News
Sunteck pre-sales grow 55 pc Q-o-Q


Sunteck Realty Limited, Mumbai’s luxury real estate developer, announced its Q2 FY22 financial results on October 11.
A press release said, in the second quarter of FY2022 the company continued its robust operational momentum achieved in the first quarter. Both pre-sales and collections witnessed sturdy growth along with high collections efficiency, it said.
The pre-sales of the company grew by 55 per cent Q-o-Q and 36 per cent Y-oY to Rs 272 crore. Collections grew by 20 pc Q-o-Q qoq and 47 per cent Y-oY to Rs 207 crore, according to the release.
The company’s focus on execution of its existing portfolio complemented by strong in-house development capabilities has been an enabler in maintaining the sustained growth in cash flows, said the release further.
With projects across the pricing spectrum in MMR, the company is confident to maintain the sturdy growth in pre-sales driven by new launches as well as ready-to-move-in inventory, it added.
-
Guest Column3 weeks ago
Vertex launches its largest project, VIRAAT
-
Guest Column4 weeks ago
Planning to Invest: Consider these 5 alternate assets to put your money
-
Guest Column4 weeks ago
In 2022 PE investments in Indian real estate at $3.4 bn, at par with 2021: Savills
-
Guest Column4 weeks ago
ICRA, CRISIL enhances Commercial Paper limits of Godrej Prop to Rs 1750 cr
-
Guest Column4 weeks ago
Mirae Asset Acquires Grade-A Warehousing Space in India
-
Guest Column4 weeks ago
Propdial in talks to raise Rs 25 Crore
-
Events4 weeks ago
Celebrations at Vegas Mall, Dwarka
-
Guest Column4 weeks ago
TARC Tripundra achieves Rs 350 cr sales