Kolte-Patil Developers Reports Record Quarterly Collections of ₹612 Crore in Q1 FY25
The Pune-based real estate company saw a 3% quarter-on-quarter and 19% year-on-year increase in collections, with sales value reaching ₹711 crore.
Real EstateKolte Patil Developers LtdPuneMumbaiBengaluruReal Estate PuneJul 16, 2024
The company's sale bookings in volume terms rose 3% to 0.96 million square feet during the April-June period of fiscal 2024-25 from 0.93 million square feet in the corresponding period of the previous year. The sales value for the quarter stood at ₹711 crore, showing a 1% YoY increase despite a 4% QoQ decline. The average sales realization declined 2% to ₹7,407 from ₹7,545 per square feet during the period under review.
A significant contribution to these volumes came from the Life Republic Integrated Township, which alone registered sales volumes of 0.46 million square feet during the quarter. The company's strong performance can be attributed to its focus on delivering high-quality projects and its ability to adapt to changing market conditions.
Atul Bohra, Group CEO of Kolte-Patil Developers Ltd, expressed confidence in the company's ability to deliver stronger numbers in the upcoming quarters, driven by its planned launches spanning across Pune and Mumbai. He reiterated the company's stated pre-sales guidance of ₹3,500 crore for FY25.
Information
Kolte-Patil Developers Ltd is a leading real estate developer in India, with a presence in Pune, Mumbai, and Bengaluru. The company has developed and constructed over 64 projects, including residential complexes, integrated townships, commercial complexes, and IT parks, covering a saleable area of more than 28 million square feet.
Kolte-Patil Developers Ltd is a Pune-based real estate company that has been in operation for over [Number] years. The company is known for its commitment to delivering high-quality projects and its ability to adapt to changing market conditions.
Keywords real estate, Kolte-Patil Developers Ltd, Pune, Mumbai, Bengaluru, Life Republic Integrated Township,
FAQs
Q What was the total collection reported by Kolte-Patil Developers Ltd in Q1 FY25?
A ₹612 crore
Q What was the year-on-year increase in collections reported by the company?
A 19%
Q What was the sales value for the quarter?
A ₹711 crore
Q What was the average sales realization during the quarter?
A ₹7,407 per square feet
Q What is the company's stated pre-sales guidance for FY25?
A ₹3,500 crore
Frequently Asked Questions
What was the total collection reported by Kolte-Patil Developers Ltd in Q1 FY25?
₹612 crore
What was the year-on-year increase in collections reported by the company?
19%
What was the sales value for the quarter?
₹711 crore
What was the average sales realization during the quarter?
₹7,407 per square feet
What is the company's stated pre-sales guidance for FY25?
₹3,500 crore
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