NSEPress Release10 Sept 2026 · 10 Sept 2026, 07:51 am
Press Release
Kolte - Patil Developers Limited · KOLTEPATIL
✦ AI Summary▲ PositiveExpansion
Kolte-Patil Developers Limited has announced a landmark launch performance for its project 'Vyana at The Reserve' in Pune, with over 600 apartments booked, translating to sales of over Rs. 600 crore in 60 hours. This is the strongest launch performance ever in the Company's history.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Kolte - Patil Developers Limited has informed the Exchange regarding a press release dated September 10, 2026, titled "Kolte-Patil Developers Marks its Strongest-ever Launch Performance with Sales of over Rs. 600 crore in 60 hours at Vyana at The Reserve , Pune".
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To, To,
The Assistant Manager, The General Manager,
National Stock Exchange of India Limited Listing BSE Limited,
Department, ‘Exchange Plaza’, Corporate Relationship Department,
Bandra Kurla Complex, 1st floor, Phiroze Jeejeebhoy Towers,
Bandra (East), Dalal Street,
Mumbai – 400051 Mumbai – 400001
Date: 10 September 2026
Subject: - Press Release - “Kolte-Patil Developers Marks its Strongest-ever Launch Performance
with Sales of over Rs. 600 crore in 60 hours at ‘Vyana at The Reserve’, Pune”
ISIN: Equity: INE094I01018 and
Debt: INE094I07049, INE094I07072, INE094I07080 and INE094I07098.
Ref: NSE Symbol and Series: KOLTEPATIL and EQ
BSE Code and Scrip Code - Equity: 9624 and 532924
BSE Security Code and Security Name – Debt: 974771 and KPDLZC33
BSE Security Code and Security Name – Debt: 976030 and 0KPDL34
BSE Security Code and Security Name – Debt: 977231 and KPDL161025
BSE Security Code and Security Name – Debt: 977351 and 0KPDL35
Dear Sir/Madam,
Please find attached herewith Press Release – “Kolte-Patil Developers Marks its Strongest-ever Launch
Performance with Sales of over Rs. 600 crore in 60 hours at ‘Vyana at The Reserve’, Pune.”
This is for your information and record.
Thanking you,
For Kolte-Patil Developers Limited
Vinod Patil
Company Secretary and Compliance Officer
Membership No. A13258
Encl. as above
KOLTE-PATIL DEVELOPERS LTD.
CIN : L45200PN1991PLC129428
Pune Regd. Office: 8th Floor, City Bay, CTS NO. 14 (P), 17 Boat Club Road, Pune - 411001, Maharashtra, India. Tel.: + 91 20 6742 9200 / 6742 9201
Bangalore Office: 121, The Estate Building, 10th floor, Dickenson Road, Bangalore 560042, India. Tel.: 080- 4662 4444 / 2224 3135/ 2224 2803
Web.: www.koltepatil.com Email id: info.kpdl@koltepatil.com
Kolte-Patil Developers Marks its Strongest-ever Launch Performance with
Sales of over Rs. 600 crore in 60 hours at ‘Vyana at The Reserve’, Pune
Pune, 10th September 2026: Kolte-Patil Developers Limited (BSE: 532924, NSE: KOLTEPATIL; KPDL),
one of India’s leading real estate developers with a strong foothold across Mumbai, Pune and
Bengaluru, today announced a landmark launch performance for its project ‘Vyana at The Reserve’
in Vadgaon (Pune), with over 600 apartments booked, translating to sales of over Rs. 600 crore in
60 hours. This is the strongest launch performance ever in the Company’s history. The velocity of
sales reflects overwhelming customer confidence, reinforcing KPDL’s leadership position in the
Pune market.
Spread over 20 acres along the established Sinhgad Road corridor, the entire project ‘The Reserve’
is a premium riverside residential development offering scenic views of the NDA Hills, expansive
open spaces and thoughtfully designed residences. The project, with a total potential saleable area
of about 5 million square feet and an expected Gross Development Value (GDV) of Rs. 4,000 crore,
will be launched in multiple phases, providing significant revenue growth runway. The first phase,
‘Vyana at The Reserve’, offers premium 2 and 3-bed residences alongside a curated range of lifestyle
amenities spanning outdoor recreation, wellness and leisure spaces and sports facilities.
