News
Sunteck Realty’s pre-sales grow by 75 per cent in Q3


Mumbai’s real estate developer Sunteck Realty Limited (SRL) announced its Q3 and 9M FY20-21 operational updates on January 12.
According to a press release, SRL saw a robust growth in pre-sales for Q3 FY21 at Rs 349 crore; it was up by 75 pc Q-o-Q and by 7 pc Y-o-Y as well. Collections also grew at 79 pc Q-o-Q to Rs 252 crore for Q3 FY21 and by 52 per cent Y-o-Y.
As the operations resumed post lockdown, the company continued its strong sales momentum, supported by its ready-to-move-in, nearing-ready inventory as well as newly-launched projects, said the release. With the construction activity returning to pre-COVID levels, the company remains focused on accelerating the project progress across the portfolio to offset the time lost on account of the ongoing pandemic, it added.
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