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

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