Kolte-Patil Reports Record Collections And Steady Sales In FY26

22 Apr 2026 CW Team

The Life Republic integrated township contributed zero point three seven million square feet (mn sq. ft.) of sales in quarter four and one point seven eight million square feet in FY26, remaining the principal volume driver. The company launched approximately one million square feet in the quarter and about four point six million square feet for the year. Average price realisation rose to Rs 9,601 per sq. ft. in quarter four and Rs 8,314 per sq. ft. for FY26, up 10 per cent quarter-on-quarter and seven per cent year-on-year respectively.

Record collections were reported at Rs 8,340 mn for the quarter and Rs 26.89 bn for the year, supported by steady sales momentum and disciplined construction execution that delivered a five-year compound annual growth rate of 19 per cent in collections. New area sales volume for the year was three point one three mn sq. ft., lower year-on-year while improved realisation helped value retention. During the year the company acquired projects in Bhugaon with an aggregate gross development value of Rs 22.5 bn and about three million square feet of development potential.

Funds affiliated with Blackstone acquired a 40 per cent stake during the year and the company made senior leadership additions intended to drive performance. Management described the strategic partnership as a foundation for improved efficiencies, sharper execution and capital discipline while retaining a focus on timely delivery. Kolte-Patil reiterated its position as a leading residential developer across Pune, Mumbai and Bengaluru with a diversified portfolio and an emphasis on governance and quality.

Pune, April 16, 2026: Kolte-Patil Developers Limited reported operational results for quarter four of FY26, with new area sales of Rs 7,140 mn and quarterly collections of Rs 8,340 mn. Annual new area sales stood at Rs 26.05 bn while annual collections were Rs 26.89 bn, representing year-on-year growth in collections. The company attributed the quarter's sales to a strong response to new launches and sustained portfolio sales driven by execution. The Life Republic integrated township contributed zero point three seven million square feet (mn sq. ft.) of sales in quarter four and one point seven eight million square feet in FY26, remaining the principal volume driver. The company launched approximately one million square feet in the quarter and about four point six million square feet for the year. Average price realisation rose to Rs 9,601 per sq. ft. in quarter four and Rs 8,314 per sq. ft. for FY26, up 10 per cent quarter-on-quarter and seven per cent year-on-year respectively. Record collections were reported at Rs 8,340 mn for the quarter and Rs 26.89 bn for the year, supported by steady sales momentum and disciplined construction execution that delivered a five-year compound annual growth rate of 19 per cent in collections. New area sales volume for the year was three point one three mn sq. ft., lower year-on-year while improved realisation helped value retention. During the year the company acquired projects in Bhugaon with an aggregate gross development value of Rs 22.5 bn and about three million square feet of development potential. Funds affiliated with Blackstone acquired a 40 per cent stake during the year and the company made senior leadership additions intended to drive performance. Management described the strategic partnership as a foundation for improved efficiencies, sharper execution and capital discipline while retaining a focus on timely delivery. Kolte-Patil reiterated its position as a leading residential developer across Pune, Mumbai and Bengaluru with a diversified portfolio and an emphasis on governance and quality.

Real Estate

14 May 2026

Sri Lotus FY26 pre-sales jump 137% to ₹1,157 crore

Sri Lotus Developers & Realty Limited, a Mumbai-based developer focused on luxury and ultra-luxury residential and commercial projects, has reported a strong FY26 performance supported by robust pre-sales growth, disciplined execution and a steady redevelopment pipeline.The company announced its audited financial results for the quarter and year ended March 31, 2026, highlighting its continued net debt-free status and industry-leading realisations of ₹69,000 per sq. ft.For FY26, Sri Lotus reported total revenue of ₹769 crore, EBITDA of ₹281 crore, and profit after tax of ₹243 crore..

Infrastructure Urban

14 May 2026

Sunkonnect targets 9.6 lakh tonnes CO₂ cut in event sector

Sunkonnect has announced a plan to reduce the carbon footprint of India’s rapidly expanding event and exhibition industry by 5% over the next five years, backed by a newly launched suite of net-zero solutions.India’s event and exhibition industry was valued at around USD 14.3 billion (₹1.2 lakh crore) in 2024 and is growing at a CAGR of 7.6%. However, the sector’s environmental impact remains significant, with a single participant at a major event generating up to 2 tonnes of CO₂ emissions, largely driven by travel, which can account for as much as 90% of total emissions.Sunkonnect s..

Infrastructure Energy

14 May 2026

TBS Group’s Akanetsu commissions Tokyo green hydrogen facility

Akasaka Heating & Cooling Supply Co., Ltd. (Akanetsu), a TBS Group company, has held a commissioning ceremony for its Hydrogen Heat Source Facility, marking the start of full-scale operations from May 2026.The company supplies heating, cooling and electricity to multiple buildings in the Akasaka 5-chome district of Minato-ku, Tokyo. As part of its heat source facility renewal, Akanetsu introduced hydrogen utilisation equipment with safety-focused design, positioning green hydrogen as a next-generation energy option.The facility is being described as the first commercial initiative of its k..