Kolte-Patil Developers Q3 Sales Booking Up 28% At Record Rs 716 Crore

Realty firm Kolte-Patil Developers on Friday reported a 28% growth in its sales booking at Rs 716 crore for the quarter ended December 2022 on better demand.

Its sales booking stood at Rs 561 crore in the year-ago period.

The Pune-based company in a regulatory filing said it has achieved the highest-ever quarterly pre-sales numbers by value and volume during Q3 FY23.

Kolte-Patil said it achieved sales value of Rs 1,528 crore during April-December 2022-23, a rise of 23% from Rs 1,238 crore in the year-ago period.

The company is expanding presence in Mumbai and Bengaluru.

It has developed and constructed over 50 projects including residential complexes, integrated townships, commercial complexes and IT parks, covering a saleable area of around 23 million square feet across Pune, Mumbai and Bengaluru.

The company markets its projects under two brands -- "Kolte-Patil" for the mid-income segment and "24K" to cater the premium luxury segment.