The Business Bytes
TBB BUREAU
MUMBAI, APRIL 12, 2022
Sunteck Realty has recorded pre-sales of around Rs 503 crore in the quarter ended March 2022 (Q4FY22), up 43 per cent on a sequential basis and 36 per cent from a year ago.
On a full-year basis, the developer has registered pre-sales of around Rs 1,303 crore in 2021-22, up 27 per cent, making it one of its best annual performances in terms of sales.
The company has collected over Rs 404 crore during the quarter, up 50% sequentially and up 26 per cent from a year ago. Collections for the year rose 35 per cent to over Rs 1,053 crore. Both on a sequential basis as well as annual basis, this is the company’s best collection.
Additionally, collections efficiency for the year stood at 81 per cent in 2021-22, up from 76 per cent in 2020-21, the company said in a statement.
