Kolte-Patil Developers Limited has been shaping Pune's built environment since the company was set up as a partnership firm in 1989 and formally incorporated on 25 November 1991. The company was set up as a partnership firm in 1989 and later incorporated under the name Kolte-Patil Developers Ltd. (KPDL) on 25 November 1991, by Mr. Rajesh Patil, Mr. Naresh Patil and Mr. Milind Kolte. Over three-plus decades, the company has developed and constructed over 68 projects including residential complexes, IT parks, integrated townships, and commercial complexes. Its footprint spans Pune, Mumbai and Bengaluru, and KPDL is listed on NSE and BSE (BSE: 532924, NSE: KOLTEPATIL).
Kolte-Patil's choice of Kondhwa Budruk as a development location is not incidental. Kolte-Patil acquired 30 acres at Kondhwa in Pune, along with ASK Real Estate Special Opportunities Fund, for Rs. 160 crore to develop a residential housing project located within Pune city limits, in the Katraj-Kondhwa area of South Pune. That land commitment anchors the developer firmly in a corridor that has consistently drawn end-user demand from families prioritising social infrastructure over speculative investment.
The project Kolte-Patil has built on this ground is Three Jewels, with the Moonstone phase as its current residential offering. The complex is located on Hubtown Road, Tilekar Nagar, Kondhwa Budruk, Pune, Maharashtra 411048. Kolte Three Jewels Moonstone is constructed across 14 acres, comprising 15 towers on a B+G+14 floor format, offering 2 BHK and 2.5 BHK premium residences.
Over 500 families already reside within the Three Jewels gated community. Carpet areas for 2 BHK units range from 780 to 852 sq ft, while the 2.5 BHK option covers 965 sq ft. Each floor plan has 6 flats, 3 lifts and 2 staircases per floor.
The project offers 35-plus amenities including a swimming pool, kids' play area, amphitheatre, gym and clubhouse. Residents also have access to facilities such as an indoor-game corner, senior citizen plaza, skating rink, toddlers' play area, multi-purpose hall, party terrace and a Jain temple.
The project is registered under MahaRERA. The MahaRERA registration number is P52100006160, available on the website https://maharera.mahaonline.gov.in under registered projects.
Three Jewels Moonstone sits directly on Katraj–Kondhwa Road, one of South Pune's principal arterials. Kondhwa is strategically connected to the Mumbai–Bangalore Highway through the Katraj-Kondhwa Road, and is easily accessible from any part of Pune while travelling from the Mumbai-Bangalore highway to the bypass.
Kondhwa connects to the city using NIBM Road, Salunke Vihar Road, Katraj–Kondhwa Road, and the Pune–Satara corridor. For daily commuters, the approximate driving distance between Kondhwa Budruk and Pune Station is 10 km, and Katraj Bypass Road runs through this neighbourhood, further connecting it to several parts of the city. Residents heading toward employment zones in eastern Pune can reach Hadapsar, Magarpatta and the NIBM belt via well-established surface roads. The surge in demand for residential spaces in the locality is partly driven by its proximity to tech parks like Cybercity, ICC Trade Tower and other key locations such as Kharadi IT Park and MG Road.
On the public infrastructure front, the Pune Municipal Corporation has prioritised arterial road projects in its draft budget for 2026–27, allocating Rs 1,800 crore for road and transport infrastructure, with key projects including the Katraj–Kondhwa bypass aimed at decongesting traffic. The proposed Pune Metro Line 1 extension connecting PCMC and Katraj via Swargate will significantly enhance accessibility when completed, adding a rail option to a locality that currently relies on PMPML bus services and road-based commuting.
Nearby landmarks noted in relation to the Three Jewels site include MSB Educational Institute at 350 m, ISKCON Temple at 1.1 km and Katraj Bus Depot at 3.3 km.
Kondhwa Budruk belongs to a cluster that Kolte-Patil's own market commentary has identified clearly. The family-oriented corridors — NIBM Road, Undri, Kondhwa — have built their reputation on schools, hospitals and the kind of social infrastructure that people who plan to actually live in their homes prioritise. That profile aligns directly with the buyer Kolte-Patil targets through Three Jewels Moonstone: working professionals and young families seeking a gated community with defined amenities at a price point below the older premium micro-markets of Kalyani Nagar or Koregaon Park.
On pricing, the average flat rate in Kondhwa Budruk is approximately Rs 6,550 per sq ft, with 1 BHK flats available in the range of Rs 27.5 lakh to Rs 44 lakh. 2 BHK flats are priced in the range of Rs 48.6 lakh to Rs 95 lakh. Flat rates in Kondhwa Budruk have appreciated 11 percent in the last one year, 23.6 percent in the last three years and 32.3 percent over five years.
While areas like Koregaon Park, Kalyani Nagar and Baner have long been luxury hotspots, new developments are now emerging in NIBM Road, Kondhwa and the IT hub of Hinjawadi. Government registration data shows 522 sales transactions recorded in Kondhwa Budruk from July 2025 to June 2026 at an average price of Rs 7,200 per sq ft, confirming genuine transactional depth rather than speculative listing activity.
Kondhwa Budruk is a preferred residential locality because of its friendly neighbourhood, safety and security of the residents, and the availability of various schools, banks, medical facilities, restaurants, hotels and marketplaces in the area. For families buying into Three Jewels Moonstone, the surrounding social fabric is substantial: schools such as Tree House High School, Divine Path School and Nikos Public School, hospitals including Lifeline Hospital and Satyanand Hospital, and shopping destinations such as Konark Indrayu Mall, Bizzbay Mall and Runwal Diamond Mall are all accessible within the Kondhwa locality.
The NIBM Road belt — a short drive from Tilekar Nagar — adds another tier of retail and healthcare options. Leading hospitals providing healthcare facilities near the NIBM belt include Noble Hospital, Villoo Poonawalla Memorial Hospital, Sahyadri Hospital and Satyanand Hospital. Reputed schools in the broader corridor include Delhi Public School, VIBGYOR High School, Euro School Undri and Lexicon Kids.
For buyers evaluating developer credibility, Kolte-Patil's scale and structure are directly relevant. The company markets its projects under two brands — 'KoltePatil' for the mid-income segment and '24K' for the premium luxury segment — effectively targeting different market segments. Three Jewels Moonstone sits within the core KoltePatil brand, which prioritises configuration practicality and value-for-money specifications for working households.
Beyond South Pune, the developer's active portfolio spans the Hinjawadi corridor (Life Republic, a 400-acre integrated township), Wagholi, Baner, Pimple Nilakh and Bavdhan. Kolte-Patil has 112 residential and commercial projects in its portfolio, out of which 92 projects are in Pune. This depth of Pune-specific delivery experience — spanning affordable, mid-income and luxury formats across the city's north, west, east and south — gives the developer an operational familiarity with Pune's municipal and regulatory environment that fewer developers can match.
Over the past three decades, Kolte-Patil has delivered 20 million-plus square feet of real estate. Its stock exchange listing on both NSE and BSE brings quarterly public disclosure of financials, project timelines and sales data — a layer of transparency that is material to buyers making long-term purchase decisions in the under-construction segment.