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Sunteck Realty Subsidiary Acquires 4.5 Acres of Land in Borivali West
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CNBC TV18•05-10-2026, 23:07
Sunteck Realty Subsidiary Acquires 4.5 Acres of Land in Borivali West
- •Sunteck Realty announced that its wholly owned subsidiary has acquired approximately 4.5 acres of land adjacent to New Link Road in Borivali West, Mumbai.
- •The realty firm confirmed that the acquisition transaction does not fall under a related party transaction.
- •The company reported strong financial performance with recent net profits and revenue growths across quarters.
- •Pre-sales reached around 787 crore rupees in Q1 FY27, marking a 20 percent year-on-year increase.
Key Questions Answered
Sunteck Realty announced that its wholly owned subsidiary acquired approximately 4.5 acres of land adjacent to New Link Road in Borivali West, Mumbai, confirming that the transaction is not a related party deal.графік
Sunteck Realty Ltd reported a net profit of ₹42.3 crore for the first quarter of FY27, marking a 26.4% increase year-on-year compared to ₹33.4 crore in the corresponding quarter of the previous year.
Sunteck Realty reported a 27 percent increase in consolidated net profit to Rs 63.75 crore in the March quarter of the last fiscal year, with total income rising to Rs 348.88 crore.
