Kolte-Patil Developers Reports 13% Drop in Q1 Pre-Sales to Rs 616 Crore
Kolte-Patil Developers Ltd, a leading real estate company, reported a 13% decline in sale bookings to Rs 616 crore in the first quarter of this fiscal year due to lower volumes and average price realization.
Real EstateKoltepatil DevelopersPresalesBlackstoneMarket TrendsReal EstateJul 12, 2025
In the year-ago period, the company’s sale bookings or pre-sales stood at Rs 711 crore. According to a regulatory filing on Saturday, the company informed that its sales volume in April-June FY26 fell 12.5% to 0.84 million square feet from 0.96 million square feet in the corresponding period of the preceding year.
Sales realization also dipped marginally to Rs 7,337 per square foot from Rs 7,407 per square foot. This indicates a slight reduction in the average price per square foot, which could be due to market conditions or strategic pricing adjustments.
In June, global investment firm Blackstone acquired a 14.3% equity stake in the company, signaling confidence in its long-term prospects. Established in 1991, Kolte-Patil Developers has a strong track record of constructing over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT Parks. These projects cover a saleable area of more than 30 million square feet across key cities like Pune, Mumbai, and Bengaluru.
The company’s performance in the first quarter reflects the challenges faced by the real estate sector, which has been impacted by various factors such as economic downturns, regulatory changes, and increased competition. Despite these challenges, Kolte-Patil Developers continues to focus on delivering high-quality projects and maintaining a strong presence in the market.
The company’s strategic partnerships, such as the one with Blackstone, are expected to provide it with the financial and operational support needed to navigate these challenges and capitalize on future growth opportunities. As the real estate market continues to evolve, Kolte-Patil Developers remains committed to innovation and customer satisfaction, positioning itself for sustained success in the years to come.
Frequently Asked Questions
What is the main reason for the decline in Kolte-Patil Developers' pre-sales?
The main reason for the decline in Kolte-Patil Developers' pre-sales is attributed to lower volumes and average price realization.
How much did Kolte-Patil Developers' sales volume decrease in the first quarter of this fiscal year?
Kolte-Patil Developers' sales volume decreased by 12.5% to 0.84 million square feet from 0.96 million square feet in the corresponding period of the preceding year.
What is the average price per square foot for Kolte-Patil Developers in the first quarter of this fiscal year?
The average price per square foot for Kolte-Patil Developers in the first quarter of this fiscal year is Rs 7,337.
Who acquired a 14.3% equity stake in Kolte-Patil Developers in June?
Global investment firm Blackstone acquired a 14.3% equity stake in Kolte-Patil Developers in June.
What are some of the key projects constructed by Kolte-Patil Developers?
Kolte-Patil Developers has constructed over 68 projects, including residential complexes, integrated townships, commercial complexes, and IT Parks, covering a saleable area of more than 30 million square feet across Pune, Mumbai, and Bengaluru.
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