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 , a prominent real estate company, has received shareholder approval for key board appointments through a postal ballot process concluded on December 28, 2025, following earlier board decisions made in November.

Shareholder Approval for Director Appointments

The company's shareholders have formally approved two significant board appointments through postal ballot:

Ms. Avani Davda's Appointment Details

Ms. Avani Vishal Davda has been appointed as an Independent Director for a five-year term from November 11, 2025, to November 10, 2030. The 46-year-old business leader brings over two decades of experience across real estate, consumer, retail, and hospitality sectors.

Ms. Davda will chair the Audit Committee and Nomination and Remuneration Committee, while also joining the Corporate Social Responsibility Committee, replacing Mrs. Sudha Pravin Navandar who resigned due to other commitments.

Mr. Dalip Sehgal's Profile

Mr. Dalip Charanjit Sehgal, aged 67, has been appointed as a Non-Executive and Non-Independent Director, not liable to retire by rotation. He holds a Bachelor's in Arts and MBA from the University of Delhi.

Strategic Context and Leadership Changes

These appointments follow earlier leadership restructuring, including the departure of Group CEO Mr. Atul Bohra and the strategic partnership with Blackstone, which acquired a 40% stake in the company.

Mr. Rajesh Patil, Managing Director, emphasized: "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 from Blackstone 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 and accelerate its growth trajectory."

These strategic moves strengthen KPDL's governance structure and position the company for future expansion in the real estate market.