Kolte-Patil Developers Sees Moderate Growth in Q1 Sales Bookings Amidst Strong Housing Demand
Pune-based Kolte-Patil Developers reports 1% growth in Q1 sales bookings, driven by strong housing demand in Pune, Mumbai, and Bengaluru.
Real EstateKolte Patil DevelopersSales BookingsHousing DemandPuneReal Estate PuneJul 16, 2024
According to regulatory filings, the company's volume sales rose 3% to 0.96 million square feet during the April-June period of the 2024-25 fiscal, up from 0.93 million square feet in the corresponding period the previous year. Although the average sales realisation saw a small decline of 2%, dropping to Rs 7,407 per square foot from Rs 7,545 per square foot in the same period last year, the company remains optimistic about the future.
Kolte-Patil Developers has established itself as a prominent player in the real estate sector, with an impressive portfolio of over 64 projects covering more than 28 million square feet across Pune, Mumbai, and Bengaluru. The company's strong presence in these cities has enabled it to capitalize on the growing demand for housing. With a focus on delivering quality projects, Kolte-Patil Developers continues to strengthen its position in the competitive real estate market.
Frequently Asked Questions
What was the growth in Kolte-Patil Developers' sales bookings in Q1?
The company reported a marginal growth of 1% in its sale bookings, reaching Rs 711 crore in the first quarter of this fiscal year.
What was the volume sales growth for Kolte-Patil Developers in Q1?
The company's volume sales rose 3% to 0.96 million square feet during the April-June period of the 2024-25 fiscal.
What is the average sales realisation for Kolte-Patil Developers in Q1?
The average sales realisation saw a small decline of 2%, dropping to Rs 7,407 per square foot from Rs 7,545 per square foot in the same period last year.
How many projects does Kolte-Patil Developers have across Pune, Mumbai, and Bengaluru?
The company has an impressive portfolio of over 64 projects covering more than 28 million square feet across Pune, Mumbai, and Bengaluru.
What is Kolte-Patil Developers' focus in the real estate market?
The company's focus is on delivering quality projects, which has enabled it to strengthen its position in the competitive real estate market.
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