Sunteck Realty Expands into Ultra-Luxury Housing with Two Mega Projects
New Delhi: Sunteck Realty Ltd, one of the leading real estate developers in India, is making a significant move into the ultra-luxury housing segment. The company plans to launch two new projects in Mumbai and Dubai by June next year, with an estimated revenue of Rs 20,000 crore. These projects will be developed under the by-invite-only real estate lifestyle brand 'Emaance'.
Sunteck Realty CMD Kamal Khetan told PTI, “We are entering into the ultra-luxury residential segment under a new brand Emaance, derived from the fusion of two words Immense and Indulgence. Each apartment will cost not less than Rs 100 crore.” The cost of the apartment can go as high as Rs 500 crore, he added.
To begin with, the company plans to launch two high-rise ultra-luxury housing projects at Nepeansea Road, Mumbai, and Dubai Downtown, near the Burj Khalifa Community. This will be Sunteck Realty’s first project outside India. “We are targeting to launch these two projects by June next year,” Khetan said, adding that the gross development value of these two proposed projects would be around Rs 20,000 crore.
As the ranks of global billionaires and the ultra-wealthy expand, Sunteck Realty has identified a growing appetite for such exclusive apartments. Residences under these two projects will be priced upwards of Rs 2.5 lakh per sq. ft, placing them among the most exclusive and expensive in the country.
Sunteck Realty Ltd has a significant presence in the Indian real estate market with a development portfolio of about 52.5 million square feet spread across 32 projects. The company 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. However, total income 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.
The company’s strategic move into the ultra-luxury segment is a testament to its commitment to meeting the evolving needs of the ultra-wealthy and establishing a stronger presence in the global real estate market.
