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Mumbai-based real estate developer Kalpataru Ltd reported an improvement in its sales bookings, reflecting sustained housing demand in the current fiscal. The company achieved a 19% rise in pre-sales during the second quarter, amounting to INR 1,329 crore, compared with INR 1,117 crore during the same period last year. For the first half of the fiscal year, overall bookings increased 43% to INR 2,577 crore from INR 1,799 crore in the corresponding period of the previous year.
Realty firm Kalpataru Ltd announced earlier this week that its sales bookings rose by 19% during the second quarter of the ongoing fiscal year, reaching INR 1,329 crore, supported by strong housing demand. The company's pre-sales in the same quarter last year had stood at INR 1,117 crore. Advertisement
In a regulatory filing, Kalpataru further stated that its cumulative sales bookings for the first six months of the current fiscal climbed 43%, totalling INR 2,577 crore, compared with INR 1,799 crore during the same period a year earlier. The growth in bookings highlights the developer's solid performance across its residential projects amid continued buyer interest.
Headquartered in Mumbai, Kalpataru Ltd remains among the prominent real estate developers in the country, with a strong presence across key urban markets.
Kalpataru Ltd's performance in the first half of the fiscal year underlines the continued strength of India's residential real estate segment. With a notable 19% quarterly rise and a 43% half-yearly surge in sales bookings, the company appears well-positioned to sustain its growth trajectory. The upward trend also reflects improving buyer sentiment and steady demand in major housing markets.
Source - PTI
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