Kolte-Patil Developers Limited entered Bengaluru in 1994, making it one of the earliest Pune-based developers to recognize the city's long-term IT-driven housing demand. The Bengaluru operations were started in 1994 — a full decade before most national peers chose to expand here. That early conviction has shaped a focused Bengaluru portfolio that now includes Electronic City Phase 2, one of South Bengaluru's most employment-dense residential corridors, as well as Koramangala, where the company operates under its premium 24K brand.
Incorporated in 1991 and guided by the philosophy of 'Creation, not construction', Kolte-Patil Developers Ltd is listed on NSE and BSE (BSE: 532924, NSE: KOLTEPATIL) and has developed and constructed over 68 projects including residential complexes, IT parks, integrated townships, and commercial complexes, covering a saleable area of approximately 36 million sq ft across Pune, Mumbai and Bengaluru. The company markets its projects under two brands — 'KoltePatil' for the mid-income segment and '24K' for the premium luxury segment — a dual-brand architecture that lets it serve buyers across a wide price spectrum within the same city.
Electronic City Phase 2 is a major urban IT hub in the southern part of Bengaluru, part of the larger Electronic City area started in 1978 to support India's growing tech industry, covering around 340 acres located mainly to the east of Hosur Road. Major occupiers include Infosys, Wipro, Tech Mahindra, HCL, TCS, and Continental. With over 2.5 lakh professionals working across Infosys, HCL, Tech Mahindra, Biocon and other tech parks in this belt, the residential demand base here is captive and structurally recurring — not cyclical.
Kolte-Patil's choice of Phase 2 over Phase 1 is deliberate. Electronic City Phase 2 has moved from an 'early-stage' zone to a mature, end-user plus investor market, with prices in many gated communities now stabilising in the mid-segment bracket while still being lower than ORR or Whitefield. For a developer focused on mid-to-premium housing with strong occupier credentials, Phase 2 offers the right combination of addressable price point, proximity to campuses, and room for a physically prominent product.
Kolte Patil iTowers Exente is a residential project located at Electronic City, Bangalore. This 23-storied high-rise project offers 438 flats in total and is the tallest residential building in Electronic City. The project is sprawled across 4 acres. Officially launched on 24 July 2017, it is registered under RERA No. PRM/KA/RERA/1251/310/PR/171026/000862.
iTowers Exente offers 1 BHK, 2 BHK, 2.5 BHK, 3 BHK and 4 BHK duplex apartments and penthouses. Unit sizes span a wide range: 1 BHK apartments run from approximately 709 sq ft to 728 sq ft, 2 BHK from 1,213 sq ft to 1,394 sq ft, 3 BHK from 1,686 sq ft to 1,727 sq ft, and 4 BHK from 2,168 sq ft to 2,315 sq ft. The configuration spread signals a project designed equally for young professionals stepping into homeownership and for families seeking larger footprints within walking distance of their offices.
The location within Phase 2 was chosen with commute time as the primary variable. The project is just a 10-minute walk from Infosys, GE, TCS, Tech Mahindra, Schneider Electric, HP, and many other corporates — a proximity that matters in a micro-market where reducing the daily commute is often the single largest quality-of-life factor. The site sits approximately 800 metres from a proposed Metro station.
The tower is one of the tallest in the vicinity with three-side open views of the city. Lifestyle amenities include four themed gardens, a clubhouse with a rooftop pool, an Aristotle digital library, a squash court, and a gym. The amenity package goes beyond standard gym-and-pool offerings: iTowers Exente offers a clubhouse, gym, swimming pool, kids' pool, indoor games room, landscaped gardens, multi-purpose courts, yoga and fitness spaces, and children's play areas. Electrical specifications include grid power from BESCOM, 100% power backup, and Otis or equivalent elevators in each tower with CCTV at all vantage points.
iTowers Exente incorporates sustainable practices and technologies to minimise its environmental impact, from rainwater harvesting to energy-efficient fixtures. That orientation fits Kolte-Patil's wider corporate posture: the Indian real estate market is undergoing a transformation with increasing emphasis on sustainable development, and Kolte-Patil Developers is at the forefront of this shift, integrating innovation and sustainability into every project.
