Pune, July 16 2024: 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 ended 30th June 2024.
Summary of operational performance:
| New Area Sales | Q1FY25 | Q4FY24 | QoQ | Q1FY24 | YoY |
| Volume (million sq. ft.) | 0.96 | 1.03 | -7% | 0.93 | 3% |
| Value (Rs. crore) | 711 | 743 | -4% | 701 | 1% |
| Realization (Rs. /sq. ft.) | 7,407 | 7,226 | 3% | 7,545 | -2% |
| Collections (Rs. crore) | 612 | 592 | 3% | 513 | 19% |
Collections include contribution from DMA projects
- Achieved pre sales value of Rs. 711 crore and volumes of 0.96 million sq. ft.
- 0.6 million sq. ft. of inventory launched in the Life Republic Integrated Township
- Sustenance inventory largely contribute to the sales volumes for the quarter
- KPDL’s flagship project, Life Republic Integrated Township, registered sales volumes of 0.46 mn. sq. ft. during the reported period
- Achieved highest-ever quarterly collections of Rs. 612 crore in Q1FY25, marking a robust 19% YoY growth; indicating strong pace of registrations, sales, and construction
Commenting on the performance, Mr. Atul Bohra, Group CEO, Kolte-Patil Developers Limited said, “Q1 FY25 was marked by resilient performance, with presales reaching Rs. 711 crore. During the quarter, we registered our highest-ever quarterly collections of Rs. 612 crore, reflecting efficient project execution. 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. Our strategic focus and execution capabilities, coupled with the favorable market dynamics, give us the confidence to achieve our growth objectives and deliver value to all stakeholders.”