Kolte-Patil Developers moves up on signing joint development project in Pune
Kolte-Patil Developers is currently trading at Rs. 307.05, up by 0.70 points or 0.23% from its previous closing of Rs. 306.35 on the BSE.
The scrip opened at Rs. 302.60 and has touched a high and low of Rs. 319.95 and Rs. 302.60 respectively. So far 15178 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 574.00 on 10-Apr-2024 and a 52 week low of Rs. 271.00 on 14-Jan-2025
Last one week high and low of the scrip stood at Rs. 319.95 and Rs. 273.40 respectively. The current market cap of the company is Rs. 2321.55 crore.
The promoters holding in the company stood at 69.45%, while Institutions and Non-Institutions held 9.01% and 21.54% respectively.
Kolte-Patil Developers has signed a joint development deal for a residential /mixed used project located at Wadgaon Khurd, on Sinhagad road, Pune. The project with the total potential saleable area of around 5 million square feet has an expected Gross Developable Value (GDV) of around Rs 4,000 crore.
Spread over 22 acres within Pune Municipal Corporation Limit, this land is strategically located in South-West part of Pune and boasts scenic surroundings and seamless connectivity to CBD Pune and West-Pune zone. It offers breathtaking views of the Mutha River to the north, a serene garden reservation to the south ensuring an unobstructed view, and a 90-meter proposed ring road alongside park reservations to the west. The project has well-established access to social infrastructure, with schools, hospitals, shopping malls and entertainment hubs conveniently located within a 2-kilometer radius.
Kolte Patil Developers is a leading real estate company.
