Sunteck Realty Dives into Ultra-Luxury Housing with ₹100 Cr Homes in Mumbai and Dubai
Sunteck Realty Ltd is venturing into the ultra-luxury housing market with two marquee projects in Mumbai and Dubai, targeting an estimated revenue of ₹20,000 crore.
Sunteck RealtyUltraluxury HousingEmaanceReal EstateDubaiReal EstateSep 29, 2025
The projects will be developed under a newly created by-invite-only real estate lifestyle brand, ‘Emaance’, which the company says is derived from a fusion of the words Immense and Indulgence.
“We are entering into the ultra-luxury residential segment under a new brand Emaance, where each apartment will be priced at no less than ₹100 crore, with some units going as high as ₹500 crore,” Sunteck Realty CMD Kamal Khetan told PTI.
The developer will launch its first project outside India in Dubai Downtown, near the Burj Khalifa community, alongside another high-rise development at Nepeansea Road in Mumbai, one of India’s most exclusive addresses. Both launches are targeted for June 2026.
Together, the two projects will have a gross development value (GDV) of around ₹20,000 crore, with residences priced upwards of ₹2.5 lakh per sq. ft, placing them among the priciest in India.
Sunteck’s move comes as the population of global billionaires and ultra-wealthy individuals continues to grow, boosting demand for super-premium real estate offerings. The company currently has a portfolio of 52.5 million sq. ft across 32 projects.
In the April-June quarter of FY26, Sunteck reported a 47% rise in consolidated net profit to ₹33.43 crore, compared to ₹22.78 crore a year ago, even as total income fell to ₹201.53 crore from ₹328.01 crore in the same period of the previous fiscal.
With the launch of Emaance, Sunteck Realty is positioning itself among the handful of Indian developers catering exclusively to the ultra-rich, both at home and overseas.
Frequently Asked Questions
What is the estimated revenue target for Sunteck Realty's ultra-luxury projects?
Sunteck Realty's ultra-luxury projects in Mumbai and Dubai are targeting an estimated revenue of ₹20,000 crore.
What is the name of the new real estate lifestyle brand created by Sunteck Realty?
The new real estate lifestyle brand created by Sunteck Realty is called ‘Emaance’, derived from a fusion of the words Immense and Indulgence.
Where are the two ultra-luxury projects being launched by Sunteck Realty?
The two ultra-luxury projects are being launched in Dubai Downtown, near the Burj Khalifa community, and at Nepeansea Road in Mumbai.
What is the expected launch date for these ultra-luxury projects?
Both ultra-luxury projects are targeted for launch in June 2026.
What is the pricing range for the apartments in these projects?
Each apartment will be priced at no less than ₹100 crore, with some units going as high as ₹500 crore.
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