Sunteck Realty Reports 33% Year-on-Year Growth in Pre-Sales for Q2 2024
Real estate developer Sunteck Realty has reported a 33% year-on-year increase in pre-sales, reaching Rs 524 crore for the quarter ended September 2023. The company also recorded a 25% rise in collections to Rs 267 crore.
Sunteck RealtyReal EstatePresalesGrowthMumbaiReal EstateOct 14, 2024
The quarterly performance has significantly bolstered the pre-sales numbers for the first half of the 2024-25 fiscal year. Sunteck Realty's pre-sales have surged to Rs 1,026 crore, a 31.2% increase from Rs 782 crore recorded in the same period last year. Similarly, collections for the first half of the year have risen by 21.3%, reaching Rs 609 crore compared to Rs 502 crore in the previous year.
Sunteck Realty is known for its strategic focus on city-centric developments. The company's portfolio includes a diverse range of projects totaling around 52.5 million square feet across 32 locations. This extensive portfolio positions Sunteck as a key player in the real estate market, particularly in urban areas where demand for high-quality living spaces is consistently on the rise.
Currently, Sunteck Realty is actively working on three new projects. These include a project in South Mumbai’s Nepean Sea Road, another in the Bandstand locality of Bandra, and an international project in Dubai's Burj Khalifa community area. These projects are expected to further strengthen the company's market presence and attract a broader audience.
Sunteck Realty's focus on prime locations and quality developments has been a driving force behind its success. The company's commitment to delivering superior living experiences and its ability to adapt to market demands are key factors in its continued growth and strong financial performance.
Frequently Asked Questions
What is Sunteck Realty's pre-sales growth for Q2 2024?
Sunteck Realty reported a 33% year-on-year growth in pre-sales, reaching Rs 524 crore for the quarter ended September 2023.
What is the total pre-sales for the first half of 2024-25?
Sunteck Realty's pre-sales for the first half of 2024-25 reached Rs 1,026 crore, a 31.2% increase from Rs 782 crore a year ago.
How much did Sunteck Realty's collections grow in Q2 2024?
Sunteck Realty's collections grew by 25% to Rs 267 crore in Q2 2024, compared to the same period last year.
What is Sunteck Realty's total project portfolio size?
Sunteck Realty's project portfolio includes around 52.5 million square feet spread across 32 projects, focusing on city-centric developments.
What are the new projects Sunteck Realty is currently working on?
Sunteck Realty is currently working on three new projects: one in South Mumbai’s Nepean Sea Road, another in the Bandstand locality of Bandra, and an international project in Dubai's Burj Khalifa community area.
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