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.

Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd, said, “Our customer-first approach has underpinned our continued strong performance. Our superior product offering coupled with strong customer servicing throughout the lifecycle of our patrons has won us the brand loyalty we command in the market today.”