sunteck realty

The company is focusing on building a rental portfolio from commercial projects. It has already preleased the entire project of Sunteck BCK51 at BKC Junction for lease tenure of 29 years. It is looking to pre-lease Sunteck Icon also at BKC Junction.
• The management plans to launch the new project at Kalyan along with new activation launch of towers in existing projects during the year.
• From FY18 to FY21 the company has delivered compounded annual growth rate (CAGR) in pre-sales of 21%. It expects to deliver pre-sales growth of ~20%-30% on compounded annual basis, going forward.

• At ODC, Goregaon the company has three launched projects i.e., Sunteck City Avenue 1, Avenue 2 and 4th Avenue and the balance inventory for the three projects together stands at ₹250 crore. Fromthe launched phases of Sunteck Naigaon i.e., Sunteck West World, Sunteck One World and Sunteck Maxx World the balance inventory to be sold stands at ~₹400 crore. Whereas for Vasai West, theinventory to be sold from the launched phase is ~₹600 crore.
• It will continue to target new acquisitions in the MMR (Mumbai Metropolitan Region) with focus on uber luxury segment and mid-income segment.