Sunteck Realty Reports 33% Growth in Q2 Pre-Sales at Rs 524 Crore

18 Oct 2024 CW Team

Real estate developer Sunteck Realty has announced a nearly 33% year-on-year increase in pre-sales, totaling Rs 524 crore for the quarter ending September. The company’s collections for the period reached Rs 267 crore, marking a 25% rise compared to last year.

This strong quarterly performance brings the pre-sales for the first half of 2024-25 to Rs 1,026 crore, reflecting a 31.2% increase from Rs 782 crore a year prior. Additionally, collections for the first half of the year grew by 21.3% to Rs 609 crore.

Sunteck Realty maintains a city-centric development portfolio of approximately 52.5 million sq ft across 32 projects. The company is currently advancing three new projects, including one on Nepean Sea Road in South Mumbai, another in the Bandstand area of Bandra, and an international project located in Dubai’s Burj Khalifa community.

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