Kolte-Patil Developers Limited entered Bengaluru with a clear point of view: take the discipline that built Pune's largest residential portfolio and apply it to India's technology capital. Incorporated on November 25, 1991, and founded by Mr. Aniruddha Patil — with his sons Mr. Rajesh Patil and Mr. Naresh Patil expanding the business from as early as 1989 — the company has since grown into one of the few publicly listed developers with a genuinely cross-city footprint. Headquartered in Pune and listed on both NSE (KOLTEPATIL) and BSE (532924), KPDL has developed and constructed over 50 projects — residential complexes, commercial complexes, and IT Parks — covering a saleable area of approximately 23 million square feet across Pune, Mumbai, and Bengaluru.
The company markets its projects under two distinct brands: 'KoltePatil' for the mid-income segment and '24K' for the premium luxury segment — a dual-brand architecture that lets it serve both the tech-professional upgrader and the senior executive seeking boutique luxury without compromising either identity.
Bengaluru is not an afterthought in KPDL's growth plan. The company has already delivered three projects in Dollars Colony, Bannerghatta, and Koramangala — spanning a price range from ₹36 lakh to ₹3 crore, demonstrating an ability to work across South Bengaluru's most established residential belt. Today, the active Bengaluru portfolio stretches from the tech corridors of North Bengaluru to Electronic City in the south, covering distinctly different buyer profiles under the same quality framework.
Ongoing developments include Lakeside24, Mirabilis, 24K Grazio, iTowers Exente, and Raaga — with configurations spanning 1 BHK, 2 BHK, 3 BHK, and 4 BHK homes along with luxury residences, across Hennur Road, North Bengaluru, and other established corridors. Each ongoing project is RERA registered with construction-linked payment plans, backed by three decades of Kolte-Patil delivery experience.
KPDL has concentrated its volume-side play in the Hennur Road–Horamavu corridor, where employment-driven demand runs deep. Raaga is a premium gated community on Hennur Road, North Bengaluru, located off Hennur Main Road and close to Manyata Tech Park — a combination that keeps residents connected to work and leisure simultaneously. Phase 1 and Phase 2 of Raaga are ready-to-move with Occupation Certificates in place, a meaningful distinction in a city where a significant portion of competing inventory is still under construction.
Raaga Phase II, also on Hennur Road, connects to Hennur Main Road, Nagawara Main Road, and Thanisandra Main Road — the three arterial routes that define daily movement for professionals in North Bengaluru's tech belt. Nearby, Kolte-Patil Lakeside 24 is sited on Hennur Road directly across from Kannur Lake, bringing a distinct amenity — open water frontage — to an otherwise dense urban corridor.
At Horamavu, Kolte-Patil Mirabilis spans 7.15 acres, and is positioned roughly 10 km from the Central Business District of MG Road and approximately 27 km from Kempegowda International Airport. The project's amenities include a designer clubhouse, gym, swimming pool, squash court, café, spa, creche, gaming zone, congregation space, library, skating rink, jogging track, and water-feature entrance.
iTowers in Electronic City is planned around a seamless work-life balance, starting and ending with resident comfort and convenience. Extended over 4.04 acres, the development offers 2 BHK, 2.5 BHK, and 3 BHK residences across varied configurations. Electronic City — home to campuses of Infosys, Wipro, and hundreds of IT tenants — generates one of the city's most predictable rental demand pools, which underpins investment logic for this part of the portfolio.
The single project that most clearly defines what Kolte-Patil means by the 24K brand in Bengaluru is 24K Grazio in Koramangala. Located in one of Bengaluru's most prestigious neighbourhoods — with proximity to major tech parks, premium dining, retail, and healthcare — 24K Grazio is a luxury residential project offering premium 3 and 4 BHK duplex apartments as part of the exclusive 24K series.
The project's address is 8th Main Road, Koramangala 1A Block, SBI Colony, Bengaluru 560034, with unit sizes ranging from 1,374 to 1,842 sq ft. Spread across 1.25 acres, the development comprises 93 units. Its location provides easy access to the Outer Ring Road, Hosur Road, and Sarjapur Road — the three arterial routes that connect Koramangala to the city's largest employment clusters: Electronic City, the Outer Ring Road tech corridor, and Whitefield beyond.
