News
Sunteck Realty sees growth in pre-sales
Sunteck Realty Limited (SRL), Mumbai’s premium real estate developer, announced its Q2 FY20-21 operational updates on October 7.
According to a press release, SRL saw a substantial growth in pre-sales for Q2 FY21 at Rs 200 crore; it was up by 98 pc Q-o-Q and by 96 pc Y-o-Y as well. Collections also grew at 117 per cent Q-o-Q to Rs 141 crore for FY21;
Following the resumption of operations post-lockdown in Mumbai, the company has continued its strong sales momentum, supported by its digital platform, SunteckAer, as well as various other marketing initiatives for the ready-to-move-in and nearing-ready inventory, said the release.
With the construction activity inching towards pre-COVID levels, the company remains focused on accelerating the progress across the portfolio to offset the time lost on account of the ongoing pandemic, it added.
Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd, said, “Certainly, the momentum has picked up. A combination of favourable factors such as the reduced stamp duty and low interest rates is expediting the decision time cycle for prospective customers. We are observing a trend of enhanced interest and increased demand for some of our ready-to-move-in projects.”
-
News4 weeks ago
Godrej Properties Sells Rs 3k cr+ Homes of Godrej Zenith, Gurugram, within 3 days
-
News2 weeks ago
Noida’s High-Rise Societies Face Multiple Challenges Despite Rapid Urban Growth
-
News3 weeks ago
Olive Announces Dhruv Kalro as Co-Founder
-
News4 weeks ago
Godrej Properties Sells 5000+ Homes of Rs 9.5 cr in Q4FY24, Bookings up 84% YoY
-
News3 weeks ago
Vestian: Domestic Investors Dominate Institutional Investments in Jan-Mar’24
-
News3 weeks ago
India to become the fastest-growing silver economy, housing up to 17% of the world’s elderly population by 2050: CBRE Report
-
News4 weeks ago
HRERA Gurugram Rejects Godrej Properties’ Project Extension Application, Account Frozen For Prolonged Non-compliances
-
News2 weeks ago
SKA Forays In Luxury Housing: Launches SKA Destiny One in Greater Noida, To Invest Rs 592 Crores