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Kolte Patil Developers rises on entering into co-development agreement with Metropolitan Lifespace Real Estate Developers

11 Dec 2015 Evaluate

Kolte Patil Developers is currently trading at Rs. 140.60, up by 1.80 points or 1.30% from its previous closing of Rs. 138.80 on the BSE.

The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 145.00 and Rs. 137.00 respectively. So far 17122 shares were traded on the counter.

The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 240.00 on 06-Apr-2015 and a 52 week low of Rs. 135.65 on 09-Dec-2015.

Last one week high and low of the scrip stood at Rs. 153.80 and Rs. 135.65 respectively. The current market cap of the company is Rs. 1059.33 crore.

The promoters holding in the company stood at 74.54% while Institutions and Non-Institutions held 12.15% and 13.32% respectively.

Kolte Patil Developers has entered into Rs 120 crore co-development agreement with Metropolitan Lifespace Real Estate Developers for its redevelopment project -- Jay-Vijay Society, in Ville Pane (E), Mumbai. Metropolitan Lifespace Real Estate Developers is promoted by IPFII Singapore 5 -- an offshore entity managed and advised by J.P. Morgan Asset Management-Global Real Assets.

Jay Vijay CHS has a plot area of 2.25 acres at a prime location off the Western Express Highway, with Kolte-Patil's economic interest of approximately 1.65 lakh square feet. Requisite approvals are in place, the members have been vacated and construction is expected to commence shortly. The project is expected to be delivered over the next 30-36 months.

Kolte-Patil Developers is a leading real estate company with dominant presence in the Pune residential market. The company has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of over 12 million square feet across Pune and Bengaluru. 

Kolte-Patil Develop. Share Price

366.90 20.75 (5.99%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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