Kolte-Patil Developers Reports Highest-Ever Quarterly Sales of Rs. 1,019 Crore in Q2 FY27
Pune, October 13, 2026: Kolte-Patil Developers Limited recorded its highest-ever quarterly sales value of Rs. 1,019 crore for the second quarter ending September 30, 2026, marking a 52% year-on-year growth, according to a press release issued by the company.
For the first half of FY27, the developer achieved record sales of Rs. 1,636 crore, representing a 27% increase compared to H1 FY26. Total collections for Q2 FY27 grew 33% year-on-year to Rs. 795 crore, while H1 FY27 collections reached Rs. 1,509 crore, up 32% year-on-year. The company’s average realization for H1 FY27 rose 10% year-on-year to approximately Rs. 8,368 per square foot.
Sales were driven by the launch of approximately 1 million square feet at ‘Vyana at The Reserve’ in Vadgaon, Pune, which generated sales of Rs. 616 crore during the quarter. In addition, the developer expanded its Mumbai Metropolitan Region footprint by signing six redevelopment projects across Mumbai’s Western and Central suburbs and Navi Mumbai, representing an estimated combined gross development value of Rs. 6,000 crore.
“Our robust performance in Q2 and H1 FY27, with record quarterly and half-yearly sales and strong collections, reflects the resilience of our business,” Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil Developers Limited, said. “The landmark launch of ‘Vyana at The Reserve’ and sustained sales across our ongoing portfolio demonstrate our brand’s appeal and the relevance of our offerings.”
“While demand has softened in the near term across the broader market, particularly in Pune, we have continued to deliver strong business momentum,” Parandekar added. “The long-term fundamentals of India’s residential real estate market remain favourable, driven by urbanisation, rising aspirations and an increasing preference for quality housing. The sector is also witnessing consolidation, with established developers well positioned to benefit from evolving homebuyer preferences. With an established presence across Mumbai, Pune and Bengaluru, we see significant opportunities to deepen our market presence and expand our development portfolio.”
