Kalpataru Targets ₹6,500 Crore Pre-Sales in FY27 Amid Steady Housing Demand
Mumbai-based real estate developer Kalpataru is confident of achieving its ₹6,500 crore pre-sales target for FY27, representing a 23% increase over the previous financial year. The company expects stronger sales in the second half, supported by seasonal demand and continued interest in residential properties.
Kalpataru recorded sales bookings of ₹2,587 crore during the first half of FY27, compared with ₹2,577 crore in the corresponding period last year. The figures indicate largely stable performance despite concerns about a possible slowdown amid global economic uncertainties.
In discussing the company’s performance, Chandrashekhar Joglekar, Chief Financial Officer, stated that demand for housing is being sustained, particularly with respect to established developers. He seemed rather confident that the company would achieve its guidance for the year. The bulk of demand is likely to be achieved in the second half of the financial year.
Festive Demand to Fuel FY27 Pre-Sales
Kalpataru has high hopes of completing the remaining 60% of its annual pre-sales target in the second half of FY27. The company has already achieved nearly 40% of its annual target of Rs 6,500 cores in the first half of the year.
Joglekar noted that there is a general seasonality associated with the housing sector, where residential sales tend to increase in the latter half of the year. Festive-season activity is expected to support this increase in bookings.
The developer's confidence comes after recording total sales bookings of ₹5,280 crore in FY26. Achieving the current target would mark a notable increase over that performance.
The difference between the first-half bookings of ₹2,587 crore and the full-year target also highlights the importance of the upcoming sales period. Kalpataru is relying on stronger second-half activity to deliver the planned growth.
Despite uncertainties in the broader global economy, the company's management remains positive about housing demand. Its latest guidance reflects expectations of continued buyer interest and improved sales momentum during the remaining months of FY27.
