The company started its real-estate operations under the brand ‘Sunteck’
in the year 2000 as a ‘Grade A’ Corporate Business Centre service provider
in one of India’s most promising commercial business districts viz. Bandra
Kurla Complex (BKC) in Mumbai, India. Subsequently, the company created an enviable
rental portfolio by servicing Fortune 500 & Indian Blue Chip companies by providing
plug and play offices to these companies who wanted to set-up offices in India.
In 2005, the company forayed into real-estate development by signing its first Joint-Development
Agreement for a commercial property at Vile Parle, a prominent Western Suburb of
Mumbai. It was in 2006 that the company did a unique acquisition in the commercial
business district viz. Bandra Kurla Complex (BKC) for the first Residential project
in the financial hub. This gave birth to its marquee brand, ‘Signature
Island’ as it stands today. BKC being the commercial hub of Mumbai,
makes the ‘walk to work’ concept come alive. The company bought two
more land parcels on either side namely, ‘Signia Isles’
& ‘Signia Pearl’. With a clientele that comprises
of the affluent business community and key decision makers in the corporate world,
the projects have set a benchmark within the industry. Nestled in the neighborhood
of renowned international educational institutes, hospitality services, corporate
infrastructure together with socio entertainment premium clubs further adds to its
premium.
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Sunteck Realty Limited (listed on both Bombay Stock Exchange & National Stock
Exchange) primarily focuses on the development of ultra premium and luxury residential
properties in city-centric locations of Mumbai. Its development activities include
multi-unit apartment buildings, block re-developments, planned communities and commercial
spaces.
Presently, the company has over 36 million square feet of city centric developments,
majorly in Mumbai across 26 projects and also 4 rented assets in its portfolio.
Of these developments, more than 80% are into premium luxury residential segment
and remaining into commercial segment.
Nearly 90% of Sunteck’s economic value emanates from its Mumbai projects.