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Company type | Public limited company |
---|---|
NSE: SUNTECK BSE: 512179 | |
Industry | Real estate |
Founded | 1981 |
Founder | Kamal Khetan |
Headquarters | Mumbai, Maharashtra, India |
Services | Development of commercial and residential properties [1] [2] |
Website | Official website |
Sunteck Realty Limited is a Mumbai-based real estate and construction company. [3] [4] [5] [6] It is engaged in construction, development and management of commercial and residential properties. The company is known for its high-end residential properties which are classified under different brand names: Signature for ultra-luxury properties, Signia for luxury properties and City for mid-segment properties. [7] [8] Among its notable projects is Signature Island in Bandra Kurla Complex, Mumbai. [9] The company has received Ultra Luxury Project of the Year in 2017 [10] and NDTV Property Award for Signature Island in 2016. [11] The company has been listed as a Fortune Next 500 company for the year 2017, 2018, 2019 and 2020. [12] [13]
The company was set up by Kamal Khetan [9] in 1981. In March 2009, it came into a partnership with Oman based WJ Towell Group and Piramal Group and formed a 51:49 joint venture with Bank of Muscat for developing real estate projects in Oman. [14] In November 2009, Sunteck raised ₹1.58 billion through QIP. In 2013, Piramal Group acquired a 3.5 per cent stake in the company. [15]
It received an investment of $22.4 million from KKR for two residential projects of Sunteck Realty in February 2016. [16] It has secured ₹650 crore through QIP in 2017. [17] [18] In November 2019, it was reported that the company sold around 2,000 flats at its Sunteck World project in Naigaon, Mumbai. [19]
Year | Award(s) | Project | Awarding organisation | Result | Ref. |
---|---|---|---|---|---|
2016 | Property Awards | Signature Island | NDTV | Won | [20] |
2017 | Ultra Luxury Project of the Year | Signature Island | Realty Plus Excellence Awards | Won | [21] |
2018 | Developer of the Year – Residential | Realty Plus Excellence Awards | Won | [22] |
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