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
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Sebi Chief Remains Tight-Lipped on Real Estate Investment Trusts
REITs comprise a portfolio of commercial real estate assets, most of which are already leased out.
PGA of America Launches State-of-the-Art Golf Courses in Mumbai, Navi Mumbai, and Hyderabad
AIVOT Golf & Sports Management collaborates with Shapoorji Pallonji Real Estate, Stonecraft Group, and Tvastar Golf to introduce PGA of America-branded golf courses in Mumbai, Navi Mumbai, and Hyderabad, setting a new standard for golf excellence in India
Raymond Expands Real Estate Footprint with Mahim Project Deal
Raymond, in a strategic move, has signed a Joint Development Agreement for a prestigious residential project in the prime location of Mahim West, Mumbai.
Amrita Singh, Zaheer Khan Among Celebrities Investing in Mumbai's Luxury Real Estate
Amrita Singh and Zaheer Khan are among the latest celebrities making significant investments in Mumbai's luxury real estate market. Discover the trends and insights of these high-profile investments.
SP Group Raises $3.3 Billion from Five Funds to Boost Real Estate and Construction Projects
SP Group secures a significant $3.3 billion investment from five prominent funds, aimed at refinancing and expanding its real estate and construction projects. This strategic move will help the company solidify its position in the market and drive sustain