Sunteck Realty Ltd, a real estate developer in India, reported a 20% annual growth in sale bookings, reaching INR 1,915 crore in the last fiscal year. This impressive achievement reflects the strong housing demand in the country. The company witnessed a 26% increase in sale bookings during the fourth quarter, amounting to INR 678 crore. Sunteck Realty expanded its portfolio by adding seven large projects in the Mumbai Metropolitan Region, with a combined Gross Development Value of over INR 30,000 crore. Additionally, the company diversified into the annuity income segment by acquiring two leased assets at Bandra-Kurla Complex, positioning itself for steady rental income.
Sunteck Realty Ltd, one of the leading real estate developers in India has reported 20 percent year-on-year growth in its sale bookings, reaching INR 1,915 crore in the last fiscal year. This achievement is a testament to the strong housing demand witnessed across the country. In the preceding fiscal year, the company's sale bookings stood at INR 1,602 crore, highlighting the significant progress in its performance. Moreover, in the fourth quarter of the last fiscal, Sunteck Realty witnessed a 26 percent increase in sale bookings, amounting to INR 678 crore, compared to INR 537 crore in the corresponding period of the 2022-23 fiscal.
Sunteck Realty has expanded its portfolio by adding seven large-scale projects in the Mumbai Metropolitan Region (MMR). These projects boast a combined Gross Development Value (GDV) of over INR 30,000 crore, highlighting the company's commitment to delivering high-quality residential and commercial properties. Furthermore, Sunteck Realty has diversified its revenue streams by venturing into the annuity income segment. The company has acquired two key leased assets at the prestigious Bandra-Kurla Complex (BKC) Junction. This strategic move positions Sunteck Realty to capitalize on the growing demand for commercial spaces and generate a steady stream of rental income.
With its financial performance, strategic acquisitions, and diversification efforts, Sunteck Realty has solidified its position as a leading player in the Indian real estate market, set for continued growth and success in the years to come.
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