Sunteck Realty Witnesses Impressive Growth in Sales Bookings
Mumbai-based real estate developer, Sunteck Realty, reports a 40% surge in sales bookings in the December quarter, totaling Rs 635 crore. Pre-sales also grew by 34% during the April-December 2024-25 period, reaching Rs 1,661 crore.
Real EstateSunteck RealtyMumbaiSales BookingsPresalesReal Estate MumbaiJan 11, 2025
This remarkable growth is attributed to the robust demand in the housing sector.
According to a regulatory filing on Friday, the company's sales bookings, also known as pre-sales, were Rs 455 crore in the same period the previous year, demonstrating a clear upward trend.
In addition to the strong quarterly performance, Sunteck Realty's pre-sales figures for the April-December period of 2024-25 rose by 34%, reaching Rs 1,661 crore from Rs 1,237 crore during the same period last year.
This significant growth highlights the company's strong market position and the increasing demand for residential properties in the region.
Sunteck Realty has been a prominent player in the Mumbai real estate market for several years, known for its quality developments and customer satisfaction.
The company's recent success can be attributed to a combination of strategic project launches, competitive pricing, and a focus on customer needs.
With a diverse portfolio that includes residential apartments, commercial spaces, and integrated townships, Sunteck continues to attract a wide range of buyers.
The real estate sector in Mumbai has been experiencing a resurgence, driven by factors such as improved infrastructure, government initiatives, and a growing economy.
This has created a favorable environment for developers like Sunteck Realty to thrive.
The company's strong sales performance is a testament to its ability to capitalize on market opportunities and deliver value to its investors and customers.
Looking ahead, Sunteck Realty is optimistic about the future.
The company plans to continue its focus on quality development and customer satisfaction, while exploring new markets and opportunities.
With a strong track record and a robust pipeline of projects, Sunteck is well-positioned to maintain its growth trajectory and further strengthen its market position in the years to come.
Frequently Asked Questions
What is the percentage growth in Sunteck Realty's sales bookings in the December quarter?
Sunteck Realty's sales bookings grew by 40% in the December quarter, achieving Rs 635 crore.
What were Sunteck Realty's sales bookings in the same period last year?
Sunteck Realty's sales bookings were Rs 455 crore in the same period last year.
How much did Sunteck Realty's pre-sales grow during the April-December 2024-25 period?
Sunteck Realty's pre-sales grew by 34% during the April-December 2024-25 period, reaching Rs 1,661 crore.
What factors are contributing to the growth in the Mumbai real estate sector?
The growth in the Mumbai real estate sector is driven by improved infrastructure, government initiatives, and a growing economy.
What is Sunteck Realty's focus for the future?
Sunteck Realty plans to continue focusing on quality development and customer satisfaction while exploring new markets and opportunities.
Related News Articles
Raymond Ltd. Embarks on Real Estate Business Demerger
Raymond Ltd's board has approved the demerger of its real estate business, Raymond Realty, with each shareholder set to receive 1 share of Raymond Realty for every 1 share held in Raymond.
The Intersection of AR, VR, and Blockchain: A New Era in Technology
The convergence of Augmented Reality (AR), Virtual Reality (VR), and Blockchain technology is set to transform various sectors, including gaming, entertainment, education, and real estate. This article explores the potential and impact of this groundbreak
Westcon Space Acquires Strategic Land in Wagholi, Pune
Wagholi, located in the northeastern region of Pune, is a burgeoning IT hub, adjacent to the well-known Kharadi area. Westcon Space, a leading real estate developer, has recently acquired a significant plot of land in this rapidly developing area. This mo
Axis Bank Launches ‘In-App Mobile OTP’ to Enhance User Security
Axis Bank has introduced a new ‘in-app mobile OTP’ feature to protect its users from frauds and scams. This innovative security measure ensures that customers have a safer banking experience by verifying transactions through their mobile applications.
Pune Flour Mill Owner’s Wall of ‘Permission Certificates’ Goes Viral
A small flour mill in Pune has gained internet fame after its owner displayed 16 required business permissions alongside a copy of the Indian Constitution. The wall of certificates has sparked a debate about the complexities and challenges of running a small business in India.
Prominent Real Estate Developer Arrested in Multi-Crore Loan Fraud in Delhi
The Economic Offences Wing (EOW) of the Delhi Police has apprehended Anil Mithas, a well-known real estate developer from Noida, in a significant multi-crore loan fraud case.