Realty Giant Sunteck Realty observes a Heavy Influx of Cash Flow

Mumbai based premium luxury real estate developer, Sunteck Realty Limited recently witnessed an injection of a surplus cash flow which will be utilised to further accelerate business operations.

A recent sale of 60 lakh shares (4.10%) of Sunteck Realty Limited by its wholly owned subsidiaries Satguru Infocorp Services Private Limited and Starlight Systems Private Limited have generated a substantial cash flow which shall be retained & consolidated with Sunteck Realty Limited, leading to nullifying the net debt and generating positive cash flow in the company.

Sunteck Realty Limited(SRL)focuses on a city centric development portfolio of about 52.5 million square feet spread across 32 projects.Sunteck Realty has differentiated its projects under six brands - ‘Signature’: Uber luxury residences, ‘Signia’: Ultra luxury residences, ‘Sunteck City’ & ‘Sunteck Sky Park’: Premium luxury residences, 'Sunteck Beach Residences': Marquee Luxury Destination, ‘Sunteck World’: Aspirational luxury residences, ‘Sunteck’: Commercial & Retail developments.

Currently, Sunteck Realty has 6 big ticket projects as growth engines with the recently launched Kalyan project ‘Sunteck Crescent Park’, which also marks the entry of Sunteck in the Eastern Suburbs of the Mumbai Metropolitan Region (MMR). Furthermore, Sunteck Realty project Sunteck Maxx World is nearing its completion leading to a significant revenue of Rs. 750 crores to Rs. 850 crores, which will be recognised by the end of Financial Year 2024.