Kolte-Patil Developers Sees Modest Growth in Sales Bookings for Q1 FY25
Pune-based Kolte-Patil Developers Ltd has reported a 1% growth in sales bookings for Q1 FY25, driven by strong housing demand.
Real EstateKolte Patil DevelopersSales BookingsFy25Indian Real EstateReal Estate PuneJul 16, 2024
According to a regulatory filing, the company's sales bookings in volume terms rose 3% to 0.96 million square feet during the April-June period of 2024-25, compared to 0.93 million square feet in the corresponding period of the previous year. However, the average sales realization declined 2% to Rs 7,407 per square feet from Rs 7,545 per square feet during the period under review.
Kolte-Patil Developers 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 is known for its commitment to quality and customer satisfaction, and has built a reputation for delivering projects on time.
The real estate sector in India has been witnessing a surge in demand, driven by factors such as low interest rates, government incentives, and a growing economy. Institutional investors have also been infusing capital into the sector, with investments of $637.9 million in Q1 FY25.
Kolte-Patil Developers' modest growth in sales bookings is a testament to the company's strong brand presence and its ability to tap into the growing demand for housing in India.
Information
Kolte-Patil Developers Ltd is a leading real estate developer in India, with a presence in Pune, Mumbai, and Bengaluru. The company has a track record of delivering quality projects on time, and has built a reputation for customer satisfaction.
Kolte-Patil Developers Ltd is a Pune-based real estate developer that has been in the industry for over two decades. 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 across Pune, Mumbai, and Bengaluru.
Frequently Asked Questions
What was the growth in sales bookings for Kolte-Patil Developers in Q1 FY25?
The company reported a 1% growth in sales bookings for Q1 FY25.
What was the sales booking value for Kolte-Patil Developers in Q1 FY25?
The company's sales bookings stood at Rs 711 crore in Q1 FY25.
What is the total saleable area developed by Kolte-Patil Developers?
The company has developed and constructed over 64 projects, covering a saleable area of more than 28 million square feet across Pune, Mumbai, and Bengaluru.
What is the average sales realization for Kolte-Patil Developers in Q1 FY25?
The average sales realization declined 2% to Rs 7,407 per square feet from Rs 7,545 per square feet during the period under review.
What is the trend in the Indian real estate sector?
The real estate sector in India has been witnessing a surge in demand, driven by factors such as low interest rates, government incentives, and a growing economy.
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