The landmark launch further strengthens the Company’s momentum following its largest-ever
annual business development addition in the Mumbai Metropolitan Region (MMR), with six projects
aggregating Rs. 6,000 crore in GDV.
Commenting on the development, Mr. Hrishikesh Parandekar, Chief Executive Officer, Kolte-Patil
Developers Limited, said, “ ‘Vyana at The Reserve’ is a defining milestone for Kolte-Patil Developers
and a powerful validation of our brand strength, product strategy and deep understanding of
evolving homebuyer aspirations. Delivering our strongest-ever launch performance with this level of
absorption reflects not only the scale of demand in Pune, but also our ability to enter emerging sub-
markets with conviction, apply our execution expertise, and deliver distinctive performance at scale.
This response reinforces our conviction in building a larger, more ambitious platform across our core
markets. With a robust pipeline, disciplined growth strategy and a demonstrated ability to create
depth in new micro-markets, we are well positioned to accelerate our expansion, strengthen our
leadership position and create enduring value for our customers and stakeholders.”
About Kolte-Patil Developers Limited:
Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is one of
India’s leading real estate developers, with a strong foothold across Mumbai, Pune and Bengaluru.
In FY26, the Company entered into a strategic partnership with global investment firm Blackstone
with the latter acquiring a 40% stake in the Company following a two-phase transaction involving
the preferential allotment of equity shares and a secondary equity share acquisition from existing
promoters.
Kolte-Patil is a trusted name with a reputation for high quality standards, design-uniqueness,
corporate governance, transparency, and timely delivery of projects. The Company has developed
and constructed over 68 projects, including residential complexes, integrated townships, commercial
complexes, and IT Parks covering a saleable area of >33 million square feet across Pune, Mumbai
and Bengaluru. The Indian Green Building Council (IGBC) has certified several of the Company’s
projects. KPDL markets its projects under two brands: ’Kolte-Patil’ (addressing the mid-
premium/premium segment) and ‘24K’ (addressing the premium luxury segment).
Consolidating its leadership position in Pune, the Company forayed into the Mumbai Metropolitan
Region market in 2013, focusing on society redevelopment projects that have lower capital intensity.
The Company has signed nineteen projects (six completed, four on-going, nine future projects) till
date at prime locations across the city.
KPDL has seamlessly navigated varied economic cycles enabled by one of the lowest debt levels in
the sector. The Company’s long-term bank debt has been rated ‘AA-/Stable’, short-term bank loan
facilities as ‘A1+’ and non-convertible debentures as ‘AA-/Stable’ by CRISIL.
The Company’s growth trajectory, internal processes and corporate governance practices have
benefitted from partnerships with marquee financial institutions like KKR, JP Morgan Asset
Management, Portman Holdings, ASK Capital, Motilal Oswal, ICICI Ventures, IL&FS, Planet Smart
City and Marubeni Corporation.
Over the years, KPDL has received multiple awards and recognitions including The ET Real Estate
Awards 2026 - Residential Project - Township (West: Ongoing) for Life Republic; Asia Pacific Property
Awards – ‘25-’26 - Residential High Rise Architecture India for 24K Manor; ET Real Estate Awards ’25
- Integrated Marketing Campaign (360 Degree) for Canvas at Life Republic; Golden Bricks Awards
Dubai 2025 - Marketing Campaign of the Year for Qrious at Life Republic.
For more details on Kolte-Patil Developers Ltd., visit www.koltepatil.com
For further information, please contact:
Dipti Rajput, CFA
VP – Investor Relations
Kolte-Patil Developers Ltd.
1802/B, One BKC, BKC, Bandra (E)
Mumbai – 400 051
Tel: +91 74004 81432
Email: dipti.rajput@koltepatil.com