Kolte-Patil Developers reports robust growth in Q2 FY24 despite macro uncertainties

Pune-based real estate developer Kolte-Patil Developers Ltd (KPDL) has reported strong operational and financial performance in the second quarter of FY 2023-24 (Q2 FY24), with healthy growth in new sales, collections and revenues compared to the same period last year. In its earnings release, KPDL said it achieved new sales of 0.98 million square feet […]

Kolte-Patil has a good quarter on strong real estate market

Kolte-Patil Developers reported a strong second quarter for the financial year, as the real estate recovery seen in earlier quarters continued apace. The company’s collections — a measure of the cash it managed to collect from buyers — zoomed 86% compared to the COVID-ravaged second quarter of last year, and was up 34% compared to […]

Kolte Patil earns 36% return on Pune real estate project with Portman Holdings

Builder Kolte-Patil Developers Ltd said it had generated an internal return rate of 36% on its Margosa Heights project in Pune, which it co-developed with US-based Portman Holdings. “This project sets a unique example of an Indian & an International developer/Investor working in partnership on various aspects of the project to deliver a good product […]

Kolte Patil targets 20% pre sale growth, 2,500 deliveries this year

Kolte Patil, a real estate builder based in Pune, expects to increase the pre-sales for the current financial year by approximately 20% and is targeting deliveries of around 2,500 units. “Uptick in pre-sales is expected to sustain for the rest of the year,” company said. Company is also targeting launch of two projects at prime […]