Sunteck Realty Reports 40% Rise in Sale Bookings to Rs 635 Crore
Mumbai-based Sunteck Realty, a leading real estate developer in the country, has reported a 40% increase in sale bookings to Rs 635 crore in the latest December quarter, fueled by strong housing demand.
Sunteck RealtyReal EstateSale BookingsHousing DemandMarket GrowthReal Estate NewsJan 11, 2025
This impressive performance is primarily driven by the robust demand in the housing market.
In a regulatory filing late Friday, Sunteck Realty detailed that the company's sale bookings or pre-sales in the year-ago period stood at Rs 455 crore.
This marks a substantial year-on-year increase, reflecting the company's strong market position and the growing confidence of homebuyers.
Furthermore, Sunteck Realty has reported that during the April-December period of 2024-25, the company's pre-sales have registered a 34% growth, reaching Rs 1,661 crore.
This is a noteworthy improvement from the Rs 1,237 crore recorded in the same period last year.
Sunteck Realty has been a prominent player in the real estate sector, known for its quality projects and customer-centric approach.
The company's success in the recent quarter underscores its ability to adapt to market trends and meet the evolving needs of its customers.
The housing sector in India has been on an upward trajectory, driven by factors such as affordable housing schemes, favorable interest rates, and a growing middle class.
Sunteck Realty's strategic focus on these trends has clearly paid off, as evident from the strong sales performance.
Looking ahead, the company is optimistic about the future and plans to continue its expansion with a keen eye on market dynamics.
Sunteck Realty's management is committed to delivering high-quality projects and creating long-term value for its stakeholders.
With a strong pipeline of projects and a robust market presence, Sunteck Realty is well-positioned to maintain its growth trajectory and continue to be a key player in the Indian real estate landscape.
Frequently Asked Questions
What is the percentage growth in Sunteck Realty's sale bookings in the December quarter?
Sunteck Realty's sale bookings have grown by 40% in the December quarter, reaching Rs 635 crore.
What were the sale bookings of Sunteck Realty in the year-ago period for the December quarter?
In the year-ago period for the December quarter, Sunteck Realty's sale bookings were Rs 455 crore.
What is the growth in Sunteck Realty's pre-sales during the April-December period of 2024-25?
During the April-December period of 2024-25, Sunteck Realty's pre-sales have grown by 34% to Rs 1,661 crore.
What factors are driving the growth in the housing sector in India?
The growth in the Indian housing sector is driven by factors such as affordable housing schemes, favorable interest rates, and a growing middle class.
What is Sunteck Realty's strategy for the future?
Sunteck Realty plans to continue its expansion with a focus on market trends and customer needs, delivering high-quality projects and creating long-term value for stakeholders.
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