Sunteck Realty Limited announces Operational Update for Q1FY22

·         Pre-sales grows by 74% yoy in Q1 FY22 to Rs 176 cr

·         Collections grows by 165% yoy in Q1 FY22 to Rs 172 cr

·         Collection efficiency stood strong at 98% of Pre-sales in Q1 FY22 against 64% in Q1 FY21

Mumbai, July 12, 2021: Sunteck Realty Limited, Mumbai’s luxury real estate developer, announced its Q1 FY22 operational updates.

Rs cr
Pre-SalesSegmentQ1 FY22Q1 FY21FY2021(Full Year)
BKC ProjectsLuxury90
ODC ProjectsMid-income7641484
Naigaon ProjectsAffordable6548217
Other ProjectsMixed3512231
Total  1761011,022
Rs cr
Collections SegmentQ1 FY22 Q1 FY21FY2021(Full Year)
BKC ProjectsLuxury2695
ODC ProjectsMid-income5929278
Naigaon ProjectsAffordable4835230
Other ProjectsMixed391177
Total 17265780

Commenting on the Q1FY22 operational performance, Mr. Kamal Khetan, Chairman and Managing Director, Sunteck Realty Ltd. said: “In the quarter gone by, we continued our strong momentum in operational performance. Both pre-sales and collections witnessed sturdy growth along with high collections efficiency. The industry consolidation is leading to rise in the share of business for organized developers and Sunteck will be one of the biggest beneficiaries of this trend. Going forward, we expect to leverage our brand franchise and management expertise to evaluate new growth opportunities and thereby continue to increase our overall market share.

A key to our strong operational performance is being a dominant developer in each of the micro-markets and housing segments we are operating.  Additionally, the focus on our core strength of sales & marketing and in-house construction capabilities will enable us to sustain this strong pre-sales and collections trend going forward.”

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