Sunteck Realty Q3 gross sales bookings rise marginally to Rs 352 crore in December quarter

Mumbai-based Sunteck Realty on Monday reported a marginal improve in its gross sales bookings to Rs 352 crore for the quarter ended December 2021. Its gross sales bookings stood at Rs 349 crore within the year-ago interval, in line with a regulatory submitting.

Throughout April-December interval of the present fiscal, the corporate’s gross sales bookings grew by 23 per cent to Rs 800 crore from Rs 651 crore within the corresponding interval of the earlier yr.

The corporate stated that within the final 18 months, it has acquired round 23 million sq. ft of growth potential throughout 5 tasks at Vasai West, Vasind, Borivali West, Kalyan (Shahad) and Pen-Khopoli, totalling to an “estimated Gross Improvement Worth (GDV) of Rs ~20,000 crores.”

Within the forthcoming quarters, Sunteck has a slew of undertaking launches lined-up each within the premium and aspirational residential segments.

“These launches will result in continued progress momentum within the pre-sales of the corporate and thereby, develop our market share,” it added. Final week, Macrotech Builders reported a 40 per cent improve in its gross sales bookings to Rs 2,608 crore in the course of the third quarter of this fiscal from Rs 1,862 crore within the year-ago interval.

Mumbai-based Oberoi Realty has reported over two-fold leap in its gross sales bookings at Rs 1,965 crore for the third quarter ended December. Housing gross sales have been robust in the course of the October-December quarter on pent up and festive demand. Historic low rate of interest on dwelling loans is likely one of the key drivers for the elevated demand.