Pune Realtors Kolte Patil make steady progress

Q: Hi, it seems that Pune based real estate developers have made a good profit in recent times

Priyanka Vats, Pune

12th February 2014

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Hi Sneha,
Besides having main office in Pune, they have also opened a branch office in Bangalore and Mumbai. Though they entered the Mumbai market through 2 redevelopment projects, they made a strong hold of their projects in Mumbai. Heard that they have ambitious plans in next 3 years to double their revenue to Rs. 1500 crore expansion plan and have presence in more markets. Not bad for a company which, just a decade ago, was doing just Rs 10 crore worth of business.

Nitesh Patil, Pune

12th February 2014

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Yes Priyanka!!!
Pune based property developers have registered a turnover of Rs 764 crores through sales and have made a post tax margin of 17% for year ending 2013. This is just amazing to know the figures arrived when their arch rivals are struggling to keep pace with them.

Aarti Bal Pathak, Pune

12th February 2014

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Hello Aarti,
The good point is that even their share price also made a solid jump from Rs 30 to Rs 90 in recent times. As a result the board of directors have also declared a 45% of profit as dividend to its share holders. This was mainly possible because due to their sincere commitments, delivery track record was impressive and right pricing made them march towards success.

Sneha Ambedkar, Pune

12th February 2014