Sunteck Realty bags, 5 Prestigious Awards at the Asia Pacific Real Estate Association (APREA)

Wed, Nov 27, 2013, Sunteck Realty Ltd, Mumbai’s leading premium real estate developer
catering to the luxury & ultra luxury segment, was commemorated with 5 Prestigious Awards at
the recent Asia Pacific Real Estate Association (APREA). The APREA Best Practices
Awards are open to all real estate companies & trusts listed on a regional stock exchange.

Sunteck Realty Ltd has made a strong foray into the real estate sector with a string of
landmark developments and a fine balance between luxury and sustainability. Amongst the
Highly Commended awards Sunteck Realty Limited has been awarded in the categories of
Emerging Markets, Merit Awards and Country Awards. These include accolades for The
best property development company, Merit award in market disclosures & property
valuation category and an overall award along with Axis REIT of Malaysia.

Sunteck Realty has always been instrumental in introducing world renowned architecture and
designs to the Indian market. The nomination for these elite awards was based on identifying
and honoring projects that created marvels in the industry. The winners of the Awards were
evaluated based on transparency, corporate governance, portfolio performance and
comparability in their local market and the region.

Lim Swe Guan, CFA, Chairman of the board of APREA said, "We are delighted with the level
of best practices demonstrated by the companies who submitted for the awards this year. We
continually encourage members to adopt the most up-to-date valuation techniques, adhere to
international financial reporting standards and follow good corporate governance. Combined
with a greater transparency of portfolio performance and provision of reliable timely information
to investors, we believe this will lead to higher investor confidence and wider support for the
industry. We are confident that with the support of our members, who are leaders in their field,
we can make real estate a crucial part of every investor’s portfolio.”

Peter Mitchell, Chief Executive Officer of APREA said “We would like to extend our
congratulations to The GPT Group and Axis REIT for winning the overall award for best
practices. These awards are held annually to highlight the importance of the recommendations
in APREA’s Best Practices Handbook, which has emerged as a clear benchmark for the region
for managing and reporting performances since it was first published in 2009.”

Mr. Kamal Khetan, CMD, Sunteck Realty Ltd commented, “At Sunteck Realty, it is a
constant endeavor to create benchmark projects based on the consumer’s needs and
requirements. The APREA Awards are the most prestigious awards and we feel honored
to be recipients of it. We are proud of our continued success as this will further
strengthen our commitment to our stakeholders.

About Sunteck Realty


Sunteck Realty Limited is amongst the top 10 ‘Listed’ real estate development company
singularly catering to the luxury and ultra luxury segment. The company has over 28 million
square feet of city centric developments across 25 projects under various stages of
development and 4 rented assets. The company is managed by a professional management
team led by first generation entrepreneur Mr. Kamal Khetan . The financial strength of the
company is well reflected with the ‘Negligible Debt’ and visible cash flows. The company is
listed on the BSE and NSE and has on board some of the world renowned pension funds, FII’s
and Private Equity. The company has also forged tie ups with international brands as Walt
Disney and Vertu to lend a unique experience to its denizens. The company has strong project
execution skills through in-house project management team and tie-ups with Domestic and
International contractors, Architects and Engineers. The company takes pride in serving the
affluent gentry of the Ultra High Net Worth individuals and the head honchos of top global
conglomerates.

About the awards

The APREA Best Practice Awards recognizes listed real estate organizations in the Asia-
Pacific region who contribute to enhancing transparency and comparability in regional markets
through a commitment to regional industry best practices across their organization, embrace
stakeholder communication activities beyond those required in local market and comply with
the recommendations contained in APREA Best Practices Handbook.

The annual APREA Best Practices Awards recognizes the regional real estate firms who
perform the best in governance and disclosure. The awards are based on the APREA Best
Practices Handbook and regulation in the firm’s local jurisdiction. All real estate companies and
trusts listed on a regional exchange, including Australia and New Zealand, are eligible to
qualify for the awards. All eligible entities, whether or not they are members of APREA, are
entitled to participate. Real estate organizations will need to make a submission in order to be
considered.

Kamal Khetan; Concierge Services – A Value Added Service on the Rise in Luxury Residential Projects

In today's day and age, the lives of the super wealthy are filled with the world of luxurious goods that everyone from the best designer fashion brands to the leading real estate developers cater to. Luxury living and plush lifestyles are increasingly becoming a norm among a growing super set of consumers who are far more desirous of the best of the best, than ever before. The eyes of many mega real estate companies have opened up to the fact that luxury living has to be taken up a notch or ten, to satisfy patrons and attract enough customers in a competitive market in the first place.

Luxury as far as residential complexes and apartment buildings have meant different things over the years. From the emergence of landscaped gardens, super design and architecture, fabulous interior design and outdoor facades, swimming pools, health clubs and more on site to extra flourishes like on site restaurants and cafes and multipurpose rooms, luxurious living has evolved over the years into an exceptionally comfortable and functional concept. If eye catching and quality construction and recreational and leisure facilities have been all that you  have thought about when it comes to luxury projects, think again. The latest in ultra luxury developments are the presence of amazing value added services like concierge services for residents around the clock.

Transforming the landscape of ultra luxurious living in India, are the provisions for concierge services that take care of every need, big or small, of the residents. From cleaning your home to scheduling meals, from grocery shopping to bank runs, from booking tickets to scheduling transport for air port runs, from making reservations at restaurants to taking care of bookings for a weekend getaway, concierge service providers provide a whole host of services that add immense value, comfort and yes luxury to day to day living; which lets face it, anyone with a busy life in urban areas would love to avail off. Real estate big wigs like Godrej Properties (for a project in Bengaluru) and Sunteck Realty (for a project in Mumbai) have tied up with national and international concierge service providers, an exclusive and innovative concept. On their path breaking tie up with Vertu, a luxury cell phone service provider for 'signature concierge services', MD Kamal Khetan of Sunteck Realty Pvt. Ltd. said that it “redefines the essence of concierge service known till date. Through our tie up our patrons will have access to the concierge service available in 30 countries worldwide.” and went on to talk about how partnering with complimenting brands helps create positive equity.

Piramal Sunteck led by Mr.Kamal Khetan, wins Airoli plot tender bid for INR 75-crores

PIRAMAL SUNTECK Realty Pvt. Limited (PSRPL), a joint venture between Ajay Piramal Group and Sunteck Realty Ltd (led by Mr. Kamal Khetan), recently won a tender bid by CIDCO (City and Industrial Development Corporation of Maharashtra Ltd.) for a 8,230 square meter plot in Airoli on Palm Beach Road. Piramal Sunteck emerged as the winning bidder at the bid process by offering 91,116,99 per square meter with the second highest bid quoting 88,900 per square meter.

Khushru Jijina, Executive Director, PSRPL said, “A strategic location, iconic design, world-class features backed by the high quality Piramal Sunteck execution will ensure that we build another landmark.”
Added Kamal Khetan, Managing Director, PSRPL, “Our strategy has always been to acquire prime property across Mumbai. PSRPL has believed in the Navi Mumbai story and already has Signia Oceans, which has been well received by the market. We are happy to have acquired our second plot in Airoli, and believe that we now have the unique opportunity to develop one more value-added product and create significant value for our stakeholders.”

Piramal Sunteck Realty Pvt Ltd has over 20 million square feet under development with premium residential and commercial assets across city-centric locations in Mumbai, Nagpur and Jaipur

About Sunteck India Ltd

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.