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
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