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Realty developer Sunteck Realty has recorded 16% year-on-year growth in pre-sales at Rs 387 crore for the quarter ended June. The companys collections for the quarter rose to Rs 288 crore from Rs 285 crore a year ago.
Sales volume rose 52% from a year ago to 9.30 lakh sq ft and collections rose 8% to Rs 513 crore. The company launched 1.38 million sq ft in Pune during the first quarter of the financial year 2023-24. These new launches contributed around 43% to the pre-sales value during the quarter.
The Enforcement Directorate (ED) is likely to move court in a bid to obtain a non-bailable warrant against alleged Hawala businessman Nandkishor Chaturvedi in connection with a money laundering case pertaining to Pushpak Bullion
Shiv Sena MP Sanjay Raut accused the BJP of "political vendetta", warning that the ED's action portends "monstrous dictatorship in the country".
A picture being circulated on social media purportedly shows Maharashtra Chief Minister Uddhav Thackeray walking alongside Chandrakant Patel of Pushpak Bullion, who is one of the promoters of Pushpak Bullion.