24K Grazio has been recognised as the Best Eco-Friendly Sustainable Project by Times Business 2024, with sustainability features including natural ventilation, eco-friendly roofing, and electric vehicle charging stations. On-site amenities include a fully equipped clubhouse, landscaped gardens, gymnasium, swimming pool, recreation rooms, outdoor sports courts, children's play area, and party hall. Electrical infrastructure includes grid power from BESCOM with 100% power backup via concealed copper wiring, and Otis (or equivalent) elevators in each tower with CCTV coverage at all vantage points.
The project is RERA registered under number PRM/KA/RERA/1251/310/PR/171014/000876.
Koramangala is among the handful of Bengaluru neighbourhoods where residential prices have already reached a structural floor set by genuine scarcity and persistent demand — not speculation. Known for its startup culture, excellent connectivity, and premium social infrastructure, Koramangala enjoys strategic proximity to Intermediate Ring Road, the Outer Ring Road, Sarjapur Road, and Hosur Road, offering seamless access to Central Bangalore, Indiranagar, HSR Layout, Bellandur, and Electronic City.
Prices in Koramangala often range between ₹15,000 and ₹25,000 per square foot for upscale apartments, and the neighbourhood's values show minimal short-term volatility precisely because prices have already reached a mature level — leaving little room for sharp corrections but also insulating owners from downward risk.
For the specific sub-segment that 24K Grazio targets, price movement has been notable: during Q3 2025, average property prices at 24K Grazio moved from ₹19,400 per sq ft to ₹22,050 per sq ft, reflecting a 13.66% quarterly rise.
Demand drivers including expanding IT employment, relatively low mortgage rates following RBI rate cuts, and a steady inflow of migrants feeding rental demand have set the stage for continued upward price pressure in Koramangala. Schools including Bethany High School, Chinmaya Vidyalaya, and National Public School draw families from across the city, making the neighbourhood self-sustaining for family buyers — the primary audience for 3 and 4 BHK configurations like those at 24K Grazio.
Koramangala's startup ecosystem continued to attract fresh accelerators and co-working spaces into late 2024 and early 2025, with startups founded in 2021–2023 securing larger funding rounds — a dynamic that pushes senior professionals and founders to seek high-quality homes within the neighbourhood itself.
Bengaluru's residential values rose from approximately ₹4,700 per square foot in Q2 2020 to ₹8,720 per square foot in Q2 2025 — a trajectory that reflects the city's sustained absorption of tech-sector employment growth. Over the five years from 2020 to 2025, real estate prices in Bangalore increased by 79%, surpassing growth rates seen in Delhi, Mumbai, and Kolkata.
Infrastructure continues to be a shaping force. The Namma Metro Yellow Line — a 19 km elevated corridor connecting RV Road and Bommasandra via Electronic City — became fully operational in August 2025, with all 16 stations in service and trains running approximately every 10 minutes during peak hours. This directly benefits KPDL's iTowers Exente buyers. Further ahead, plans for 314-kilometre metro coverage by 2030 are expected to create new transit-oriented development nodes across the city.
Bengaluru is a city of well-knit neighbourhoods, maturing infrastructure, and a deep tenant base — a mix that supports both end-user comfort and investor resilience. For a buyer evaluating a KPDL project, the combination of a publicly listed developer with institutional backing, RERA-registered inventory, and a diversified Bengaluru portfolio spread across the city's proven corridors provides a degree of transactional transparency that remains relatively rare in the city's mid-to-premium segment.
A significant 40% strategic investment from Blackstone underscores strong market confidence in Kolte-Patil's future prospects. Being listed on both exchanges means KPDL's financial performance, land acquisitions, and construction-linked milestones are disclosed quarterly — a level of accountability that private developers cannot match. For buyers in Bengaluru's luxury segment, where pre-launch and under-construction risk has historically been a concern, this public accountability structure is part of what the 24K brand implicitly delivers alongside its design credentials.