Kolte-Patil Developers Records Sales of Rs 600 Crore in 60 Hours for Pune Project
Pune, September 10, 2026: Kolte-Patil Developers Limited announced a landmark launch performance for its project Vyana at The Reserve in Vadgaon, Pune, booking over 600 apartments and translating to sales of over Rs 600 crore in 60 hours. The performance represents the highest sales velocity achieved during a project launch in the company’s history, Kolte-Patil Developers said in a press release.
Spread across 20 acres along the Sinhgad Road corridor, The Reserve is a premium riverside residential development featuring views of the NDA Hills. The project has a potential saleable area of approximately 5 million square feet with an expected Gross Development Value (GDV) of Rs 4,000 crore, and will be launched in multiple phases. Phase 1 offers 2 and 3-bed residences with over 40 amenities, including a swimming pool, paddle ball court, creche, and pet park.
Located 400 metres from Sinhgad Road, the micro-market is positioned near existing schools, healthcare, and retail infrastructure. The location is expected to benefit from upcoming infrastructure projects, including Ring Road connectivity, Metro expansion, and local road-widening initiatives.
The launch follows the company’s business development additions in the Mumbai Metropolitan Region (MMR), comprising six projects with an aggregate GDV of approximately Rs 6,000 crore. Incorporated in 1991, the developer has delivered over 33 million square feet across 68 projects in Pune, Mumbai, and Bengaluru. In FY26, global investment firm Blackstone acquired a 40 percent stake in the company.
Commenting on the development, Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers Limited, said, “ ‘Vyana at The Reserve’ is a defining milestone for Kolte-Patil Developers and a powerful validation of our brand strength, product strategy and deep understanding of evolving homebuyer aspirations. Delivering our strongest-ever launch performance with this level of absorption reflects not only the scale of demand in Pune, but also our ability to enter emerging sub-markets with conviction, apply our execution expertise, and deliver distinctive performance at scale.”
“This response reinforces our conviction in building a larger, more ambitious platform across our core markets. With a robust pipeline, disciplined growth strategy and a demonstrated ability to create depth in new micro markets, we are well positioned to accelerate our expansion, strengthen our leadership position and create enduring value for our customers and stakeholders,” Parandekar added.
