Sunteck Realty Sees 33% Surge in Pre-Sales to Rs 524 Crore for Q2 2024-25
Real estate major Sunteck Realty has reported a significant 33% year-on-year increase in pre-sales, reaching Rs 524 crore for the quarter ended September 2024. The company's collections also saw a 25% rise to Rs 267 crore. Sunteck Realty, known for its ci
Real EstateSunteck RealtyPresalesMumbai ProjectsInternational ProjectsReal Estate MumbaiOct 14, 2024
Sunteck Realty is renowned for its focus on city-centric development. The company's portfolio spans approximately 52.5 million square feet across 32 projects. Currently, Sunteck is working on three highly anticipated projects. One of these is located in the prestigious Nepean Sea Road in South Mumbai, another in the Bandstand locality of Bandra, and the third is an international project in Dubai's Burj Khalifa community area.
Sunteck Realty's strategic approach to development has positioned it as a leader in the real estate sector, particularly in Mumbai. The company's commitment to delivering high-quality, city-centric projects has been a key driver of its success. The robust growth in pre-sales and collections reflects the confidence of homebuyers and investors in Sunteck's projects and the overall market demand in these premium locations.
According to the company, the strong performance is a testament to its robust business strategy and the growing demand for well-located, high-quality residential and commercial properties. Sunteck Realty continues to focus on delivering value to its stakeholders by leveraging its deep industry expertise and strong market presence.
With a strong pipeline of projects and a focus on sustainable growth, Sunteck Realty is well-positioned to capitalize on the opportunities in the real estate market. The company's commitment to innovation and customer satisfaction is expected to drive further growth and巩固 its leadership in the industry.
Sunteck Realty is a leading real estate developer in India, known for its city-centric projects. The company has a development portfolio of over 52.5 million square feet across 32 projects, with a strong presence in Mumbai and an expanding international footprint. Sunteck Realty is committed to delivering high-quality, sustainable, and innovative real estate solutions to its customers.
Frequently Asked Questions
What is the percentage growth in pre-sales for Sunteck Realty for the quarter ended September 2024?
Sunteck Realty reported a 33% year-on-year growth in pre-sales for the quarter ended September 2024.
How much did Sunteck Realty's collections increase in the quarter ended September 2024 compared to the same period last year?
Sunteck Realty's collections increased by 25% in the quarter ended September 2024, reaching Rs 267 crore.
What is the total pre-sales amount for the first half of 2024-25 fiscal year for Sunteck Realty?
The total pre-sales amount for the first half of the 2024-25 fiscal year for Sunteck Realty is Rs 1,026 crore.
Where are Sunteck Realty's current major projects located?
Sunteck Realty's current major projects are located in Nepean Sea Road in South Mumbai, the Bandstand locality of Bandra, and an international project in Dubai's Burj Khalifa community area.
What is the total development portfolio of Sunteck Realty in terms of square footage?
Sunteck Realty's total development portfolio spans approximately 52.5 million square feet across 32 projects.
Related News Articles
Cracking Down on GST Evasion: Pune's Fake Invoice Racket Busted
A fake invoice and ITC trading racket was busted in Pune by the CGST Commissionerate, with two arrests made and Rs 3.25 crores recovered so far.
MNS Eyes 20 Seats in Maharashtra Assembly Polls, May Field Raj Thackeray's Lieutenant in Worli
Raj Thackeray-led Maharashtra Navnirman Sena (MNS) demands 20 seats from BJP, may field Sandeep Deshpande against Aaditya Thackeray in Worli
Bombay High Court Backs Maharashtra Government's Lease Rent Hike in Bandra
The Bombay High Court has upheld the Maharashtra government's decision to increase lease rent in Mumbai's Bandra, citing the area's high-end real estate status.
Hyderabad Real Estate Company Fined Rs 4.27 Lakh for Unregistered Project Ad
Hyderabad-based real estate company faces significant penalties for promoting a residential project before obtaining necessary registrations, highlighting the importance of adherence to RERA guidelines.
Income Tax Seizes Benami Properties Linked to Pintail-Amravati Group
The Income Tax Department has attached prime land parcels and properties linked to the Pintail-Amravati real estate group. The investigation revealed that key individuals, including Chaturvedi and his network, may have been involved in a complex scheme to
Vinod Goenka: A Visionary Leader in Real Estate
Vinod Goenka's leadership at Valor Estate reflects a deep understanding of the industry's complexities and a commitment to driving positive change.