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12-Sep2018

Kolte Patil soars on witnessing sales of 500 units in Pune project since launch in August

Kolte Patil Developers is currently trading at Rs. 272.40, up by 2.70 points or 1.00% from its previous closing of Rs. 269.70 on the BSE.

The scrip opened at Rs. 268.05 and has touched a high and low of Rs. 276.90 and Rs. 268.00 respectively. So far 1445 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 404.60 on 29-Nov-2017 and a 52 week low of Rs. 175.90 on 27-Sep-2017.

Last one week high and low of the scrip stood at Rs. 277.00 and Rs. 263.50 respectively. The current market cap of the company is Rs. 2044.73 crore.

The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 13.39% and 12.11% respectively.

Kolte Patil Developers has received massive response from the home buyers for its newly launched ORO Avenue project at Life Republic. The project witnessed sales of 500 units with booking value of around Rs 186 crore since its launch in August 2018.

'ORO Avenue', a project at Life Republic Township is located near Pune's IT hub, Hinjawadi. The project comprises of 22 storey high-rise towers with more than 70% area free of building footprint, buyers have access to more than 20 lifestyle amenities including aroma garden, party spaces, cricket practice net, mini soccer field, palm court, swimming pool, skating rink, etc. Last but not the least, the convenient location and multiple connectivity options makes it the best buy for all home buyers.

Kolte Patil Developers is a leading real estate company. The company has developed and constructed over 50 projects including residential complexes, commercial complexes and IT Parks covering a saleable area of approximately 15 million square feet across Pune and Bengaluru.



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