[Tmdl.edu.vn] The company’s total collections rose 49% over a year earlier to Rs 670 crore

Real estate developer Sunteck Realty on Monday reported 24 per cent year-on-year growth in pre-sales revenue in the July-September quarter of 2022-23 – to Rs 337 crore from Rs 272 crore in the same period a year earlier. The number for the first half of the year, at Rs 670 crore, was 49 per cent higher than the Rs 448 crore logged in April-September 2021.

The company’s total collections grew 60 per cent YoY to Rs 331 crore in the second quarter, and 63 per cent to Rs 616 crore in the first half. The collection efficiency for the April-September period of FY23 stood at 92 per cent, the company said in a filing to exchanges.

var adpushup = window.adpushup = window.adpushup || {};
adpushup.que = adpushup.que || [];
adpushup.que.push(function() {
adpushup.triggerAd(“4cbc6643-b533-4344-bc4b-1c337dc43234”);
});

On business development, Sunteck said it had acquired a posh land parcel of about 7.25 acres at Beverly Park, Mira Road under the JDA model. And the project, estimated to have development potential of 2.5 mn sq ft built-up area, would have a revenue potential of around Rs 3,000 crore. “After the pandemic, we have done multiple acquisitions to the tune of 25.5 mn sq ft – in Borivali West, Vasai West, Shahad-Kalyan, Vasind, Pen-Khopoli and now, Beverly Park, Mira Road,” the company said in its statement.

The company also mentioned that it had been felicitated with EDGE Green Building Pre-Certification for its four residential projects for designing them “sustainably as next-generation buildings, keeping the environment’s well-being at the centre of its mission”.

On its favourable credit ratings, Sunteck Realty said its loan facilities had achieved a long-term rating of “AA-/Positive” and short-term rating of “A1+” in a recent CARE Ratings review.

Source: https://tmdl.edu.vn/us
Copyright belongs to: Tmdl.edu.vn