Kolte-Patil Developers Limited, incorporated in 1991 and headquartered in Pune, is a real estate company with a dominant presence in the Pune residential market, listed on the NSE and BSE under the ticker KOLTEPATIL. Over more than three decades the company has developed and constructed over 68 projects including residential complexes, IT parks, integrated townships, and commercial complexes, covering a saleable area of roughly 36 million square feet across Pune, Mumbai and Bengaluru. Within this portfolio, Hinjewadi Phase 1 holds a specific place: it is where the developer built Green Olive, a compact, ready-to-move residential address positioned directly behind Persistent Systems and inside the original, most established stretch of the Rajiv Gandhi Infotech Park.
Green Olive occupies roughly 6 acres of thoughtfully planned land in Hinjewadi, positioned next to the Rajiv Gandhi Infotech Park, with the project address recorded as behind Persistent, Phase 1, Hinjawadi Rajiv Gandhi Infotech Park, Hinjawadi, Pimpri-Chinchwad, Maharashtra 411057. The development is built around 2 and 3 BHK flats designed for comfort, luxury, and convenience, with carpet areas that public listings place in the 839 sq.ft. to 1,378 sq.ft. range depending on unit type. The project carries RERA registration number P52100013526, and unit configurations span 2 BHK layouts from roughly 840-856 sq.ft. up to 3 BHK layouts extending past 1,100 sq.ft, per publicly listed floor plans.
On-ground amenities at Green Olive include elevators, power backup, reserved parking, security, a gymnasium, swimming pool, clubhouse, kids' play area, outdoor tennis courts, squash courts, and an indoor badminton court. The clubhouse itself is built around indoor games, party areas, and fitness facilities for leisure, entertainment, and community engagement. This amenity mix is typical of Kolte-Patil's mid-to-premium residential format in Pune West — compact land parcels close to employment nodes, finished to a standard consistent with the brand's larger master-planned developments nearby.
Hinjewadi Phase 1 is the oldest and most built-out section of the IT park corridor. As the entry point to the Rajiv Gandhi Infotech Park from the Mumbai-Pune Expressway side, it sits closest to the old Hinjewadi village and the Mumbai-Pune Expressway entry point, and functions as the gateway to the area, with developed infrastructure, sitting closest to Wakad and Bhumkar Chowk. This is the section of Hinjewadi with the deepest existing social infrastructure: retail, schools, hospitals and transit access that Phase 2 and Phase 3 are still building out.
Connectivity is the standout driver here. Pune Metro Line 3, the elevated Hinjewadi-Shivajinagar corridor, begins at Megapolis Circle, serving the sprawling Rajiv Gandhi IT Park with its 400+ companies and 2.5 lakh employees, and once fully operational is expected to handle up to 30,000 passengers per hour, reducing traffic congestion on the Mumbai-Pune Expressway and inner-city roads. The line runs through Hinjawadi Phases 1, 2, and 3, with the most current connectivity benefiting Phases 1 and 2, which directly favours a Phase 1 address like Green Olive over projects deeper inside Phase 2 or 3.
Demand fundamentals track the employment base. The wider IT park hosts 2,800 acres, three sequenced phases and 800+ companies including TCS, Wipro, Cognizant, Tech Mahindra, with about 4.5 lakh people clocking in on a working day, and Phase 1 remains the oldest and most central of the three phases. That employment density is what has historically supported steady rental absorption for compact 2 and 3 BHK stock, the exact configuration Green Olive offers.
Green Olive sits alongside a much larger Kolte-Patil commitment to the Hinjewadi corridor: Life Republic, the developer's flagship integrated township a short distance away on the Hinjawadi-Marunji-Kasarsai Road. Life Republic spans over 400 acres near Hinjewadi, offering residential, commercial, and recreational spaces in a self-sustained community, with roughly 70% of its land kept as open space, including a jogging track network and thousands of trees. Newer phases within that township — Atmos, Canvas, Aros and Qrious among them — continue to launch in the same micro-market, giving Kolte-Patil a layered presence in Hinjewadi that runs from standalone, ready-to-move buildings like Green Olive to a large-format township model at Life Republic.
This dual approach is consistent with the developer's stated positioning: a company built on the philosophy of 'Creation, not construction', operating a mid-income brand under the Kolte-Patil name alongside a separate luxury label, 24K, for its premium segment. In Hinjewadi Phase 1 specifically, that translates into a finished, occupied community at Green Olive that buyers can inspect and move into immediately, backed by a developer with an established construction and delivery record across Pune, Mumbai and Bengaluru.
A buyer evaluating Green Olive is effectively buying into two things at once: Kolte-Patil's execution record in a locality it knows well, and a Hinjewadi Phase 1 address that benefits from being the most mature, best-connected part of the IT park corridor. The trade-off is land parcel size — Green Olive is a compact, single-project development rather than a sprawling township — which suits buyers prioritising immediate occupancy, proximity to Persistent Systems and the older IT blocks, and a shorter commute within Phase 1 itself over the scale amenities of a larger integrated township format.