Quote on Sunteck Realty Limited by Mr. Yash Gupta, Angel One Ltd
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Below is quote on Sunteck Realty Limited by Mr. Yash Gupta, Equity Research Analyst, Angel One Ltd
Sunteck Realty Limited, Mumbai based real-estate player has reported pre-sales in line with market expectations, company reported strong growth in pre-sales of 36% at ₹272 crores as compared to ₹200 crores in Q2FY21. Along with this company has reported healthy growth of 47% in collections at ₹207 crores as compared to ₹141 crores in Q2FY21.
The company continues its growth momentum in Q2FY22, both pre-sales and collections are in line with the market expectation. In this quarter company has announced a joint venture at Kalyan with the potential development of 10 mn sqft, the company is expected to complete the project in the next 9 years.
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