Kolte-Patil Developers Limited , a prominent real estate developer, has announced its financial results for the second quarter of fiscal year 2026, showcasing growth in key operational metrics.

Operational Highlights

The company reported pre-sales value of Rs. 670.00 crore for Q2 FY26, marking a 9% increase quarter-on-quarter. Collections also saw an uptick, reaching Rs. 596.00 crore, up 8% from the previous quarter. Notably, the average price realization improved by 7% to Rs. 7,823.00 per sq. ft.

Financial Performance

For the quarter, Kolte-Patil's total income stood at Rs. 162.00 crore.

Strategic Developments

Blackstone-affiliated funds completed their stake acquisition, now holding a 40% stake in Kolte-Patil Developers.

Project Expansion

Kolte-Patil acquired 7.5 acres of land in Bhugaon, Pune in October 2025. This new acquisition is estimated to yield a saleable area of 1.9 million sq. ft. with a gross development value of Rs. 1,400.00 crore.

H1 FY26 Performance

For the first half of FY26, Kolte-Patil achieved:

• Pre-sales of Rs. 1,286.00 crore
• Sales volume of 1.70 million sq. ft.
• Collections totaling Rs. 1,146.00 crore

Portfolio Overview

The company's total portfolio stands at 37 million sq. ft., encompassing unsold inventory, development pipeline, and land bank.

Key Project Performance

Life Republic township contributed significantly with sales of 0.51 million sq. ft. during the quarter.

New Launch

Kolte-Patil expanded its presence in the Mumbai Metropolitan Region with the launch of the Serenova project in the Versova market.

The results reflect Kolte-Patil Developers' strategic initiatives in the real estate market. With a strong project pipeline, improved realizations, and strategic partnerships, the company appears well-positioned in the Indian real estate sector.

Kolte-Patil Developers Limited (KPDL), a prominent real estate company, has announced significant changes to its board composition and leadership team, signaling a strategic move to drive its next phase of growth.

Key Board Changes

The company's Board of Directors, in a meeting held on November 11, 2025, approved the following changes:

• Appointment of New Independent Director: Ms. Avani Vishal Davda has been appointed as an Additional Director (Non-Executive and Independent) for a five-year term, subject to shareholder approval. Ms. Davda brings over two decades of experience across real estate, consumer, retail, and hospitality sectors.

• Resignation of Independent Director: The Board accepted the resignation of Mrs. Sudha Pravin Navandar as Independent Director, citing other commitments.

Leadership Team Restructuring

In addition to the board changes, KPDL announced modifications to its leadership team:

• Group CEO Departure: Mr. Atul Bohra has resigned from his position as Group Chief Executive Officer to pursue opportunities outside the organization.

Committee Reconstitution

Following these changes, KPDL has reconstituted several key committees:

1. Audit Committee: Ms. Avani Davda will now chair this committee, replacing Mrs. Navandar.
2. Nomination and Remuneration Committee: Ms. Davda will also lead this committee, taking over from Mrs. Navandar.
3. Corporate Social Responsibility Committee: Ms. Davda joins as a member, replacing Mrs. Navandar.

Strategic Implications

These changes come at a crucial time for Kolte-Patil Developers, following a recent strategic partnership with global investment firm Blackstone, which acquired a 40% stake in the company. The revamped governance structure aims to blend the promoter's proven execution track record with Blackstone's global expertise across asset classes.

Mr. Rajesh Patil, Managing Director of Kolte-Patil Developers, commented on the developments: "The Board and leadership changes underscore our ambitions for the future as well as our unwavering commitment to building a strong management team. With the transformative backing of Blackstone and healthy financials, Kolte-Patil Developers is poised for its next stage of growth."

Mr. Asheesh Mohta, Head of Real Estate (India) at Blackstone and Member of the Board of Directors at KPDL, added: "Our collaboration represents a long-term commitment to India's real estate sector. The enhancements to the Board and leadership structure will empower the company to seize emerging opportunities, accelerate its growth trajectory, and achieve our shared vision of building one of the most impactful and respected platforms in the industry."

These strategic moves are expected to strengthen KPDL's position in the real estate market and set the stage for its future expansion and growth initiatives.