Sunteck Realty to Develop 2.5-Acre Residential Project in Mumbai’s Andheri East
Sunteck Realty Limited, a prominent real estate developer, has announced the development of a 2.5-acre residential project in Andheri East, Mumbai. The project is expected to generate a free sale component of approximately 275,000 square feet, contributing to the company's robust financial performance.
Real EstateSunteck RealtyMumbaiAndheri EastResidential ProjectReal Estate MumbaiMay 29, 2025
The company's wholly-owned subsidiary has been appointed to develop the residential project, which is situated at Andheri (East). According to a stock exchange filing, Sunteck Realty expects to generate a free sale component of approximately 275,000 square feet from the development and redevelopment of the project. This estimation is based on the provisions outlined in the Development Control & Promotion Regulations (DCPR) for Greater Mumbai, 2034.
Sunteck Realty did not disclose the financial details or timelines associated with the project, but the announcement comes at a time when the company is reporting strong financial performance. For the fourth quarter ended March 31, 2025, Sunteck Realty reported a 19% sequential rise in net profit, aided by higher revenue and improved margins. The Mumbai-based firm's consolidated net profit rose to ₹50 crore in the fourth quarter, from ₹43 crore in the previous quarter.
Revenue climbed 27% quarter-on-quarter to ₹206 crore. EBITDA rose 41% sequentially to ₹69 crore, with margins improving to 33%. The PAT margin stood at 24% for the March quarter. For the full year FY25, Sunteck reported its highest recorded annual pre-sales at ₹2,531 crore, a 32% rise over the previous year. Annual revenue surged 51% to ₹853 crore, while net profit more than doubled to ₹150 crore from ₹71 crore in FY24. EBITDA for the year grew 58% to ₹186 crore.
Shares of Sunteck Realty Limited ended at ₹414.50, up by ₹4.45, or 1.09%, on the BSE. The company's strong financial performance and the new residential project in Andheri East are expected to further boost investor confidence and the company's market position.
Sunteck Realty's commitment to developing high-quality residential projects in strategic locations aligns with the growing demand for well-located, well-designed homes in Mumbai. The Andheri East project is expected to contribute significantly to the company's growth and profitability in the coming years.
Frequently Asked Questions
What is the size of the new residential project in Andheri East?
The new residential project in Andheri East, developed by Sunteck Realty, is situated on a 2.5-acre land parcel.
What is the expected free sale component from the project?
Sunteck Realty expects to generate a free sale component of approximately 275,000 square feet from the development and redevelopment of the project.
What is the location of the new residential project?
The new residential project is located in Andheri (East), near the Western Express Highway in Mumbai.
How has Sunteck Realty performed financially in the fourth quarter of 2025?
For the fourth quarter ended March 31, 2025, Sunteck Realty reported a 19% sequential rise in net profit, with consolidated net profit rising to ₹50 crore from ₹43 crore in the previous quarter.
What is the current share price of Sunteck Realty Limited?
Shares of Sunteck Realty Limited ended at ₹414.50, up by ₹4.45, or 1.09%, on the BSE.
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