Kolte Patil Developers has signed a joint development deal for a residential project in Pune's Bhugaon area, marking a significant expansion in its development portfolio. The project represents a substantial investment in the growing Pune real estate market and aligns with the company's strategy to strengthen its presence in high-potential micro-markets.

Project Overview

The joint development initiative encompasses approximately 1.1 million square feet in Bhugaon, Pune. This strategic location positions the project within one of Pune's emerging residential corridors, offering potential for significant market impact.

Strategic Location and Connectivity

Bhugaon represents an emerging residential area surrounded by established premium markets like Bavdhan and Kothrud. The location offers strategic advantages with its proximity to the Mumbai-Pune Expressway and Shivaji Nagar railway station, ensuring excellent connectivity for residents.

The project will benefit from being in close proximity to large employment hubs as well as access to advanced social infrastructure comprising schools, hospitals, shopping malls, and entertainment hubs.

Management Perspective

Rajesh Patil, Managing Director of Kolte-Patil Developers, commented on the development: "The Bhugaon project marks an important step in expanding our residential portfolio and reflects our commitment to delivering thoughtfully designed, amenity-rich developments that address evolving homebuyer aspirations while supporting Pune's urban growth."

Company Background and Investment

Based in Pune, Kolte-Patil Developers maintains a presence across Mumbai and Bengaluru. The company notably became Blackstone Group's first residential investment in India when Blackstone invested ₹1,800.00 crores in March 2025, acquiring a 14.30% stake through a preferential allotment route.

This joint development project adds to Kolte-Patil Developers' growing presence in the Pune real estate market, demonstrating the company's commitment to expanding its development footprint in key metropolitan areas.

Kolte Patil Developers Limited has announced the temporary closure of its trading window ahead of the declaration of unaudited financial results for the third quarter of fiscal year 2026. The real estate developer communicated this regulatory compliance measure to both the National Stock Exchange of India Limited and BSE Limited on December 23, 2025.

Trading Window Closure Details

The company has implemented a trading window closure in strict adherence to regulatory requirements. The following table outlines the key parameters of this announcement:

Regulatory Compliance Framework

The trading window closure aligns with multiple regulatory frameworks governing listed companies in India. Kolte-Patil Developers will declare its unaudited financial results in accordance with Regulation 33 and 52 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company's internal Code to Regulate, Monitor and Report trading by Insiders mandates this precautionary measure to prevent any potential insider trading activities during the sensitive period preceding results announcement.

Securities Coverage

The trading window closure encompasses both equity and debt securities issued by the company. The equity shares trade under the symbol KOLTEPATIL on NSE and carry the BSE scrip code 532924. Additionally, the company has five debt securities listed on BSE with various security codes including KPDLZC33, KPDL221223, 0KPDL34, KPDL161025, and 0KPDL35.

Corporate Communication

Vinod Patil, Company Secretary and Compliance Officer, digitally signed and communicated this announcement to the stock exchanges. The notification serves as an official record for market participants and regulatory authorities, ensuring transparency in the company's compliance procedures. This measure demonstrates the company's commitment to maintaining fair market practices and protecting investor interests during the financial results declaration process.