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Sunteck lays ground for growth, but shares await a rebound

Mint Mumbai

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.

- Harsha Jethmalani

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.

Esta historia es de la edición June 24, 2025 de Mint Mumbai.

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MÁS HISTORIAS DE Mint Mumbai

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Husk Power aims to raise $400 mn

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Don't make AI models but make the most of what exists

Earlier this year, Amazon announced that it was eliminating 4,000 management positions because artificial intelligence (Al) tools had rendered those middle-management roles redundant.

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Mint Mumbai

The Federal Reserve’s tool for calming short-term funding markets is being tested

The Federal Reserve is struggling to persuade some banks to use a lending tool designed to improve the central bank’s control over short-term money markets.

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Mint Mumbai

Wipro to enter pet foods with ‘HappyFur’

Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.

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