Kolte-Patil Displays Resilience in Q1 FY25 with Impressive Sales and Collections
Kolte-Patil Developers Limited, a leading Pune-based real estate player, has announced strong updates on its real estate operations for the quarter ended 30th June 2024.
Real EstateKolte PatilPuneMumbaiBengaluruReal Estate PuneJul 16, 2024
The Life Republic project, which is one of the largest integrated townships in Pune, registered sales volumes of 0.46 million sq. ft. during the reported period. Moreover, the company achieved its highest-ever quarterly collections of Rs. 612 crores in Q1FY25, marking a robust 19% year-over-year growth. This growth is a testament to the company's efficient project execution and registrations.
Commenting on the performance, Atul Bohra, Group CEO of Kolte-Patil Developers Limited, said, 'Q1 FY25 was marked by a resilient performance, with pre-sales reaching Rs. 711 crore. During the quarter, we registered our highest-ever quarterly collections of Rs. 612 crore, reflecting efficient project execution.'
Bohra further added, 'The current demand for residential real estate is experiencing sustained traction, and we anticipate this positive trend to continue in the near future. We are confident that our planned launches spanning across Pune and Mumbai will enable us to deliver stronger numbers in the upcoming quarters and help achieve our stated pre-sales guidance of Rs. 3,500 crore for FY25.'
Kolte-Patil Developers Limited is a leading real estate developer with a strong presence in Pune, Mumbai, and Bengaluru. The company has a diversified portfolio of residential and commercial projects, including integrated townships, residential complexes, and commercial offices.
Kolte-Patil Developers Limited is a reputed real estate developer with a strong track record of delivering quality projects. With a focus on innovation, sustainability, and customer-centricity, the company aims to provide upscale living experiences to its customers.
Frequently Asked Questions
What is Kolte-Patil's pre-sales value for Q1 FY25?
Rs. 711 crore
What is the total inventory launched in Life Republic Integrated Township?
0.6 million sq. ft.
What is Kolte-Patil's highest-ever quarterly collections in Q1FY25?
Rs. 612 crores
What is the company's stated pre-sales guidance for FY25?
Rs. 3,500 crore
Where does Kolte-Patil have a presence apart from Pune?
Mumbai and Bengaluru
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