Sunteck Realty Unveils Ultra-Luxury Housing Projects in Mumbai and Dubai
Sunteck Realty, a leading real estate developer, is set to launch two ultra-luxury housing projects in Mumbai and Dubai under the exclusive 'Emaance' brand. These projects, aimed at high-net-worth individuals, are expected to generate Rs 20,000 crore in revenue.
UltraluxuryReal EstateSunteck RealtyEmaanceHighnetworth IndividualsReal Estate MumbaiSep 28, 2025
The brand 'Emaance' is derived from the fusion of two words: 'Immense' and 'Indulgence'. Each apartment in these projects will not cost less than Rs 100 crore, with some units potentially reaching up to Rs 500 crore, according to Kamal Khetan, CMD of Sunteck Realty.
The two high-rise ultra-luxury housing projects will be located at Nepeansea Road in Mumbai and in the prestigious Dubai Downtown area, near the Burj Khalifa Community. This will mark Sunteck Realty's first venture outside of India.
Khetan stated that the company aims to launch these projects by June next year. The gross development value of these two proposed projects is estimated to be around Rs 20,000 crore. As the ranks of global billionaires and the ultra-wealthy continue to grow, the demand for such exclusive and luxurious residences has also increased.
Residences under these two projects will be priced upwards of Rs 2.5 lakh per square foot, placing them among the most exclusive and expensive properties in the country. Sunteck Realty's portfolio includes a development area of about 52.5 million square feet spread across 32 projects.
In the first quarter of this fiscal, Sunteck Realty reported a 47% increase in its consolidated net profit to Rs 33.43 crore, up from Rs 22.78 crore in the same period last year. However, total income for the April-June period of the 2025-26 fiscal fell to Rs 201.53 crore from Rs 328.01 crore in the corresponding period of the previous year.
Sunteck Realty's ambitious plans for the ultra-luxury segment under the 'Emaance' brand reflect the company's strategic vision to cater to the growing demand for premium residential properties among high-net-worth individuals in both India and international markets.
Frequently Asked Questions
What is the estimated revenue from the new ultra-luxury projects?
The estimated revenue from the two new ultra-luxury projects in Mumbai and Dubai is Rs 20,000 crore.
What is the minimum cost of an apartment in these projects?
The minimum cost of an apartment in these ultra-luxury projects will be Rs 100 crore.
Where are the projects located?
The projects are located at Nepeansea Road in Mumbai and in the Dubai Downtown area, near the Burj Khalifa Community.
What is the price per square foot for these residences?
The residences will be priced upwards of Rs 2.5 lakh per square foot.
What is the significance of the brand 'Emaance'?
The brand 'Emaance' is derived from the fusion of two words: 'Immense' and 'Indulgence', and it represents the exclusive and luxurious nature of the projects.
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