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

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

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.

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.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000