Sunteck Realty rises on Sunteck MaxXWorld response
Sunteck Realty Ltd (SRL) announced that the company has received positive response for its ‘Sunteck MaxXWorld’ project located at Naigaon (Maharashtra). As a reaction to this news, the company’s shares increased by nearly two per cent.
The company launched approximately 2,000 apartments in its second phase, namely Sunteck MaxXWorld. It has already sold more than 1,600 apartments which has helped the company to generate sales of around Rs 600 crore in less than two weeks from the launch day. Sunteck MaxXWorld consists of 15 acres out of the total 150 acres, which is one of the largest townships in the western suburbs. It also consists of a proper-mix of aspirational luxury residences, entertainment and retail wherein, the retail has a high street, luxury mall with entertainment zones, multiplex, fine dining restaurants and food courts. This project is the Sunteck Realty’s second successful project in less than two months since launching 4th Avenue, Sunteck City at Oshiwara District Centre (ODC) in Goregaon (West) in Mumbai.
On Thursday, the stock of the company was trading at Rs 396.2, up by 1.75 per cent or Rs 6.85 per share. The 52-week high is Rs 532 and 52-week low is Rs 320 on BSE.