Sunteck Realty pre-sales, collections rise more than 10% in December quarter

Mumbai-based Sunteck Realty Ltd. on Tuesday announced that it witnessed a 12 percent growth year-on-year in its pre-sales for the December quarter. The pre-sales increased to Rs 396 crore from Rs 352 crore in the same period a year ago.

The total pre-sales in the nine-month period ending in December 2022 surged 33 percent to Rs 1,066 crore as against Rs 800 crore in the year-ago period.

Pre-sales in real estate refer to contracts that buyers and developers sign to buy or sell a property before it has been built.