Representative image | Photo credit: Bet_Noire
Realty Firm Kolt-Patil Developers LTD sales reserves decreased 15 percent to ₹ 631 million rupees in the fourth quarter of the last prosecutor in lower volumes.
Its sales reserves were 743 million rupees in the previous year.
Sale reserves in terms of volume fell 23 percent to 0.8 million square feet during the quarter of January-March of 2024-25 of 1.03 million square feet in the corresponding period of the previous year, according to a regulatory filling on Thursday.
Duration The fiscal LTD, Kolt-Patil of Kolt-Patil of 2024-25, fell marginally by 1 percent to ₹ 2,791 million rupees of ₹ 2,822 million rupees in the previous prosecutor. The sales volume decreased by 8 percent to 3.60 million square feet of 3.92 million square feet, but the average realization increased 8 percent to ₹ 7,758 of ₹ 7,193 per square feet.
Kolt-Patil Developers Ltd, based in Pune, is one of the main real estate companies in the country.
Atul Bohra, CEO of the Kolt-Patil group or developers, said: “Duration for fiscal year 2015, we registered collections of milestones of ₹ 2,432 million rupees, reinforced by operational efficiency, solid records, sales, sales, sales, sales of sales, sales sales, sales, emerged sales, emerged sales. Spears the planned project.
The new launches contributed around 42 percent to the general sales reserves, he added.
In March of this year, Kolt-Patil developers announced that Blackstone would acquire a 40 percent participation in the company for ₹ 1,150 million rupees.
The Blackstone affiliated firm will acquire a 14.3 percent share for ₹ 417 million rupees through a preferential issue of capital shares and another 25.7 percent participation of the group of promoters ₹ 750 million rupees.
The Global Blackstone investment firm will be aware of the Indian residential market after having a significant exhibition in office, the shopping center, storage and the vertical real estate data center.
Posted on April 18, 2025