Page 2 - Patil Developers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Promoters sold 22,80,132 equity shares worth Rs 110.8 crore in Kolte-Patil Developers.

Kolte Patil Developers Pvt. Ltd. enjoys a prominent place in Pune’s residential market in addition to its presence in the Mumbai and Bengaluru realty markets.

Ronald Siyoni of Sharekhan by BNP Paribas believes that Kolte-Patil is at the cusp of a strong growth trajectory, led by strong momentum in its flagship Life Republic project, sustained sales in other Pune projects, and upcoming launches in the Mumbai region.

Progressive Share Brokers has cherry-picked as many as a dozen picks for medium-to-long term across all segments including largecap, midcap and smallcap for high-risk appetite investors.

Kolte-Patil Developers has signed agreements to redevelop two housing societies in the Bangur Nagar region of Mumbai. The projects add to the company's growth and diversification strategies, with recent acquisitions extending its presence in Mumbai. New developments comprise a total of 4.8 lakh sq ft, with a revenue potential of up to Rs 950 crore ($129m). Kolte-Patil previously executed a 2.77-lakh sq ft redevelopment project in Goregaon and has 14 projects in progress in Mumbai, including five ongoing developments and another seven in the pipeline.