Kolte-Patil Posts FY26 Results After Blackstone Stake

26 May 2026 CW Team

Kolte-Patil Developers Limited (KPDL) reported audited results for the fourth quarter and full year ended 31 March 2026. The company said Blackstone acquired a 40 per cent strategic stake in FY26 and that the year involved structural changes to strengthen governance, leadership and capital allocation.

KPDL added projects with aggregate gross development value of about Rs. 22.5 bn and approximately three million square feet (mn sq ft) of saleable area. In October twenty twenty-five it acquired a seven point five acre parcel in Bhugaon with an estimated saleable area of one point nine mn sq ft and a GDV of about Rs. 14.0 bn, and in January twenty twenty-six it signed a joint development agreement for a five acre site with saleable area of one point one mn sq ft and a GDV near Rs. eight point five bn. With these additions the portfolio was said to be roughly 37 mn sq ft.

KPDL reported FY26 sales of Rs. 26.05 bn and Q4 sales of Rs. seven point one four bn. Annual collections rose to Rs. 26.89 bn, up 11 per cent, while Q4 collections were Rs. eight point three four bn, up 18 per cent. Realisation averaged Rs. 8,314 per sq ft for FY26, up seven per cent, and was Rs. 9,601 per sq ft in Q4, up 21 per cent. Total income for FY26 was Rs. eight point zero three bn and Q4 total income was Rs. two point six two bn.

Management noted that accounting under the percentage of completion method affects timing of revenue recognition and contributed to muted reported profitability. The company said Life Republic contributed about one point seven eight mn sq ft of sales and that launches totalling four point six mn sq ft occurred later in the year. Management added that a strengthened balance sheet, a robust launch calendar and the institutional partnership position KPDL to manage near-term volatility and pursue long-term value creation.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..