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Sunteck Realty has reported 40 per cent growth in its sale bookings to Rs 635 crore during the latest December quarter, driven by bullish housing demand. In a regulatory filing late Friday, Sunteck Realty said the company's sale bookings or pre-sales in the year-ago period was Rs 455 crore. During April-December period of 2024-25, the company's pre-sales registered a growth of 34%.
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The slum rehabilitation authority (SRA), Brihanmumbai confirmed the appointment of Oberoi Realty as the developer in respect of the slum rehabilitation scheme for lands admeasuring approximately 10,300 sq meter situated at Bandra Reclamation, Mumbai. The said land is owned by Maharashtra Housing and Area Development Authority (MHADA).
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Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the rejection of the settlement proposal.
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