Kolte Patil to develop serviced apartments

Kolte Patil Developers Ltd has announced that the Company is developing a four star category Serviced Apartments project called "Green Olive" on 7 acres of plot at Hinjawadi, Pune, catering especially to the need of IT Companies in the Rajeev Gandhi IT Park at Hinjawadi Pune.

"Green Olive" will have a mix of 100 Studio apartments as well as One Bedroom Apartments, each with a pantry and dining space to give the guests a feeling of home. It will also have 24 hours multi-cuisine restaurant that offers not only to the residents of Green Olive but also to other diners looking for a classy, yet casual place to eat.

"Green Olive" Plans to introduce a Food Court in the adjoining commercial spaces admeasuring 28650 sq.ft. that will offer quick and economical fast food, health club & shopping, will also have a swimming pool for the residents.

Being situated at the IT hub, attention has also been paid to the frequent requirement for urgent meeting, training and conference rooms.

"Green Olive" will also develop additional 85 apartments after completion of serviced apartments project.

Jyothy, eClerx, Burnpur, BGR Energy, Edelweiss Grey Market

Jyothy Lab. 690 195 to 200


Burnpur Cement Ltd. 12 4 to 5


eClerx Services 270 to 315 90 to 100


BGR Energy 425 to 480 400 to 425


Edelweiss 825 775 to 800


Renaissance Jewellery 150 25 to 30


Kolte Patil 145 60 to 70


Kaushalya Infra 60 12 to 14


SVPCL 42 - 3 to -5

Weekly Grey Market Premium Update

Reliance Power commands a premium of 65

Mundra Port & Sez has a grey market premium of 540 on a issue price of 440

Empee Distilleries grey market premium of Rs 40

Edelweiss Capital has a grey market premium to double its issue price of 725 to 825. It has a premium of 825 to 850

Varun Ind. at a issue price of 60 has premium of 50 to 55

Religare Enterprises at issue price of 185 has grey market premium of 340 to 350

Barak Valley Cement has a good premium of Rs 25 on a issue price of Rs 42

Renaissance Jewellery commands a modest premium of Rs 40

Kolte Patil will double on listing according to grey market sources - it has a premium of Rs 135

Kaushalya Infra has a modest premium of Rs 9

Jyothi Laboratories issue price is 620 to 690 and premium is 400 to 415