Buyers evaluating Electronic City Phase 2 against other Bengaluru IT corridors have a clear data point to anchor on. ANAROCK's Bengaluru Residential Market Report 2024 notes that Electronic City continues to offer a 20–30% price benefit compared to Whitefield and ORR, while still sitting on a strong IT and infrastructure base. While Whitefield and the Outer Ring Road corridor have seen prices climb to ₹12,000–₹18,000 per sq ft, Electronic City offers quality apartments from reputed developers at ₹7,500–₹12,000 per sq ft.
For iTowers Exente specifically, during Q4 2025, average property prices moved from ₹11,200 per sq ft to ₹12,350 per sq ft, reflecting a 10.27% rise. That trajectory is consistent with the broader corridor trend: South Bengaluru corridors such as Electronic City have seen compounded price growth of 20–30% between 2019 and 2024. On the rental side, rent in iTowers Exente ranges from approximately ₹34,000 to ₹49,000 per month, supported by the captive corporate workforce in the immediate vicinity.
Phase 2 has rapidly evolved into a high-accessibility corridor thanks to the Namma Metro Yellow Line (RV Road–Bommasandra), the Hosur Road Elevated Expressway, and the NICE Road junction connectivity. The Elevated Expressway connecting Electronic City to Silk Board has already slashed commute times significantly, and the Namma Metro Yellow Line to Bommasandra became operational in August 2025, with further extensions into the heart of Electronic City planned.
The NICE Road stretch connecting Phase 2 to Mysuru Road, Tumakuru Road, Bannerghatta Road, and Kanakapura Road has become a lifeline for residents and businesses. With respect to important city areas such as JP Nagar, Sarjapur, Koramangala, Bommasandra, and HSR Layout, this location is well connected. The metro now layers public transit on top of road and expressway access, a combination that typically accelerates rental demand from mid-level IT professionals who prefer not to own a vehicle.
The transition from a single-use tech precinct to a mixed-use neighbourhood is well advanced in Phase 2. The area has D-Mart and Mahindra Millennium Mall, and in late 2024, M5 E-City Mall opened with Lulu Hypermarket, fashion stores, food courts, and a cinema, quickly becoming a favourite weekend spot. The project sits in close proximity to Treamis International School, Narayana Hrudayalaya Hospital, and shopping destinations such as Forum Mall and Neo Mall. The project has easy access to schools, hospitals, supermarkets, coworking spaces, restaurants, and entertainment zones, and Electronic City Phase 1 and 2 offer excellent infrastructure, making day-to-day living comfortable for residents.
Beyond Electronic City, Kolte-Patil operates in Koramangala under its 24K luxury label. 24K Grazio in Koramangala offers 3 and 4 BHK apartments on a 1.25-acre site, positioned at the premium end of Bengaluru's residential market with unit sizes ranging from approximately 1,908 sq ft to 2,810 sq ft. Together, iTowers Exente and 24K Grazio represent the two ends of Kolte-Patil's Bengaluru strategy: high-density, walk-to-work apartments near the largest IT campus in South India, and compact luxury blocks inside the city's most commercially vibrant inner-south neighbourhood. Both projects are RERA-registered with Karnataka's regulatory authority.
That dual presence also illustrates how Kolte-Patil approaches Bengaluru differently from its home market of Pune. Kolte-Patil Developers Limited has established a dominant presence in the Pune residential market, while also expanding its footprint in Mumbai and Bangalore — but in Bengaluru, the developer has chosen pinpoint entries into employment-proximate, infrastructure-rich locations rather than large-scale township formats. For a buyer in Electronic City Phase 2, that means acquiring from a developer with proven execution depth and a publicly listed balance sheet, without paying the land premium that usually attaches to township-scale projects.