Shares of Kolte-Patil Developers gained 4 percent intraday on Tuesday after the company expanded its presence in Mumbai by signing two new redevelopment projects in Western Suburbs. "Jay Vijay CHS is the first project located at Ville Parle East, having a total plot size of 8,979 square meters with the total area of approximately 3.4 lakh square feet. The second project, Jumbo Darshan, is located in Andheri East, with a total plot size of 7,077 square meters and a total area of the approximately 2.6 lakh square feet," the company said in its filing. In Mumbai, Pune-based real estate developer had bagged its first redevelopment project on Khar-Linking Road in August 2013. "We will continue to further concentrate in Mumbai through redevelopment and we are eyeing many more such projects," Sujay Kalele, CEO said. At 11:10 hours IST, the stock was up 3.6 percent at Rs 73.80 on the Bombay Stock Exchange.
Tuesday 18 February 2014
Kolte-Patil surges 4% on signing 2 projects in Mumbai
Shares of Kolte-Patil Developers gained 4 percent intraday on Tuesday after the company expanded its presence in Mumbai by signing two new redevelopment projects in Western Suburbs. "Jay Vijay CHS is the first project located at Ville Parle East, having a total plot size of 8,979 square meters with the total area of approximately 3.4 lakh square feet. The second project, Jumbo Darshan, is located in Andheri East, with a total plot size of 7,077 square meters and a total area of the approximately 2.6 lakh square feet," the company said in its filing. In Mumbai, Pune-based real estate developer had bagged its first redevelopment project on Khar-Linking Road in August 2013. "We will continue to further concentrate in Mumbai through redevelopment and we are eyeing many more such projects," Sujay Kalele, CEO said. At 11:10 hours IST, the stock was up 3.6 percent at Rs 73.80 on the Bombay Stock Exchange.
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