Kolte-Patil Developers Q1 pre-sales dip 13% to ₹616 cr on lower volumes
Real estate company Kolte-Patil Developers Ltd’s sale bookings declined 13 per cent to ₹616 crore in the first quarter of this fiscal year on lower volumes and average price realisation.
Its sale bookings or pre-sales stood at ₹711 crore in the year-ago period.
In a regulatory filing on Saturday, the company informed that its sales volume in April-June FY26 fell 12.5 per cent to 0.84 million square feet from 0.96 million square feet in the corresponding period of the preceding year.
Sales realisation also dipped marginally to ₹7,337 per square feet from ₹7,407 per square feet.
In June, global investment firm Blackstone acquired 14.3 per cent equity stake in the company.
Established in 1991, Kolte-Patil Developers has constructed over 68 projects including residential complexes, integrated townships, commercial complexes and IT Parks covering a saleable area of more than 30 million square feet across Pune, Mumbai and Bengaluru.
Published on July 12, 2025
