Business · Companies · 17 hrs ago
Kalpataru expects ₹6,500 crore in home sales bookings this fiscal year
Mumbai-based real estate company Kalpataru expects ₹6,500 crore in sales bookings this fiscal year, which runs through March 2027.
Sales bookings, also called pre-sales, are the value of homes sold before completion.
The target is 23% higher than the ₹5,280 crore booked in FY26.
In the first half of FY27, Kalpataru booked ₹2,587 crore, almost unchanged from ₹2,577 crore in the same period a year earlier.
CFO Chandrashekhar Joglekar said housing demand remains strong despite concerns about global economic uncertainty.
The company expects to make 60% of its target in the second half, when festive demand usually lifts home sales.
Kalpataru expects sales bookings of ₹6,500 crore this fiscal year, a 23% increase from the previous year.
Chief financial officer Chandrashekhar Joglekar said the company had achieved 40% of its target in the first half.
Bookings in the first half were ₹2,587 crore, compared with ₹2,577 crore in the same period a year earlier.
Joglekar expects the company to achieve the remaining 60% in the second half, when housing sales are generally higher due to festive demand.
Kalpataru's sales bookings were ₹5,280 crore in the 2025-26 fiscal year.
- Who
- Kalpataru, a Mumbai-based realty firm. Its CFO is Chandrashekhar Joglekar.
- What
- The company expects sales bookings of ₹6,500 crore this fiscal year, a 23% rise from the previous year.
- When
- The target is for this fiscal year; the company reported first-half results and expects to achieve the remaining target in the second half.
- Where
- Mumbai-based; the report gives no specific location for the sales.
- Why
- Joglekar cited strong housing demand for established players and said sales are generally higher in the second half because of festive demand.
This story does not have two clearly opposing sides.
Kalpataru's sales bookings stood at ₹5,280 crore.
Sales bookings were ₹2,587 crore, against ₹2,577 crore in the year-ago period.
Joglekar said the company expected to achieve 60% of its ₹6,500 crore target.
- Target
- ₹6,500 crore in sales bookings this fiscal year
- Year-on-year target increase
- 23%
- First-half bookings
- ₹2,587 crore
- Year-ago first-half bookings
- ₹2,577 crore
- 2025-26 fiscal-year bookings
- ₹5,280 crore
What people are saying
We have given guidance for pre-sales at ₹6,500 crore. We have already achieved 40% in the first half of this fiscal. We will be achieving 60% in the second half of this fiscal.