Kalpataru confident of meeting ₹6,500 cr pre-sales target for FY27: CFO
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Kalpataru Ltd is confident of hitting its ₹6,500 crore pre-sales target this fiscal.
- ✓CFO Chandrashekhar Joglekar said housing demand remains "intact" despite global economic worries.
- ✓The firm achieved 40 per cent of its goal in the first half and expects strong festive demand to help reach the remaining 60 per cent.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Standard
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Realty firm Kalpataru Ltd will achieve its ₹6,500 crore pre-sales target this fiscal, a 23 per cent rise from the previous year, as housing demand remains strong for established players, a senior company official said.
In an interview with PTI, Mumbai-based Kalpataru Ltd CFO Chandrashekhar Joglekar said the company's sales bookings or pre-sales stood flat at nearly ₹2,600 crore in the first half of this fiscal.
He noted that housing demand remains "intact" despite concerns about a possible slowdown due to global economic uncertainties.
"We have given guidance for pre-sales at ₹6,500 crore. We have already achieved 40 per cent in the first half of this fiscal. We will be achieving 60 per cent in the second half of this fiscal," Joglekar said.
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