Sunteck Realty Reports 40% Increase in Sale Bookings to Rs 635 Crore in Q3 FY25
Sunteck Realty has announced a 40% increase in its sale bookings to Rs 635 crore in the latest December quarter, driven by strong housing demand.
Sunteck RealtyReal EstateSale BookingsHousing DemandQ3 Fy25Real EstateJan 12, 2025
This growth is attributed to the robust and bullish housing market demand.
In a regulatory filing late Friday, Sunteck Realty stated that the company's sale bookings or pre-sales in the year-ago period were Rs 455 crore.
This indicates a substantial improvement in its financial performance.
Furthermore, during the April-December period of 2024-25, the company's pre-sales registered a growth of 34% to Rs 1,661 crore from Rs 1,237 crore in the same period the previous year.
This consistent growth highlights the company's strong market position and adaptability in a competitive real estate sector.
Mumbai-based Sunteck Realty has been a prominent player in the real estate industry, known for its high-quality residential and commercial projects.
The company's focus on customer satisfaction and innovative designs has helped it maintain a strong foothold in the market.
The recent surge in sale bookings can be attributed to several factors, including favorable economic conditions, increased consumer confidence, and a shift towards more sustainable and modern living spaces.
Sunteck Realty has been proactive in aligning its projects with these trends, ensuring that they meet the evolving needs of homebuyers.
Looking ahead, Sunteck Realty is poised to continue its growth trajectory.
The company has several new projects in the pipeline, which are expected to further boost its market presence and financial performance.
Investors and industry experts are optimistic about Sunteck Realty's future, given its strong track record and the current positive outlook of the real estate market.
Frequently Asked Questions
What is the percentage increase in Sunteck Realty's sale bookings for Q3 FY25?
Sunteck Realty's sale bookings increased by 40% to Rs 635 crore in Q3 FY25.
What were Sunteck Realty's sale bookings in the year-ago period?
In the year-ago period, Sunteck Realty's sale bookings were Rs 455 crore.
How much did Sunteck Realty's pre-sales grow from April to December 2024-25 compared to the same period last year?
Sunteck Realty's pre-sales grew by 34% from Rs 1,237 crore to Rs 1,661 crore during April-December 2024-25.
Where is Sunteck Realty based?
Sunteck Realty is based in Mumbai.
What factors contributed to the increase in Sunteck Realty's sale bookings?
The increase in Sunteck Realty's sale bookings can be attributed to favorable economic conditions, increased consumer confidence, and a shift towards more sustainable and modern living spaces.
Related News Articles
Current Gold Prices in Major Indian Cities: Latest Rates and Updates
Stay updated with the latest gold prices for 10 grams of 22-carat gold in major Indian cities across India.
Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Real Estate Entrepreneur Kamlesh Kumar Jailed in Ranchi Amid Money Laundering Probe
The Enforcement Directorate (ED) has arrested Real Estate businessman Kamlesh Kumar in Ranchi under the Prevention of Money Laundering Act (PMLA).
Navneet Rana to Skip Maharashtra Assembly Polls, Eyes Rajya Sabha Seat
Navneet Rana, a prominent political figure in Maharashtra, has announced that he will not contest in the upcoming Maharashtra Assembly elections. Instead, he is setting his sights on a membership in the Rajya Sabha. This decision comes after a series of s
Micromitti to Launch SM-REITs: A New Era for Real Estate Investment in Central India
Micromitti, a leading PropTech firm in Central India, is set to introduce Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds, and Private Equity (PE) investments, providing high-return opportunities for individual investors.
Bhopal Sees Property Rates Soar by Up to 200% in 243 Locations
Property rates in Bhopal have increased by up to 200% in 243 locations, including prime areas like Arera Colony, 10 Number Market, and MP Nagar, sparking opposition from builders and developers.