Kolte-Patil's Q2 sales climb 52% on Vyana at The Reserve in Pune

Kolte-Patil Developers Limited reported its highest-ever quarterly sales of Rs 1,019 crore for the second quarter of FY27, a rise of 52% over the Rs 670 crore recorded in the same quarter last year. The figure was disclosed in an exchange filing dated 13 October 2026, which also covered collections and half-year performance.

The Pune-headquartered developer posted record half-yearly sales of Rs 1,636 crore for the April to September period, up 27% year on year. The quarter was led by the Vyana launch at The Reserve in Vadgaon, Pune, which contributed Rs 616 crore on its own. Collections rose 33% to Rs 795 crore in the quarter, taking half-year collections to Rs 1,509 crore, up 32%.

Sales, collections and pricing in the quarter

Vyana at The Reserve is the first phase of the company's 20-acre riverside development on the Sinhgad Road corridor. The residences are 2- and 3-bedroom homes with amenities. The launch was announced on 10 September 2026, and more than 600 apartments were booked with sales crossing Rs 600 crore within 60 hours. The company said roughly one million square feet was launched in the quarter at Vyana and described it as its strongest single-launch performance.

• Q2 FY27 sales: Rs 1,019 crore, up 52% year on year
• H1 FY27 sales: Rs 1,636 crore, up 27% year on year
• Q2 FY27 collections: Rs 795 crore, up 33% year on year
• H1 FY27 collections: Rs 1,509 crore, up 32% year on year
• Vyana at The Reserve contribution to Q2 sales: Rs 616 crore

Average realisation for the first half rose 10% year on year to about Rs 8,368 per sq ft. The company attributed the increase to strategic price revisions and a higher contribution from its Mumbai projects. For the second quarter alone, realisation was about Rs 7,829 per sq ft, compared with Rs 7,823 a year earlier, which means the price gains were concentrated in the first half.

Hrishikesh Parandekar, Chief Executive Officer, said the Vyana launch and sustained sales across the ongoing portfolio reflect the appeal of the brand.

The Vadgaon location

The Reserve sits about 400 metres from Sinhgad Road in Vadgaon, on the Pune corridor that links the Khadakwasla area with Swargate. Sinhgad Road is connected to NH 48, and the area is close to the Pune-Bangalore highway. Vadgaon Budruk has PMPML bus connectivity to Pune city, with frequent buses running from Swargate towards Dhayari.

Working professionals have a short commute to several established employment hubs, with Navale IT Park, Teerth Technospace and Symphony IT Park cited as accessible from Sinhgad Road. Housing demand has been expanding into the Sinhgad Road and Vadgaon belt through the first half of 2026, supported by nearby schools, hospitals, retail and civic amenities. Planned improvements to city road and transport infrastructure are expected to further strengthen connectivity in the region.

The wider project is expected to offer about 5 million sq ft of potential saleable area with an expected gross development value of Rs 4,000 crore, to be launched in multiple phases.

About Kolte-Patil Developers

Kolte-Patil Developers Limited was incorporated in 1991 and is headquartered in Pune, with operations across Pune, Mumbai and Bengaluru. The company has developed more than 80 projects covering over 34 million square feet of saleable area. It is backed by Blackstone.

The company entered the Mumbai Metropolitan Region in 2013 with a focus on society redevelopment, and has built a growing redevelopment portfolio there. Hrishikesh Parandekar was appointed Chief Executive Officer on 19 August 2026, and Rajesh Patil is the Managing Director.

In the first quarter of FY27, pre-sales were Rs 617 crore, collections rose 30% to Rs 715 crore, and average realisation increased 29% to Rs 9,442 per sq ft. Consolidated net profit for the quarter was Rs 146.3 crore, compared with a loss in the same quarter of the previous year.

What comes next

In August 2026, Rajesh Patil announced an expansion of the company's Mumbai redevelopment business, with six society redevelopment projects carrying a combined estimated gross development value of Rs 6,000 crore. The projects are Santacruz West at Rs 1,930 crore, Andheri West at Rs 1,420 crore, Oshiwara at Rs 800 crore, Versova at Rs 750 crore, Ghatkopar East at Rs 600 crore and Vashi at Rs 500 crore. The six projects are expected to launch over the next 6 to 12 months, subject to the requisite approvals.

At The Reserve, further phases are to be launched in stages following Vyana, keeping the Sinhgad Road development on a multi-year launch track.