Kolte-Patil Achieves Quarterly Pre-Sales Of Rs 770 Cr

Kolte-Patil Developers Ltd a leading Pune-based real estate player, with growing presence in Mumbai and Bengaluru, announced its un-audited results for the second quarter and half year ended 30 September 2024.

Commenting on the performance for Q2 & H1 FY25, Atul Bohra, Group CEO, Kolte-Patil Developers Limited said, “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 have 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.

Collections stood at Rs. 550 crore in Q2 and reached new highs of Rs. 1,162 crore in H1FY25 on the back of robust sales and timely execution of projects. Looking ahead, we are excited about our robust launch pipeline planned for the second half, comprising a diverse range of projects across micro-markets. These launches along with sustenance inventory position us well to achieve our growth target.

The real estate sector is currently benefiting from strong tailwinds, especially within the mid-premium and premium segments. Expected softening of the interest rates will further strengthen demand. We are equipped with a high- potential project portfolio, consistent cash generation, and deep customer connect to capitalize on this growing opportunity. As we progress through the remainder of the year, we remain confident in closing FY25 on a strong note, delivering long term sustainable value for our stakeholders.”