Kolte-Patil Developers nets Highest-ever Pre-Sales Revenue of Rs. 770 crores

Leading Pune-based real estate company Kolte-Patil Developers Ltd., which is also becoming more and more well-known in Bengaluru and Mumbai, released its unaudited results for the second quarter and a half of 2024, which ended on September 30, 2024.

Due to strong sales and on-time project completion, collections increased from Rs. 550 crore in Q2 to a record-breaking Rs. 1,162 crore in H1FY25. We are enthusiastic about the strong launch pipeline we have in store for the second half, which will include a wide variety of projects in various micromarkets.

Together with our sustenance inventory, these releases put us in a strong position to meet our growth goal.

Expressing to the company’s performance for Q2 & H1 FY25, Atul Bohra, Group CEO, Kolte-Patil Developers Limited states, “I am happy to share that we have delivered a strong Q2FY25, achieving highest-ever quarterly pre-sales of Rs. 770 crores, setting a new benchmark for growth. The complement of offerings across segments and preferences has enabled us to continue on this strong growth trajectory. Sales contribution from our 24K luxury segment stood at 30% of the quarter's pre-sales value reflecting the sustained demand for premium and aspirational living and a clear preference for high-quality residences. Sales momentum at our Life Republic township project remains strong, further reinforcing our leadership in the Pune market.

"Strong tailwinds are currently helping the real estate industry, particularly in the mid-premium and premium segments. Demand will be further strengthened by the anticipated easing of interest rates. To take advantage of this expanding opportunity, we have a portfolio of high-potential projects, steady revenue creation, and strong client relationships. We are sure that we will close FY25 on a high note and provide our stakeholders with long-term, sustainable value as we move through the rest of the year", he added.