Kamal Khetan led Sunteck Realty is Riding on the Demand for High-End Residential Spaces

RIDING ON the high demand for premium residential space, Suntech Realty led by Mr. Kamal Khetan, is developing a range of landmark residential projects with apartments ranging from 1-crore to 40-crores, which offers exemplary designs and superior quality by adapting to highest standards of international living.

The total saleable area is of more than 30 million square feet in Mumbai’s city-centric locations , with 27 projects in development pipeline, out of which the company has already successfully launched nine projects – six premium residential and threee commercial projects with balance projects proposed for launches within the current fiscal.

Says Kamal Khetan, Chairman and Managing Director, Suntech Realty, “Today, the country is witnessing a significant rise in demand for high-end luxury residential spaces owning to the growing income levels across various corporate sectors. Sunteck Realty is focused on catering to the aspirational business professionals by providing them their dream house.”

The Company has already launched its high-end residential landmark projects – Signature Island – at the Bandra-Kurla Complex (BKC) in Mumbai, with duplex apartments with an area of approximately 7,000 square feet to 11,000 square feet. Owning to a huge potential at BKC, the company plans to launch another two luxury residential projects – Signia Isles and Signia Pearl – in the near future. Sunteck has also tapped key areas of Mumbai, such as Andheri, Borivali, Vile Parle, Goregaon, Airoli, Mulund and Thane for further development.

The amenities that Sunteck Realty projects offer include health club, gymnasium, indoor temperature controlled swimming pool, coffee lounge, children’s playgarden, digital security system, car wash, and concierge service.

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.