Sunteck Realty Set to Launch ₹3,000 Crore Ultra-Luxury Goregaon Project
Mumbai-based Sunteck Realty is gearing up to launch a ₹3,000 crore ultra-luxury residential project in Goregaon West. This ambitious project is expected to significantly boost the company's rental revenue and capital value in the coming years.
The first phase of the project has a total saleable area of 0.5 million square feet (msf) and will feature approximately 225 three and four-bedroom residences. These residences will start from 1,250 square feet, making them suitable for a range of luxury living needs. Kamal Khetan, Chairperson and Managing Director of Sunteck Realty, shared these details with Business Standard.
Sunteck Realty's rental revenue is projected to rise from ₹70 crore in fiscal year 2025 (FY25) to ₹320 crore by FY28-29. Additionally, the company's capital value is expected to increase from ₹1,050 crore to ₹5,000 crore during the same period. These projections indicate a robust growth trajectory for the company, driven by the high demand for premium residential properties in Mumbai.
Goregaon West, a bustling suburb in the western suburbs of Mumbai, has been witnessing a surge in real estate development due to its strategic location and connectivity. The area is well-connected to major business hubs and offers a blend of urban amenities and green spaces, making it an attractive choice for luxury homebuyers.
Sunteck Realty, known for its premium real estate developments, has a strong track record in the Mumbai market. The company has successfully delivered several high-end projects, earning a reputation for quality and innovation. The new project in Goregaon West is expected to further solidify Sunteck's position as a leading player in the luxury real estate sector.
The initial phase of the project, with a gross development value (GDV) of ₹1,250 crore, will set the stage for the subsequent phases. The project is designed to cater to the discerning tastes of luxury homebuyers, offering state-of-the-art amenities and world-class infrastructure. The residences will be equipped with modern features and designed to provide a seamless living experience.
Sunteck Realty's strategic focus on luxury residential projects aligns with the growing demand for premium properties in Mumbai. The company's commitment to delivering high-quality developments and its strong financial performance make it a reliable choice for investors and homebuyers alike.
As the project progresses, Sunteck Realty is expected to attract a diverse range of buyers, including high-net-worth individuals, expatriates, and professionals seeking a premium living experience. The project's location in Goregaon West, combined with its luxury offerings, positions it as a key player in the Mumbai real estate market.
In conclusion, Sunteck Realty's ₹3,000 crore ultra-luxury project in Goregaon West represents a significant milestone in the company's growth strategy. With a focus on quality, innovation, and customer satisfaction, Sunteck is poised to deliver a project that will set new standards in the luxury real estate sector.
