, industrial zones, and well-developed social infrastructure. The announcement comes as a positive development for Kolte-Patil, which has been striving to expand its presence in the Pune real estate market.