Kalpataru confident of meeting ₹6,500 cr pre-sales target for FY27: CFO

Realty firm Kalpataru Ltd will achieve its Rs 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 Rs 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 Rs 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. During the first half of this fiscal, the company's sales bookings stood at Rs 2,587 crore against Rs 2,577 crore in the year-ago period. Joglekar said the housing sales are generally high in the second half because of festive demand and