Sunteck Realty, an India-based company of Sunteck Group was incorporated in 1982. Formerly known as Sunteck Realty & Infrastructure Ltd, it is engaged in real estate and construction of residential projects.
Sunteck Group is a young and dynamic business enterprise which entered the real estate business in the year 1998-99, with the purpose of providing world class commercial spaces. The group extended its plan to diversified real estate product lines i.e. Residential, Commercial, Retail, Hotels, Entertainment Parks and so on. The group is well recognized for its Corporate Business Centres located at Bandra Kurla Complex, Mumbai. Sunteck’s developmental activities cover the major metros and mini metros of India including Mumbai (Bombay), Nagpur and Goa.
Sunteck has set-up two international standard Corporate Business Centers at Bandra Kurla Complex, the largest Commercial Business District (CBD) of Mumbai city:
Its clients include Agilent Technologies, AT&T, Borland, Citibank, Cisco systems, Intel technologies, Redware, Stern Stewart, Symantec, and many more.
The company has formed a joint venture with Piramal Enterprises Ltd. promoted by the Ajay Piramal Group. The JV, called Piramal Sunteck Realty Pvt Ltd. will focus on high-end realty projects in the most sought after locations in metros and select Tier II cities in India and strategic locations across the globe.
Forging the first Indo-Omani real estate partnership, Piramal Sunteck Realty and Oman's WJ Towell group have signed an agreement to develop high-end and mixed-use properties in and around Muscat. WJ Towell, formed in 1866, is one of the leading private sector companies in Oman and is a diversified group with interests in property, trade, industry and services.
The current projects of the company include
Some of its upcoming projects are-
In 2007 the company acquired 26% interest in Samhrutha Habitat Infrastructure Pvt. Ltd and entered into a joint venture with Kanaka and Associates to develop a shopping cum commercial complex at Patto Plaza, Panji North Goa.
In the same year, it acquired 50% interest in Satguru Infocorp Services Pvt. Ltd., which is engaged in the business of providing business commercial centers mainly in Bandra Kurla Complex, Mumbai. In November 2007 Ajay Piramal Group company Piramal Enterprises has entered into a joint venture with Sunteck Realty and Infrastructure to develop properties in the country to invest Rs 1,000 crore in the next one year.
In 2008 Piramal Sunteck Realty Group and Oman’s WJ Towell group have signed an agreement to partner each other in developing high-end and mixed-use properties in and around Muscat.
The company has received Private Equity funding by Kotak Alternate Opportunities (India) Fund. The investment would be through a combination of equity and convertible preference shares, which on conversion will result in a 10 per cent stake in the company, on a fully diluted basis.
It has entered into a development agreement with Pioneer Embroideries Limited (brand Hakoba) for Development of its property, situated at Hakoba Compound, Borivali - (E), Mumbai INDIA.
In 2010 Sunteck Realty launched premium luxury residential tower Signia High at BorivaliIn 2012 Sunteck Realty tied up with Disney and announced to launch Disney inspired homes in IndiaSunteck Realty to enter retail commercialSunteck Realty launches Sunteck City