Kolte-Patil Developers Q1 sales bookings flat

Kolte-Patil Developers, a real estate company, reported that their sales bookings, which is the money they expect to earn from selling properties, stayed the same at ₹617 crore in the first three months of this fiscal year.

This is similar to the same period last year.

However, the average price they got per square foot of property sold increased by 29% to ₹9,442.

This increase was because they adjusted prices in some projects and sold more properties in Mumbai.

They also collected 30% more money from customers, showing that they are doing well in completing their projects.

The company has built many projects, including homes, offices, and IT parks, in Pune, Bengaluru, and Mumbai.