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Kolte-Patil Developers Ltd — Capital/Financing Update 2025
Oct 10, 2025
59438_rns_2025-10-10_2c4fd5b2-3de5-4bbf-ab94-67234bf768ab.pdf
Capital/Financing Update
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To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, ‘Exchange Plaza’, Bandra Corporate Relationship Department, Kurla Complex, 1[st] floor, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001
Date: 10 October 2025
Sub: Press Release - Kolte-Patil acquires ~7.5 - acre land parcel in Bhugaon, Pune. ISIN: Equity: INE094I01018 and Debt: INE094I07049, INE094I07064 and INE094I07072.
Ref: NSE Symbol and Series: KOLTEPATIL and EQ BSE Code and Scrip Code - Equity: 9624 and 532924 BSE Security Code and Security Name – Debt: 1. 974771 and KPDLZC33;
2. 975276 and KPDL221223; 3.976030 and 0KPDL34
Dear Sir/Madam,
Please find attached herewith Press release – “Kolte-Patil acquires ~7.5 - acre land parcel in Bhugaon, Pune.”
This is for your information and record.
Thanking you,
For Kolte-Patil Developers Limited
Vinod Digitally signed by Vinod Eknath Eknath Patil Date: 2025.10.10 Patil 09:30:01 +05'30'
Vinod Patil Company Secretary and Compliance Officer Membership No. A13258
Encl: As above
KOLTE-PATIL DEVELOPERS LTD.
CIN : L45200PN1991PLC129428
Pune Regd. Office: 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune - 411001, Maharashtra, India. Tel.: + 91 20 6742 9200 / 6742 9201 Bangalore Office: 121, The Estate Building, 10th floor, Dickenson Road, Bangalore 560042, India. Tel.: 080- 4662 4444 / 2224 3135/ 2224 2803 Web.: www.koltepatil.com Email id: [email protected]
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Kolte-Patil acquires ~7.5-acre land parcel in Bhugaon, Pune
Estimated GDV of the project is Rs. 1,400 crore
Pune, 10 October 2025: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL), a leading Pune-based real estate player, with a diversified presence in Mumbai and Bengaluru, announced that the company has acquired a ~7.5-acre land parcel in Bhugaon, Pune, with an estimated saleable area of ~1.9 million square feet and a Gross Development Value (GDV) of ~Rs. 1,400 crore.
Bhugaon, Pune, is emerging as a desirable residential destination, with a blend of natural surroundings and excellent urban connectivity. This land parcel is surrounded by premium localities like Bavdhan and Kothrud, adjacent to the Mumbai-Pune Expressway and close to the Shivaji Nagar Railway station. Furthermore, major employment hubs are in the vicinity, making it an attractive choice for homebuyers. The project is conveniently located close to social infrastructure comprising schools, hospitals, shopping malls and entertainment hubs, adding to the attractiveness of the micro-market.
Commenting on the development, Mr. Rajesh Patil, Managing Director, Kolte-Patil Developers
Limited said, “Foraying into a new high-potential micro-market through outright acquisition of this strategically located land in Bhugaon strengthens our presence in Pune. With growing demand accelerated by improving infrastructure and rising end-user interest, our presence in Bhugaon aligns with our strategy of delivering well-planned, value-driven developments. Backed by our deep understanding of evolving lifestyles and a legacy of over three decades, this addition reinforces our commitment to creating thoughtful communities that enable better quality of life.”
About Kolte-Patil Developers Limited
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and diversified presence in Mumbai and Bengaluru. Very recently, the Company entered into a strategic partnership with global investment firm Blackstone with the latter acquiring a 40% stake in the Company following the twophase transaction involving preferential allotment of equity shares and the secondary equity share acquisition from existing promoters.
Kolte-Patil is a trusted name with a reputation for high quality standards, design-uniqueness, corporate governance, transparency and timely delivery of projects. The company has developed and constructed over 68 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of >30 million square feet across Pune, Mumbai and Bengaluru. The Indian Green Building Council (IGBC) has certified several of the company’s projects. KPDL markets its projects under two brands: ’Kolte-Patil’ (addressing the mid-premium/premium segment) and ‘24K’ (addressing the premium luxury segment).
Consolidating its leadership position in Pune, the company forayed into the Mumbai market in 2013 focusing on society redevelopment projects that have lower capital intensity. The company has signed fourteen projects (four completed, four on- going, six future projects) till date at prime locations across the city.
KPDL has seamlessly navigated varied economic cycles enabled by one of the lowest debt levels in the sector. The Company’s long-term bank debt has been rated ‘AA-/Stable’, short-term bank loan facilities as A1+ and nonconvertible debentures as AA-/Stable by CRISIL.
The Company’s growth trajectory, internal processes and corporate governance practices have benefitted from partnerships with marquee financial institutions like KKR, JP Morgan Asset Management, Portman Holdings, ASK Capital, Motilal Oswal, ICICI Ventures, IL&FS, Planet Smart City and Marubeni Corporation.
Over the years, KPDL has received multiple awards and recognitions including The ET Real Estate Awards 2025- Residential Project – High-End (Ongoing: West) for 24K Manor, The ET Real Estate Awards 2025 - Residential Project Villa for 24K Espada Project at Life Republic, Times Power BrandsLegacy Brand in Real Estate – Pune, Most Iconic Luxury Brand in Real Estate, 24K, ET Business Awards, 2022.
For more details on Kolte-Patil Developers Ltd., visit www.koltepatil.com
For further information, please contact:
Dipti Rajput, CFA VP – Investor Relations
Kolte-Patil Developers Ltd. 304/A, The Capital, Bandra Kurla Complex, Mumbai – 400 051 Tel: +91 74004 81432 Email: [email protected]