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
Pune Real Estate Market Sees 25% YoY Increase in Property Registrations
The Pune real estate market saw a significant boost in July 2024, with a 25% year-on-year increase in property registrations, driven by mid and premium options.
Welspun One Expands Footprint in NCR with 22-Acre Land Acquisition
Welspun One acquires 22-acre land parcel in NCR, to invest ₹125 crore to build logistics park, generating employment for 1200-1500 people.
The Real Reason Behind Sonakshi Sinha's Decision to Sell Her First Home
Sonakshi Sinha's decision to sell her first home in Mumbai has been making headlines, but the real reason behind it is finally out.
Mumbai-Pune Expressway: Rs 0.75 Mn Fines Recovered for Traffic Violations
The Mumbai-Pune Expressway has seen a significant number of traffic violations, resulting in the recovery of Rs 0.75 million in fines.
Kalyani Developers to Invest Rs 5300 Crore in Housing and Hotel Projects
Kalyani Developers plans a significant investment of Rs 5300 crore in residential and hospitality projects, with Rs 800 crore allocated for two hotels in North Bengaluru.
Macrotech Developers Shares Slip 5% Due to Legal Dispute Involving Abhishek Lodha
Abhishek Lodha's legal application to the high court seeks to prevent Abhidandan Lodha from marketing, promoting, or selling the same goods or services...