India's Costliest Ultra-Luxury Apartment: Sunteck Realty's Rs 500 Crore Emans
Sunteck Realty is set to launch India's most expensive apartment, priced at Rs 500 crore, as part of their new global brand, Emans. The project, located on Nepeansea Road in Mumbai, is expected to redefine the upper limits of the country’s real estate market.
Real EstateLuxury ApartmentsSunteck RealtyEmansUltraluxuryReal EstateSep 29, 2025
The ultra-luxury residential project is being developed by Sunteck Realty, which has unveiled plans to launch two high-end ventures, one in Mumbai and the other in Dubai. Both will be branded under the new global name, ‘Emans’, with residences aimed squarely at ultra-high net worth individuals.
Kamal Khaitan, Chairman and Managing Director of Sunteck Realty, said the company is foraying into the top-tier housing market with a new identity. “We are entering the ultra-luxury residential project segment and creating a new brand, Emans, that will establish itself globally,” he said.
According to Khaitan, the Mumbai project will come up on the prestigious Nepeansea Road, while the Dubai project will be located in Downtown Dubai, in the vicinity of the iconic Burj Khalifa. The launch of both projects is slated for June 2026, with an estimated development cost of around Rs 20,000 crore. Prices in these residences are expected to scale up to Rs 2.5 lakh per square foot, making them among the costliest homes in the world.
Sunteck Realty, already a significant player in the real estate sector with 32 completed projects spanning 52.5 million square feet, has reported robust earnings this year. Its net profit in the first quarter rose 47% year-on-year to Rs 334.3 million, up from Rs 227.8 million. However, the company’s total revenue declined sharply to Rs 201 million from Rs 328 million in the same period last year.
Sunteck Realty’s foray into the ultra-luxury segment with the Emans brand is a strategic move to capture the growing demand for premium living spaces. The projects in Mumbai and Dubai are expected to attract a global clientele, further cementing Sunteck Realty’s position as a leading player in the real estate market.
Frequently Asked Questions
What is the cost of the ultra-luxury apartment by Sunteck Realty?
The ultra-luxury apartment by Sunteck Realty is priced at Rs 500 crore.
Where is the project located?
The project is located on Nepeansea Road in Mumbai, India.
What is the name of Sunteck Realty's new global brand?
Sunteck Realty's new global brand is called Emans.
When are the projects in Mumbai and Dubai expected to launch?
The projects in Mumbai and Dubai are expected to launch in June 2026.
What is the estimated development cost of the projects?
The estimated development cost of the projects is around Rs 20,000 crore.
Related News Articles
Tragedy in Kuwait: A Wake-Up Call for Migrant Workers' Rights in the GCC
The recent fire tragedy in Kuwait has highlighted the vulnerability of migrant workers in the Gulf region, prompting calls for accountability and improved safety standards.
Budget 2024: A Boost to Sustainable Growth in Real Estate
The Union Budget 2024 focuses on MSMEs, employment, skilling, youth, and middle-class, with indirect benefits to the real estate sector through job creation, infrastructure, and urban redevelopment.
Homebuyers' Body Objects to MahaRERA's Conciliation Forum, Citing Conflict of Interest
A pan-India homebuyers' body has written to the Centre, objecting to Maharashtra real estate regulator MahaRERA's decision to set up a conciliation forum to settle disputes between homebuyers and builders.
The Secret to Sustaining Employee Motivation - Colliers
In the fast-paced world of real estate, Aryan, a seasoned leader, faced a unique challenge. Despite generous bonuses and promotions, his team's motivation was waning. The key to rekindling their enthusiasm lay in understanding intrinsic motivators.
Sharad Pawar Slams Maharashtra's Agrarian Crisis Handling
Sharad Pawar, the NCP (SP) leader, has strongly criticized the Maharashtra Mahayuti government for its inadequate response to the state's agrarian crisis, highlighting over 20,000 farmer suicides since the coalition came to power.
Ohio Realtor’s Heartless Message to Disabled Waiter Sparks Outrage and an Inspiring Response
A real estate agent in Ohio left a deeply offensive note for a disabled waiter, but the community's response to the incident has been overwhelmingly positive and supportive.