Sun, Jan 12, 2025 9:58 PM
Oberoi Realty to redevelop 10,300 sq meter land in Mumbai
A Flip by Shubhangi Gupta
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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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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The Lucknow Development Authority's e-auction garnered over Rs 450 crore, with 59 out of 325 properties sold, fetching bids three times their reserve prices, driven by strong demand for commercial plots. The auction saw highlights such as a Rs 1.33 crore plot selling for Rs 4.48 crore and a Rs 100-crore group housing plot.
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