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The Top 50 Real State & Infra Company- RANK 37, Sunteck Realty, Kamal Khetan, CMD

Cover Story

Sunteck Realty received an overwhelming response for recently launched Phase I of its project Sunteck West World at Naigaon and has sold more than 2,000 apartments out of the total inventory of 2,476 apartments with sales of more than Rs 600 crore.
In quarter ended June, the company reported 67% year-on-year jump in consolidated net profit at Rs 59 crore. Revenue from operations rose 58% to Rs 211 crore led by improved new bookings and collections. The improvement in market sentiments with increased traction for its BKC and ODC, Goregaon west projects led to strong growth in the operational performance. In the forthcoming quarter, the realty developer is looking to be present across the pricing spectrum in the residential segment, under the asset light joint development model. The company is also looking at picking up distressed projects within Mumbai Metropolitan Region (MMR).
Sunteck Realty is a Mumbai-based development company, catering to the premium ultra-luxury and luxury residential segment.

In the forthcoming quarter, the realty developer is looking to be present across the pricing spectrum in the residential segment, under the asset light joint development model.

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Latest Issue

May 2020
11 May 2020