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Sunteck lays ground for growth, but shares await a rebound
Mint Kolkata
|June 24, 2025
Sunteck Realty Ltd was recently appointed to redevelop a housing society in Mumbai's Andheri (East). The project's gross development value (GDV) or revenue potential is estimated at ₹1,100 crore, as per media reports.
Sunteck Realty Ltd was recently appointed to redevelop a housing society in Mumbai's Andheri (East). The project's gross development value (GDV) or revenue potential is estimated at ₹1,100 crore, as per media reports. The 2.5-acre land parcel will have about 275,000 sq ft available for free sale.
Mumbai-focused Sunteck has entered redevelopment to unlock high-margin opportunities, the company told Nirmal Bang Institutional Equities at the brokerage's investors conference last week. Sunteck's focus is on projects with an internal rate of return of 30-40% and has several redevelopment projects in advanced planning stages.
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