Kolte-Patil Developers has reported annual sales of Rs. 2,791 crore for the financial year 2024-25, reflecting a slight decline of 1% year-on-year. Despite the muted sales performance, the company successfully launched new projects with a combined gross development value (GDV) of Rs. 4,000 crore during the year, signalling continued optimism in the real estate sector.
Impact of New Launches on Sales
A significant portion of the total sales came from new launches, which accounted for 42% of the total pre-sales value. The company’s group CEO mentioned that the delay in planned project launches impacted overall sales, but the new developments demonstrated strong demand and contributed positively to the overall performance.
Growth in Collections and Average Realisations
On the collections front, Kolte-Patil Developers saw a robust 18% year-on-year growth, reaching Rs. 2,432 crore. The company also reported an 8% increase in average realisations, with Rs. 7,758 per square foot, indicating healthy demand despite the slight dip in sales volume, which stood at 3.60 million square feet, down by 8% compared to the previous year.
Strategic Business Developments
The company also made strides in business development, with the addition of a significant new project in Wadgaon, Pune, valued at Rs. 4,000 crore in GDV. This project is expected to strengthen the company’s position in the Pune market and contribute to its growth in the coming years.
Conclusion
Kolte-Patil Developers' performance in FY25 reflects a cautious yet positive outlook in a competitive real estate market. While sales saw a slight dip, the company’s continued investment in new projects, strong collection growth, and strategic land acquisitions position it well for sustained growth. The real estate sector’s demand outlook remains optimistic, supported by new launches and increasing realisations, positioning Kolte-Patil Developers for continued success.