Kolte-Patil Developers Sees Marginal Growth in Sales Bookings in Q1 FY25

Realty firm Kolte-Patil Developers Ltd reports a 1% growth in sales bookings at Rs 711 crore in Q1 FY25, driven by strong housing demand.

Real EstateKolte Patil DevelopersSales BookingsHousing DemandIndian Real Estate SectorReal Estate NewsJul 16, 2024

Kolte-Patil Developers Sees Marginal Growth in Sales Bookings in Q1 FY25
Real Estate News:In a regulatory filing, Kolte-Patil Developers Ltd announced a 1% growth in sales bookings, reaching Rs 711 crore in the first quarter of the 2024-25 fiscal year. This marginal increase is attributed to the continued strong demand for housing. In volume terms, the company's sale bookings rose 3% to 0.96 million square feet during the April-June period, up from 0.93 million square feet in the corresponding period of the previous year.

The average sales realization declined 2% to Rs 7,407 per square feet during the review period. Kolte-Patil Developers Ltd, a leading developer in India, 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 across Pune, Mumbai, and Bengaluru.

The company's strong performance in the first quarter is a testament to the growing demand for housing in India. With a focus on delivering high-quality projects, Kolte-Patil Developers Ltd is well-positioned to capitalize on the growth opportunities in the Indian real estate sector.

Information
Kolte-Patil Developers Ltd is a reputed real estate company in India, with a presence in Pune, Mumbai, and Bengaluru. The company is known for its commitment to delivering high-quality projects that meet the evolving needs of homebuyers.

Kolte-Patil Developers Ltd is a leading real estate company in India, with a rich legacy of developing and constructing high-quality projects across the country.

Frequently Asked Questions

What was the growth in sales bookings for Kolte-Patil Developers in Q1 FY25?

1%

What was the total sales booking value for Kolte-Patil Developers in Q1 FY25?

Rs 711 crore

What was the growth in volume terms for Kolte-Patil Developers in Q1 FY25?

3%

What is the average sales realization for Kolte-Patil Developers in Q1 FY25?

Rs 7,407 per square feet

What is the total saleable area covered by Kolte-Patil Developers' projects?

Over 28 million square feet

Related News Articles

Uncovering Shell Companies: ED's Search Operation in Mumbai Exposes Amtek Group's Money Laundering Web
Real Estate Mumbai

Uncovering Shell Companies: ED's Search Operation in Mumbai Exposes Amtek Group's Money Laundering Web

The Enforcement Directorate (ED) has seized documents of hundreds of shell companies used to hold and invest in high-value real estate and luxury properties, uncovering a massive money laundering probe involving the Amtek Group.

June 25, 2024
Read Article
Karishma Tanna Stuns in Lavender Saree: A Desi Girl Reborn
Real Estate Mumbai

Karishma Tanna Stuns in Lavender Saree: A Desi Girl Reborn

Karishma Tanna channels her inner desi girl in a stunning lavender saree. The actress, who married real estate businessman Varun in February 2022, looks breathtakingly beautiful in the traditional attire.

September 12, 2024
Read Article
Microsoft India Expands its Footprint with ₹453 Crore Land Purchase in Pune's IT Hub
Real Estate Pune

Microsoft India Expands its Footprint with ₹453 Crore Land Purchase in Pune's IT Hub

Pune real estate market sees significant investment from global tech giant Microsoft

September 13, 2024
Read Article
Godrej and Macrotech Realtors Achieve Stellar Sales of Over Rs 22,000 Crore in H1 2024
Real Estate Mumbai

Godrej and Macrotech Realtors Achieve Stellar Sales of Over Rs 22,000 Crore in H1 2024

Two of India's leading real estate firms, Godrej Properties and Macrotech Developers, have reported combined sales bookings of Rs 22,120 crore during April-September 2024, marking a 56% year-on-year growth. The majority of these sales were in housing unit

October 6, 2024
Read Article
Mumbai's B-Right RealEstate Bolsters Leadership Team for Strategic Expansion
Real Estate Mumbai

Mumbai's B-Right RealEstate Bolsters Leadership Team for Strategic Expansion

B-Right RealEstate, a prominent player in Mumbai's real estate market, has announced the appointment of key management personnel to drive its growth and expansion plans. The new hires bring a wealth of experience and expertise, particularly from their sti

October 17, 2024
Read Article
Worldwide Realty to Invest Rs 3.2 Billion in 22-Acre Manesar Project
real estate news

Worldwide Realty to Invest Rs 3.2 Billion in 22-Acre Manesar Project

Real estate consultants have noted a robust sales trend in the real estate market over the past three years. Real estate firm Worldwide Realty is set to make a significant investment of Rs 3.2 billion in a 22-acre project in Manesar.

December 16, 2024
Read Article