Kolte-Patil Developers Limited Announces Robust Sales Growth

Kolte-Patil Developers Limited, a leading Pune based real estate player with growing presence in Mumbai and Bengaluru, has announced key updates on its real estate operations during the quarter and nine months ended 31st December 2023.

Commenting on the performance, Rahul Talele, Group CEO, Kolte-Patil Developers Limited said, “We are pleased to announce robust sales growth as we capture and capitalize on the evolving demand trends. In Q3 FY24, we achieved the highest-ever quarterly pre-sales numbers of Rs. 746 crore, marking a growth of 18% QoQ. The Life Republic project in Pune achieved a historic milestone, recording the highest-ever sales volumes of 1.7 million sq. ft. during 9M FY24, underscoring the enduring value of our product offerings reflecting our commitment to excellence. Heightened economic activity, rising income levels, and interest rate stability continue to give an impetus to the historic demand for residential real estate that we have witnessed in recent times. Through this sustained positive trajectory, we are confident of meeting pre-sales growth targets on the back of a strong pipeline of upcoming launches. In line with our strategy, we actively evaluate business development opportunities to expand market share in key operating markets. Our steadfast focus on exceptional customer experience remains core as we grow across segments and geographies delivering value across stakeholder groups.”