Sunteck Realty Limited is one of India's leading luxury real estate developers, founded in 2000 by visionary entrepreneur Kamal Khetan. The company 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 brand portfolios - Uber luxury residences, Ultra luxury residences, Premium luxury residences, Marquee Luxury Destination, Aspirational luxury residences, and Commercial & Retail developments.
Based in Mumbai, Sunteck has established itself as a prominent player in the luxury real estate segment across the Mumbai Metropolitan Region (MMR). The company is one of the largest developers in the Western Suburbs of MMR from Bandra to Virar with approximately 50 million sq ft of balance launch pipeline, and has expanded to Eastern suburbs with around 12.1 million sq ft of balanced development. It has delivered 17 (residential+commercial) projects worth approximately Rs 9,000 crore (US$ 1.2 billion) to date.
Sunteck's business model centers on developing premium residential and commercial properties in strategically located areas. The company has been a trendsetter in creating iconic destinations such as the flagship project, Signature Island at Bandra Kurla Complex (BKC), Sunteck City in Oshiwara District Centre (ODC), Goregaon and SunteckWorld at Naigaon - the largest township of MMR's western Suburbs.
The company operates through distinctive brand portfolios catering to different market segments. The Company's projects are under six brands, such as Signature: uber luxury residences, Signia: ultra-luxury residences, Sunteck City: premium luxury residences, Sunteck Beach Residences: marquee luxury destination, Sunteck World: aspirational luxury residences, and Sunteck: commercial and retail developments.
Flagship project of the group, spread across 1.5 million sq ft. at the CBD of Mumbai, Bandra Kurla Complex comprises of three residential projects: Signature Island, Signia Isles and Signia Pearl which are home to some of the head honchos of top global conglomerates. Other key projects include 23 acres of mixed-use development in Goregaon (W) in the form of Sunteck City, Sion, Mulund amongst other locations in Mumbai, Navi Mumbai, 81 acres in Jaipur, Nagpur and Goa in India.
Sunteck Realty is renowned for its strong project execution skills through an in-house project management team and strategic tie-ups/associations with domestic/International contractors, architects, engineers and brand partners. The company works with renowned brands like Walt Disney, L&T and Talathy & Panthaky Associated to name a few to provide a unique residential experience to its customers.
The company has built a strong reputation for quality and innovation in the luxury real estate segment. The triple ISO certifications in quality management, environmental management, and occupational health and safety reflect Sunteck's unwavering commitment to excellence. Sunteck's dedication to creating sustainable spaces is evident in its eco-friendly projects, which are designed to harmonize luxury with nature, ensuring a green and sustainable future.
Sunteck Realty Ltd has a market capitalisation of Rs 6,122 crore as of May 2025. The company has demonstrated strong financial performance in FY25.
- Net Profit: Rs 150 crore (up 112% YoY)
- Revenue: Rs 853 crore (up 51% YoY)
- Net Debt to Equity Ratio: Zero (as on 31 March 2025)
- Net Cash Surplus: Nearly Rs 125 crore
- Quarterly Pre-Sales (Q4 FY25): Rs 870 crore (up 28% YoY)
- Net Profit: Rs 50.39 crore (declined 50.28% YoY)
- Sales: Rs 206.05 crore (declined 51.73% YoY)
- EBITDA: Rs 69 crore (declined 55% YoY)
- EBITDA Margin: 33.5% (vs 35.8% in Q4 FY24)
Promoter holding in Sunteck Realty Ltd has gone up to 63.28 per cent as of Mar 2025 from 63.24 per cent as of Jun 2024. Listed on BSE and NSE, Sunteck Realty has respected names like Ajay Piramal Group, Kotak Realty Fund and noted pension funds, FIIs and Private Equity Funds as its shareholders and strategic partners.
The company maintains strong corporate governance practices and has been rated favorably by credit rating agencies. India Ratings affirms IND AA/Stable and assigns IND A1+ ratings to Sunteck Realty's credit facilities.
Sunteck has been actively expanding its project portfolio and making strategic investments. The company has announced investment for further funding in entities involved in the existing Dubai Project, with the investment structured through equity, preference shares, convertible securities, or debt, and infusion expected to take place over the next 24 months.
Sunteck's subsidiary was recently appointed for a 2.5-acre residential project in Andheri with 2.75 lakh sq ft free sale area. The company has seized opportunities during the Covid-19 pandemic, making significant acquisitions in strategically chosen locations such as Vasai West, Borivali West, Kalyan Shahad and Mira Road.
The Board of Directors recommended a final dividend of Rs 1.5 per share for FY25. For the financial year 2024, Sunteck Realty declared a dividend amounting to Rs 1.5 per share, resulting in a dividend yield of 0.4% at the current price levels.
Sunteck Realty continues to strengthen its position as a leading luxury real estate developer in Mumbai, with a strong focus on quality, innovation, and sustainable development practices that cater to the evolving needs of discerning customers in the premium real estate market.
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