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Kolte-Patil Developers soars on inking two new redevelopment projects in Western Suburbs

18 Feb 2014 Evaluate

Kolte-Patil Developers is currently trading at Rs. 74.10, up by 2.75 points or 3.86% from its previous closing of Rs. 71.25 on the BSE.

The scrip opened at Rs. 71.95 and has touched a high and low of Rs. 74.30 and Rs. 71.60 respectively. So far 52786 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 110.65 on 19-Feb-2013 and a 52 week low of Rs. 49.40 on 06-Aug-2013.

Last one week high and low of the scrip stood at Rs. 80.20 and Rs. 70.90 respectively. The current market cap of the company is Rs. 562.25 crore.

The promoters holding in the company stood at 74.54%, while Institutions and Non-Institutions held 1.70% and 23.76% respectively. 

Kolte-Patil Developers, a leading Pune based real estate developer, has expanded its presence in Mumbai by signing two new redevelopment projects in Western Suburbs. The two new projects come close on the heels of the company announcing its first redevelopment project on Khar-Linking Road in August 2013.

Jay Vijay CHS is the first project located at Ville Parle East, having a total plot size of 8,979 square meters with the total area of approximately 3.4 lakh square feet. The second project, Jumbo Darshan, is located in Andheri East, with a total plot size of 7,077 square meters and a total area of the approximately 2.6 lakh square feet.

Kolte-Patil Developers is a leading Pune-based real estate company having developed and constructed 42 projects Including 30 residential complexes, 8 commercial complexes, and 4 information technology parks covering a saleable area of over 7.5 million square feet across Pune and Bengaluru.

Peers
Company Name CMP
Lodha Developers 1162.00
Prestige EstatesProj 1473.00
Dilip Buildcon 412.40
DLF 680.50
Oberoi Realty 1850.05
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