Kolte-Patil Developers reports record quarterly sales of over one thousand crore rupees

Kolte-Patil Developers Limited posted a 52 per cent jump in sales bookings, reaching 1,019 crore rupees for the July-September quarter. In the same period last year, sales bookings stood at 670 crore rupees. This marks the highest-ever quarterly sales for the company in the 2026-27 financial year. For the first half of the fiscal year, sales bookings reached a record 1,636 crore rupees, which is up 27 per cent from 1,286 crore rupees in the previous year.

Company Views And Context

Chief Executive Officer Hrishikesh Parandekar stated that the strong performance reflects the resilience of the business, driven by good demand for new and ongoing housing projects. He noted that while demand has softened in the near term across the broader market, particularly in Pune, the company has maintained strong business momentum. Parandekar also added that the long-term outlook for India's housing market remains positive due to urbanisation, rising aspirations, and a growing preference for quality homes. The Pune-based real estate firm has built over 82 projects covering more than 34 million square feet across Pune, Mumbai, and Bengaluru, with global investment firm Blackstone holding a 40 per cent stake in the company.