Sunteck Realty to build expansive portfolio in 4 years

Sunteck Realty Limited is set to create a large portfolio with an investment of Rs. 5,000 crore in commercial and retail properties over the next four years. A benchmark trend is expected to set in the commercial and retail estate market with this well-planned strategic growth. 

Having successfully established its presence across all the segments from ultra Uber luxury to aspirational luxury residential segment at Bandra Kurla Complex (BKC), Oshiwara District Centre (ODC) and Naigaon, Sunteck is now focussing on building a premium commercial and retail portfolio of 3 mn sq. ft. in ODC, 1.5 to 2 mn. sq ft. in and around BKC, and 1 mn sq. ft. in Naigaon. Also, it is exploring opportunities in the western suburbs of Mumbai to grow this retail and commercial portfolio. 

The value that Sunteck would create through its commercial and retail portfolio is close to US$2 billion. This will further strengthen cash flows and accelerate the growth of the company. 

Sunteck Realty is a Mumbai based real estate developer specializing in luxury segment. It has differentiated its projects under five brands Signature – Uber luxury residences, Signia – Ultra luxury residences, Sunteck City – Premium luxury residences, Sunteck World – Aspirational luxury residences and Sunteck – Commercial & retail developments. 

On Thursday, Sunteck Realty was up by 3.4 per cent at Rs. 439.50 per share from previous close of Rs. 424.90 during the morning trading session.