Kolte Patil Developers shines on creating residential development platform with Planet Smart City

15 Jul 2021 Evaluate

Kolte-Patil Developers is currently trading at Rs. 238.40, up by 4.45 points or 1.90 % from its previous closing of Rs. 233.95 on the BSE.

The scrip opened at Rs. 233.95 and has touched a high and low of Rs. 242.50 and Rs. 231.80 respectively. So far 41606 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 285.15 on 08-Jan-2021 and a 52 week low of Rs. 132.95 on 20-Jul-2020.

Last one week high and low of the scrip stood at Rs. 243.00 and Rs. 215.05 respectively. The current market cap of the company is Rs. 1804.34 crore.

The promoters holding in the company stood at 74.45%, while Institutions and Non-Institutions held 9.90% and 15.65% respectively.

Kolte Patil Developers has created residential development platform with Planet Smart City, the global leader in smart affordable housing, to develop 15,000 housing units. This residential platform follows the success of Universe, at Sector R10, Life Republic, which was the first co-development between KPDL and Planet Smart City. It will focus primarily on development of smart aspirational housing projects in Pune, Mumbai and Bengaluru. The partners will endeavour to grow the platform over a period of time based on suitable structures as mutually agreed upon as the right opportunities continue to emerge.

The platform will enable the company to capture opportunistic and structured outright land purchase transactions while maintaining a healthy balance sheet. It is expected to generate substantial earnings in the coming years, which will contribute significantly to the company’s growth.

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.

Kolte-Patil Develop. Share Price

345.15 -2.00 (-0.58%)
17-Mar-2025 12:23 View Price Chart
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