Kolte Patil partners with ASK Real Estate Fund to acquire land parcel in Pune

02 Apr 2014 Evaluate

Kolte-Patil Developers, a leading Pune based real estate developer, has acquired a 30 acre land parcel at Kondhwa in Pune along with ASK Real Estate Special Opportunities Fund for Rs 160 crore. The company will develop a residential housing project on the said land parcel.

This land parcel is located within Pune city limits, in the prime Katraj-Kondhwa area of South Pune. The project has excellent connectivity from the Mumbai - Bangalore Highway (NH4) and the Pune - Solapur Highway (NH9) while being in close proximity to key business areas and several prestigious educational institutions. The location is also close to several religious establishments like ISKCON, Baneshwar temple, Jain temple and Balaji temple.

Kolte-Patil Developers is a leading Pune-based real estate company incorporated in 1991. The company has developed and constructed 42 projects including 30 residential complexes, 8 commercial complexes, and 4 information technology parks across Pune and Bengaluru.

Kolte-Patil Develop. Share Price

251.85 8.05 (3.30%)
May 23, 18:01 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 229.40
NBCC (India) 33.70
Prestige EstatesProj 438.15
DLF 330.70
JMC Projects (India) 79.70
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