Kolte-Patil Developers Sets New Sales Record with Rs. 770 Crores in Q2FY25
Kolte-Patil Developers Ltd., a leading real estate player in Pune with a growing presence in Mumbai and Bengaluru, has announced impressive sales figures for the quarter and half year ended September 30, 2024. The company achieved its highest-ever quarter
Real EstateSales ValueKoltepatilPuneMumbaiReal Estate MumbaiOct 16, 2024
In Q2FY25, KPDL achieved sales volumes of 1.03 million square feet, showcasing its strong market presence. A notable contributor to this success was the flagship project, Life Republic (LR), which alone registered sales volumes of 0.57 million square feet.
The average realizations for the quarter improved by 16% year-over-year (YoY), reaching Rs. 7,472 per square foot. This increase was largely driven by premium projects at Life Republic and 24K projects in Baner, Pimple Nilakh, and LR. The company’s collections for Q2FY25 stood at a robust Rs. 550 crores, and total collections for H1FY25 reached a new high of Rs. 1,162 crores. These figures were driven by consistent and timely execution of projects and strong sales performance.
CRISIL recently upgraded KPDL’s long-term rating to CRISIL AA-/Stable and the short-term rating to CRISIL A1+, underscoring the company’s financial strength and commitment to disciplined growth.
About Kolte-Patil Developers Ltd.Kolte-Patil Developers Ltd. is a leading real estate developer based in Pune, with a growing presence in Mumbai and Bengaluru. The company is known for its high-quality residential and commercial projects, with a focus on sustainable development and customer satisfaction. KPDL has a diverse portfolio that includes premium, mid-segment, and affordable housing projects, catering to a wide range of customer needs.
Frequently Asked Questions
What is the highest quarterly sales value achieved by Kolte-Patil Developers in Q2FY25?
Kolte-Patil Developers achieved its highest-ever quarterly sales value of Rs. 770 crores in Q2FY25.
What percentage of the sales value in Q2FY25 came from the 24K segment?
Approximately 30% of the sales value in Q2FY25 came from the 24K segment.
What is the average realization per square foot achieved by KPDL in Q2FY25?
The average realization per square foot achieved by KPDL in Q2FY25 was Rs. 7,472, a 16% YoY improvement.
What is the total collection for H1FY25 by KPDL?
The total collection for H1FY25 by KPDL reached a new high of Rs. 1,162 crores.
What are the recent ratings upgrades for KPDL by CRISIL?
CRISIL upgraded KPDL’s long-term rating to CRISIL AA-/Stable and the short-term rating to CRISIL A1+.
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