Kolte-Patil Developers Limited traces its origins to a plotting and row-house business their founder began in Jalgaon in 1970. In the year, 1989, under the leadership of Mr. AVP, Kolte-Patil established base in Pune. Kolte Patil Developers Limited (KPDL) has a distinguished legacy that began with its incorporation as a private limited company on November 25, 1991. More than three decades later, the company brings that same Pune-first orientation to Kondhwa, a South Pune locality it now serves through Kolte Elixir on NIBM Road.
Headquartered in Pune, KPDL is listed on NSE and BSE (BSE: 532924, NSE: KOLTEPATIL), and the company has been creating landmarks for 30+ years, having developed and constructed over 68 projects including residential complexes, IT parks, integrated townships, and commercial complexes across Pune, Mumbai, and Bengaluru. As the company has grown, it has marketed its projects under two brands, 'KoltePatil' for the mid-income segment and '24K' for the premium luxury segment, a segmentation that shapes how Kolte Elixir is positioned within the Kondhwa micro-market.
Kolte Patil Elixir is a residential address along the National Institute of Bank Management (NIBM) Road, Pune, offering plush and spacious 3 BHK and 4 BHK apartments, designed in a smart layout for maximum natural lighting and ventilation. The project sits near NIBM Road near Bizzbay Mall, Kondhwa, Pune, Maharashtra 411048, placing it inside one of the city's more established family-residential belts rather than an unproven fringe location.
Configuration-wise, Kolte Patil Elixir has two towers rising to G+18 storeys, offering 3 BHK and 4 BHK homes with carpet areas between 1,170 and 1,800 sq. ft., and a stated possession date of June 2030. The RERA Registration Number for the project is PR1261012500503. On amenities, Kolte Patil Elixir offers a banquet hall, swimming pool, jogging track, gym, sports court, amphitheatre and kids' play area, a specification set consistent with Kolte-Patil's broader mid-to-premium residential portfolio.
Kolte Elixir is not the developer's only address in this pocket of South Pune. Kolte-Patil has also built Rose Parade in Kondhwa, a high-end residential development that promises to deliver a well-balanced community offering wellness and connectivity to its residents, registered separately under MahaRERA ID P52100080374 and situated off NIBM Road in the Kausar Baugh pocket of Kondhwa. Having two distinct projects within the same locality signals a developer treating Kondhwa as a sustained market rather than a one-off launch, and gives buyers comparable reference points on design language, specification, and delivery within the same neighbourhood.
This local depth sits within a larger South Pune presence for the company. Kolte Patil Developers has been part of the Pune real estate market for over three decades, delivering more than 2 crore square feet of development, with a presence across corridors including Hinjewadi, Wakad, Baner, Kharadi, Pimple Nilakh, NIBM, Bhugaon, and the emerging Ring Road belt.
Kondhwa occupies the southeastern part of Pune, an urban district that is part of the city, located in the Southeastern part of the city, and is bordered by Bibwewadi, Mohammed Wadi, Undri, and Wanowrie. Road connectivity runs through the Katraj-Kondhwa Road, which strategically connects Kondhwa to the Mumbai-Highway, while the NIBM Road stretch itself runs roughly 3 km along the southeastern market of Mohammadwadi and covers parts of Undri, and Kondhwa Road connects NIBM to the Katraj-Hadaspur Bypass.
Transit infrastructure is improving on two fronts relevant to a project like Kolte Elixir. Metro Phase-1A extends from Swargate to Katraj, enhancing connectivity to central Pune, and separately the Pune Ring Road will cut down traffic and connect all corners of the city. For daily commuting today, the Swagat Metro Station is the nearest metro station to Kolte Patil Elixir, and Pune International Airport is roughly 45 minutes away.
Social infrastructure around the project is already mature rather than emerging. Educational institutions near Kolte Patil Elixir include ORCHIDS – The International School and Delhi Public School, and the wider NIBM Road belt adds healthcare facilities such as Lifeline Hospital, Satyanand Hospital, Noble Hospital, Villoo Poonawalla Memorial Hospital, and Sahyadri Hospital. This combination of schools, hospitals, and retail is part of why an independent market note on the area frames NIBM Road, Undri, and Kondhwa as family-oriented corridors that have built their reputation on schools, hospitals, and the kind of social infrastructure that end-user buyers prioritize, with prices that have moved in line with the city average and reliable demand.
Pricing data on the immediate Kolte Elixir micro-market shows steady, not speculative, movement. Property prices in Off NIBM Road, Kondhwa increased by 24.02% over the period 2017 to 2025, while at the project level Kolte Patil Elixir's average price is about ₹10.2K per sq. ft., compared to a Kondhwa average of around ₹10.5K per sq. ft., keeping it broadly in line with the surrounding market rather than commanding a large premium. Investment metrics cited for the project include apartment appreciation of 11% in the last year and an average rental yield of about 3%.
Demand for this corridor is underpinned by employment access rather than speculation alone: Kondhwa and NIBM Road residents reach Swargate bus stand, Pune railway station, Market yard, MG Road, the airport, Hadapsar, Magarpatta, Hinjawadi, Kalyani Nagar, and Deccan Gymkhana without needing to relocate closer to the city core, and the locality has connectivity to Magarpatta City, Hadapsar, and Camp that keeps it relevant for working professionals employed across Pune's IT and business districts.