Curation Team
NEW DELHI: Kolte-Patil Developers (KPDL) has reported sales of ₹616 crore in the first quarter of FY26, supported by steady momentum across key projects and a marginal sequential growth in volumes.
The company sold 0.84 million sq ft in Q1 FY26, a 5% increase quarter-on-quarter.
Customer collections stood at ₹550 crore during the quarter, in line with the contracted payment schedules. Average realization was stable at ₹7,337 per sq ft, broadly unchanged from the year-ago levels.
Atul Bohra, group CEO of the company said, “With robust launch plans in the pipeline across Pune and Mumbai, we expect momentum to build further. The Blackstone partnership reinforces our strategic direction and strengthens our ability to capitalise on future opportunities.”
The company also saw a strategic equity infusion during the quarter. On June 23, BREP Asia III India Holding Co VII, a Blackstone entity, acquired a 14.3% stake in Kolte-Patil via a preferential allotment.
