Sunteck Brand Portfolio and Financial Highlights slide image

Sunteck Brand Portfolio and Financial Highlights

Sunteck 3.0 in Action Sunteck 2021: A Unique Opportunity for Sunteck ■In January 2021, the Maharashtra cabinet approved a 50% reduction in the premium fees paid by developers for ongoing and new projects between August 1 and December 31, 2021 ■ The savings that Sunteck can realize in 2021 by fast-tracking projects and paying premium fees within the year are significant It is a no brainer for Sunteck to take full advantage of the massive savings afforded to it by this unique opportunity. As a result, Sunteck will be pre-paying premiums to the tune of ~Rs 2,500 mn (~Rs 250 cr) between October and December 2021. The ROE on these payments is well over 35%. Thus, in 2021 we will be directing our cash towards these payments. 10
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