Sunteck Realty Ltd is a leading real estate developer, a Mumbai focused real estate development company with a market capitalization of approximately INR 25 billion. It has over 35 million square feet of city centric developments across 27 projects and 4 rented assets. Of these developments, more than 80% are premium luxury residential with balance being commercial spaces. Nearly 80% of Sunteck’s economic value emanates from its Mumbai projects.
The company is managed by a strong and experienced professional management team led by Mr. Kamal Khetan - Chairman and Managing Director –Sunteck Realty Ltd. Nearly 90% of Sunteck’s economic value emanates from its Mumbai projects. Sunteck forms part of the Bombay Stock Exchange Realty Index and is listed on NSE.
Sunteck Realty’s vision is to meet the expectations of niche customers by offering high end residential spaces. It strives to have best practices for corporate governance. It follows the project completion method of accounting, thereby providing further transparency.
The company is developing a diverse range of landmark residential projects with unit values between Rs. 10 to 400 million with exquisite design and superior quality by adopting the highest standards of international living.
Sunteck’s reputation in the market has attracted 9% investment from Kotak Real Estate Fund. Some of the other major share holders in the company include marquee investors like US based pension fund Tiaa cref & Singaporean hedge-fund Tree-line Capital. The company is developing several projects with the renowned Ajay Piramal group under a Joint Venture, Piramal Sunteck Realty Private Limited.
The company continues to operate its business centers by providing built to suit office space for Fortune 500 companies at Bandra Kurla Complex (BKC) since early 2000, with tenants including marquee players such as AT&T, AMD Technologies, Bunge, Chrysallis Finance, Intel, Credit Suisse, Logitech, Marks & Spencer, and Marriot International.
The Company continues in its endeavors to grow on the back of sustained project launches, driving continuous cash flows and new project acquisitions in order to fuel its growth story.