Kolte-Patil Developers Q4 Sale Bookings Fall 15% To Rs 631 cr; FY25 Sales Dip 1% To Rs 2,791 cr

New Delhi: Realty firm Kolte-Patil Developers Ltd's sale bookings declined 15 per cent to Rs 631 crore in the fourth quarter of last fiscal on lower volumes.

Its sale bookings stood at Rs 743 crore in the year-ago period. Sale bookings in volume terms fell 23 per cent to 0.8 million square feet during January-March quarter of 2024-25 from 1.03 million sq ft in the corresponding period of the preceding year, according to a regulatory filing on Thursday.

During the full 2024-25 fiscal, Kolte-Patil Developers Ltd fell marginally by 1 per cent to Rs 2,791 crore from Rs 2,822 crore in the preceding fiscal. Sales volume declined 8 per cent to 3.60 million square feet from 3.92 million square feet, but average realisation rose 8 per cent to Rs 7,758 from Rs 7,193 per square feet.

Pune-based Kolte-Patil Developers Ltd is one of the leading real estate firms in the country. Atul Bohra, Group CEO of Kolte-Patil Developers, said, "During FY25, we recorded milestone collections of Rs 2,432 crore, reinforced by operating efficiency, strong registrations, sales, construction and customer engagement.