Latest news with #SunteckRealtyLtd
Hindustan Times
23-07-2025
- Business
- Hindustan Times
Sunteck Realty announces ₹1,200 crore GDV JDA project at Mira Road near Mumbai
Listed real estate developer Sunteck Realty Ltd (SRL) announced on July 23 that it has entered into a joint development agreement (JDA) to develop 3.5 acres of land on Mira Road along the Western Express Highway near Mumbai. The project, spread across 13,500 sq m, will offer a development potential of 5.5 lakh sq ft of carpet area, with an estimated Gross Development Value (GDV) of ₹1,200 crore, the company said. Listed real estate developer Sunteck Realty Ltd (SRL) announced on July 23 that it has entered into a joint development agreement (JDA) to develop 3.5 acres of land on Mira Road along the Western Express Highway near Mumbai. (Picture for representational purposes only)(Mehul R Thakkar/HT) "This JDA reinforces our commitment to expanding in high-potential growth corridors of MMR. Mira Road, with its robust infrastructure pipeline and superior connectivity, offers an ideal canvas for creating a landmark luxury residential development. As seen with Sunteck SkyPark, we believe in transforming locations into lifestyle destinations. With this new development, we aim to deliver living experiences that elevate the value of the entire neighbourhood," said Kamal Khetan, chairman and managing director of Sunteck Realty Ltd. Also Read: Mumbai, Thane, Navi Mumbai, and Pune see a decline in housing sales and supply in Q2 2025 The company said the project has direct highway frontage and is adjacent to the upcoming Metro Line 9 (Miragaon Station) and has access to Dahisar and Mira Road railway stations. Upcoming infrastructure initiatives like the Borivali-Thane Tunnel and the Coastal Road Extension will further elevate connectivity, making the location even more desirable for discerning homebuyers and investors, the company said in a statement. Also Read: Housing sales volume of Tier 1 real estate developers dips by 6% in FY25: Ind-Ra The company said that Mira Road has emerged as a high-absorption residential market in the Mumbai Metropolitan Region (MMR), backed by proximity to reputed educational institutions, healthcare centres, retail hubs, and green belts. With a growing demand for premium, well-connected living. Also Read: Are Mumbai real estate prices moderating, giving homebuyers more room to negotiate? Local brokers said the per-square-feet price for residential apartments in Mira Road, with exceptions, is ₹10,000 to ₹15,000.
Time of India
23-07-2025
- Business
- Time of India
Sunteck Realty forms JV to develop Rs 1,200 crore worth housing project in Mumbai
Sunteck Realty Ltd has partnered with a landowner to develop a luxury housing project in Mumbai for Rs 1,200 crore. In a regulatory filing on Wednesday, Sunteck Realty informed that it is entering a Joint Development Agreement (JDA) for a project on the land admeasuring 3.5 acres situated at Mira Road on Western Express Highway, Mumbai. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Healthcare CXO others Digital Marketing Leadership Finance PGDM Project Management healthcare Data Analytics Cybersecurity Data Science Technology Degree Others MBA Public Policy Management Data Science Operations Management MCA Design Thinking Product Management Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details The company expects to generate a sale component of 5.5 lakh square feet RERA carpet area from the development of this land parcel. "The projected Gross Development Value (GDV) of the project is estimated at Rs 1,200 crore," the company said. Sunteck Realty is one of the leading real estate developers in the country.
Time of India
18-07-2025
- Business
- Time of India
Sunteck Realty's profit rises 47% to ₹33.43 crore in Q1 FY26
NEW DELHI: Sunteck Realty Ltd has reported a 47 per cent increase in its consolidated net profit to Rs 33.43 crore in the first quarter of this fiscal. Its net profit stood at Rs 22.78 crore in the year-ago period. Total income, however, fell to Rs 201.53 crore in the April-June period of 2025-26 fiscal from Rs 328.01 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday. Sunteck Realty is one of the leading real estate firms in the country. It has developed many projects in the Mumbai Metropolitan Region (MMR).
News18
17-07-2025
- Business
- News18
Sunteck Realty Q1 profit rises 47 pc to Rs 33.43 cr, revenue drops 38 pc
Agency: Last Updated: New Delhi, Jul 17 (PTI) Sunteck Realty Ltd has reported a 47 per cent increase in its consolidated net profit to Rs 33.43 crore in the first quarter of this fiscal. Its net profit stood at Rs 22.78 crore in the year-ago period. Total income, however, fell to Rs 201.53 crore in the April-June period of 2025-26 fiscal from Rs 328.01 crore in the corresponding period of the preceding year, according to a regulatory filing on Thursday. Sunteck Realty is one of the leading real estate firms in the country. It has developed many projects in the Mumbai Metropolitan Region (MMR). PTI MJH SHW Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
17-07-2025
- Business
- Economic Times
Sunteck Realty April-June pre-sales rise 31% to Rs 657 cr
Realty developer Sunteck Realty Ltd has recorded a 31% year-on-year increase in pre-sales for the first quarter of 2025–26, reaching Rs 657 crore. Collections during the quarter stood at around Rs 351 crore. ADVERTISEMENT The listed company's operating profit for the quarter rose 52% year-on-year to Rs 48 crore, while net income increased 47% to Rs 33 crore. Operating profit margin expanded by 1,541 basis points to 25%, and net margin improved by 1,054 basis points to 18%. The company's net debt-to-equity ratio remained low at 0.02x, the developer said in a regulatory filing. During the quarter, Sunteck was selected as the preferred developer for the redevelopment of a residential project near Western Express Highway in Andheri suburb of Mumbai. The land parcel measures approximately 2.5 acres with a development potential of 0.275 million sq ft. The project is expected to generate a gross development value (GDV) of Rs 1,100 the financial year 2024–25, the company reported revenue of Rs 853 crore, operating profit of Rs 186 crore, and net income of Rs 150 crore. The company's portfolio spans approximately 52.5 million sq ft across 32 projects. (You can now subscribe to our Economic Times WhatsApp channel)
