Kolte-Patil revenues up by 17% to Rs 103.93cr
Kolte-Patil Developers Ltd (KPDL), one of India’s leading builders and real estate developers announced results for the first Quarter of FY ’08-’09.
During the first quarter of FY ’08-’09, consolidated results reflect superior growth. Revenues have grown 17% percent, increasing from Rs 88.96 crores to Rs.103.93 crores. The Company’s PBT recorded a 37% percent increase from Rs. 34.54 crores to Rs.47.24 crores. KPDL have recently launched Lush County, a luxury housing project in association with ICICI Venture Funds Management Co. Ltd. (ICICI Ventures) and Pristine Properties. This 80-acre project located at Wagholi, will be developed over 53 acres, and will offer luxurious twin bungalows and 3-4 BHK lifestyle residences to elevate living to an experience par excellence. Kolte Patil will invest Rs 400 crore in this project.
KPDL inaugurated its first international office in Dubai with the objective to assist NRIs and other nationals looking at viable investment options in KPDL projects in India.
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