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Bloomberg Quint

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Kolte-Patil Q1 Business Update: Pre-Sales Dip 13% On Lower Real Estate Volumes

  • Kolte-Patil Developers' Q1 sales realisation dipped to Rs 7,337 per square feet from Rs 7,407 per square feet.
  • The company's sale bookings declined 13% to Rs 616 crore in the first quarter due to lower volumes and average price realisation.
  • Sales volume in April-June fell 12.5% to 0.84 million square feet from 0.96 million square feet in the previous year.
  • In June, Blackstone acquired a 14.3% equity stake in Kolte-Patil Developers.

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