Sunteck Realty Witnesses 30% Slump in Sales Bookings for Q1 FY25
The real estate developer reported a decline in sales bookings to Rs 502 crore, despite a 29.7% year-on-year growth, amidst strong housing demand.
Real EstateSunteck RealtySales BookingsMaharashtra Property MarketLuxury Residential ProjectsReal Estate NewsJul 12, 2024
Despite this decline, the company's pre-sales have increased by 29.7% on a year-on-year (YoY) basis. In the year-ago period, Sunteck Realty had sold properties worth Rs 387 crore. The company's total sales bookings for the entire 2023-24 fiscal year stood at Rs 1,915 crore.
Sunteck Realty has a significant presence in the Maharashtra property market and is known for its luxurious residential projects. The company's focus on delivering high-quality properties has earned it a reputation in the real estate sector.
The decline in sales bookings may be attributed to various factors, including the ongoing pandemic and the subsequent economic slowdown. However, with the government's initiatives to boost the sector, the real estate market is expected to recover soon.
Information
Sunteck Realty Ltd is a leading real estate developer in India, known for its luxurious residential projects. The company has a significant presence in the Maharashtra property market and has delivered several successful projects across the country.
Sunteck Realty Ltd is a leading real estate developer in India, with a significant presence in the Maharashtra property market. The company is known for its luxurious residential projects and has delivered several successful projects across the country.
Frequently Asked Questions
What is the decline in sales bookings reported by Sunteck Realty for Q1 FY25?
Sunteck Realty reported a 30% decline in sales bookings to Rs 502 crore for Q1 FY25.
What is the year-on-year growth in pre-sales reported by Sunteck Realty?
Sunteck Realty reported a 29.7% year-on-year growth in pre-sales for Q1 FY25.
What is the total sales booking value reported by Sunteck Realty for the entire 2023-24 fiscal year?
Sunteck Realty reported a total sales booking value of Rs 1,915 crore for the entire 2023-24 fiscal year.
What is Sunteck Realty's presence in the Maharashtra property market?
Sunteck Realty has a significant presence in the Maharashtra property market and is known for its luxurious residential projects.
What is the expected outlook for the real estate sector?
The real estate sector is expected to recover soon, driven by the government's initiatives to boost the sector and the ongoing demand for housing.
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