Kolte-Patil Developers Limited Sees Impressive Growth in Q1 FY25
Pune-based real estate developer Kolte-Patil Developers Limited (KPDL) reports strong Q1 FY25 results, driven by sustained demand in the residential real estate market.
Kolte Patil Developers LimitedReal EstatePuneMumbaiResidential PropertiesReal Estate PuneJul 29, 2024
The flagship project, Life Republic Integrated Township, contributed significantly to the sales volumes, with 0.46 million square feet sold during the quarter. KPDL aims to achieve pre-sales of INR 3,500 crore for the fiscal year, driven by strategic focus and new launches in Pune and Mumbai. The company's growth is a positive sign for homebuyers, indicating a healthy supply of new properties and potentially leading to a wider range of options and competitive pricing.
Atul Bohra, Group CEO of KPDL, highlighted the company's 'strategic focus and execution capabilities' as key factors in achieving their growth objectives. With a strong start to the fiscal year, KPDL is poised to continue its growth momentum in the residential real estate market.
Frequently Asked Questions
What was Kolte-Patil Developers Limited's pre-sales figure for Q1 FY25?
INR 711 crore
What was the year-over-year growth in collections from ongoing projects?
19%
What is the sales volume contribution of Life Republic Integrated Township?
0.46 million square feet
What is KPDL's pre-sales guidance for the fiscal year?
INR 3,500 crore
What is the expected increase in pre-sales compared to the previous fiscal year?
INR 789 crore
Related News Articles
Bhutani Group Collaborates with ED in Alleged Money Laundering Investigation
Real estate firm Bhutani Infra has announced its cooperation with the Enforcement Directorate (ED) in an ongoing investigation into alleged money laundering activities.
BDA to Unveil 50,000 Residential Sites Along PRR-2 with PPP
The Bangalore Development Authority (BDA) has announced the launch of 50,000 residential sites along the Peripheral Road Ring-2 (PRR-2) under a Public-Private Partnership (PPP) model. This initiative aims to address the growing housing demand and promote
Notandas Realty Expands into Juhu with Luxury Notan DC Project
Notandas Realty, a leading real estate developer, is set to redefine luxury living in Mumbai with the launch of its new project, Notan DC, in the prestigious Juhu area. The project promises to set a new benchmark for high-end residential developments in t
Godrej Properties: Dominating the Real Estate Market in Yelahanka
Discover how Godrej Properties is transforming Yelahanka, one of the fastest-growing residential and commercial real estate markets in North Bengaluru, into a bustling city hub.
Deepika Padukone and Ranveer Singh Rent New Flat Near Siddhivinayak Temple for Rs 7 Lakhs
Bollywood power couple Deepika Padukone and Ranveer Singh have reportedly leased a flat near the iconic Siddhivinayak Temple in Dadar, Mumbai. The news has been making rounds in the media, and here's everything you need to know.
Real Estate Agents Arrested for Raping Colleague in Hyderabad
Two real estate agents, Sanga Reddy and Janardhan, were arrested for drugging and raping their 26-year-old colleague in Hyderabad.