Kolte-Patil Developers Reports 13% Drop in Q2 Pre-Sales to ₹670 Crore
Pune-based real estate giant, Kolte-Patil Developers, reports a 13% decline in Q2 pre-sales to ₹670 crore, reflecting a slowdown in the Indian residential market.
Real EstateKoltepatil DevelopersPresalesIndian Residential MarketProperty MarketReal Estate PuneOct 15, 2025
Its sales bookings or pre-sales stood at Rs 770 crore in the year-ago period, marking a significant drop. In a regulatory filing on Tuesday, Pune-based Kolte-Patil Developers informed that the sales volumes dipped 17 per cent to 0.86 million square feet during the July-September period of this fiscal from 1.03 million square feet in the corresponding period of the preceding year.
During the first six months of this fiscal, the company's sales bookings fell 13 per cent to Rs 1,286 crore from Rs 1,481 crore in the corresponding period of the preceding year. Sales bookings in volume terms declined 15 per cent to 1.70 million square feet during the April-September period of this fiscal from 1.99 million square feet in the year-ago period.
Many property consultants have reported that the housing sales fell during the July-September quarter across the top 7-8 major cities, citing various reasons including high prices and a lesser supply of affordable homes. Builders and brokers are hoping that demand will bounce back during the current festive quarter.
Recently, the company acquired 7.5-acre land in Pune to build a housing project worth about Rs 1,400 crore. The upcoming project will have an estimated saleable area of around 1.9 million square feet. The company did not disclose either the name of the seller of this land parcel, and also the acquisition cost.
Kolte-Patil has developed and 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. Kolte-Patil Developers is one of the leading real estate companies in the country, known for its high-quality developments and strong market presence.
Frequently Asked Questions
What is the reason for the decline in pre-sales for Kolte-Patil Developers?
The decline in pre-sales is attributed to a slowdown in the Indian residential market, with fewer sales volumes and higher prices affecting demand.
How much did Kolte-Patil Developers' sales bookings decline in the first six months of the fiscal year?
The company's sales bookings fell 13 per cent to Rs 1,286 crore from Rs 1,481 crore in the corresponding period of the preceding year.
What new project is Kolte-Patil Developers planning to build in Pune?
Kolte-Patil Developers recently acquired 7.5-acre land in Pune to build a housing project worth about Rs 1,400 crore with an estimated saleable area of around 1.9 million square feet.
What are the major cities where the housing sales have fallen according to property consultants?
Property consultants have reported a fall in housing sales across the top 7-8 major cities in India, including Pune, Mumbai, and Bengaluru.
What is Kolte-Patil Developers' market presence in India?
Kolte-Patil Developers is one of the leading real estate companies in India, known for developing over 68 projects across Pune, Mumbai, and Bengaluru, covering a saleable area of more than 30 million square feet.
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