Kolte Patil trades in jubilant mood on unveiling ultra modern township ‘Life Republic’

08 Dec 2011

Kolte Patil is currently trading at Rs. 36.00, up by 1.80 points or 5.26% from its previous closing of Rs. 34.20 on the BSE.

The scrip opened at Rs. 35.80 and has touched a high and low of Rs. 37.95 and Rs. 35.05 respectively. So far 89048 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 56.00 on 16-Dec-2010 and a 52 week low of Rs. 26.40 on 02-Dec-2011.

Last one week high and low of the scrip stood at Rs. 37.95 and Rs. 26.40 respectively. The current market cap of the company is Rs. 259.15 crore.

The promoters holding in the company stood at 74.23% while Institutions and Non-Institutions held 3.54% and 22.23% respectively. 

Kolte Patil Developers, one of the leading real estate developers in the country has unveiled ‘Life Republic’ an ultra modern township near the IT hub, Hinjewadi, Pune. The township is being developed under the special township policy of the government of Maharashtra.

The first phase of this futuristic township will consist of an overall development and construction of about 2.5 million square feet consisting of 1,2,3 and 4BHK apartments and 3,4 and 5 bedrooms villas along with a school, a healthcare facility, convenience retail, facilities for art, culture and sports are amongst other lifestyle facilities. The size of the apartments at ‘Life Republic’ ranges between 600-3000 square feet, whereas the sizes of villas would be in the range of 2500-5000 square feet. Thus, ‘Life republic’ has a home to suit needs and budgets with homes in the range of Rs 25 lakh to Rs 50 crore.

Besides this, the entire township will have a full fledged road network to be built to international specification, which will ensure rapid connectivity with Hinjewadi, Expressway bypass and the Pimpri-Chinchwad Muncipal Corporation.

Kolte Patil Developers is a real estate developer engaged in residential and commercial projects. The ISO 9001:2000 certified company is engaged in residential projects, integrated townships, information technology parks, commercial complexes. It develops and constructs properties mainly in Pune and Bangalore.

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