Kolte-Patil Developers slips after Q1 sales remain flat at Rs 617 crore
Mumbai, July 20 -- Average realizations improved 29% year on year (YoY) to Rs 9,442 per square feet during the quarter, driven by strategic price revisions across projects and a higher contribution from Mumbai projects.
Collections increased 30% YoY to Rs 715 crore in Q1 FY27 from Rs 550 crore in the corresponding quarter last year, reflecting sustained execution momentum across the project portfolio.
During the quarter, the company launched approximately 0.78 million square feet of new area. Life Republic, Kolte-Patil Developers' flagship integrated township project in Pune, recorded sales of approximately Rs 212 crore.
The Mumbai market contributed around 30% to the company's sales value during the quarter, reinforcing its growing im...
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