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.
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