This growth was driven by a strong response to new launches along with steady demand across the existing portfolio. Life Republic, Kolte-Patil’s flagship integrated township project, continued to see healthy traction, contributing 0.37 million sq ft of sales during the quarter and 1.78 million sq ft for the full year FY26.
Average price realisation remained robust, supported by steady demand, disciplined pricing and a higher contribution from the Mumbai portfolio. The company recorded a peak realisation of Rs 9,601 per sq ft in Q4FY26, up 10% sequentially and 21% year-on-year. For the full year, realisations stood at Rs 8,314 per sq ft, marking a 7% increase over the previous year.
Collections also hit record levels, with the company reporting Rs 834 crore for the quarter and Rs 2,689 crore for FY26. Strong sales momentum, combined with disciplined execution on the ground, contributed to a healthy five-year CAGR of 19% in collections.
On the business development front, the company acquired projects in Bhugaon during FY26 with a total gross development value of around Rs 2,250 crore, covering approximately 3 million sq ft. The area is emerging as a preferred residential destination, supported by improving infrastructure, better connectivity to key employment hubs, relative affordability and rising demand for low-density, nature-integrated living.
In a significant strategic move, funds affiliated with Blackstone acquired a 40% stake in the company during the year. The company also strengthened its leadership team with key additions, which it expects will support future growth and performance.
“FY26 has been a defining year for the Company with the onboarding of Blackstone as a strategic partner,” the management said. Also Read: Gujarat Gas rises 7% after Nomura upgrade. Is the Iran war a buying opportunity?
“This strategic transition lays the foundation for future growth as we redefine guardrails to improve efficiencies and governance across functions. During the year under review, we continued to witness steady demand across key micro-markets, underscoring the resilience of the residential real estate sector,” it added.
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