SUNTECK

SUNTECK

In 1982, Sunteck Realty, which is an India-based company of Sunteck Group, was being incorporated. It was also formerly known as Sunteck Realty & Infrastructure Ltd, and it is engaged in the business of real estate and construction of residential projects. It is a young and dynamic business enterprise that entered the real estate business in the year 1998–99 for providing world-class commercial spaces. The particular group extended its plan to diversify real estate product lines, i.e., Residential, Commercial, Retail, Entertainment Parks, Hotels, and so on. Also, it is a well-recognized group for its Corporate Business Centres that are located at Bandra Kurla Complex, Mumbai. The Company's developmental activities cover the major metros and mini-metros of India that include Mumbai (in Bombay), Nagpur and Goa. It has set-up at least two international standard Corporate Business Centers located at Bandra Kurla Complex, which is the most extensive Commercial Business District (or CBD) of Mumbai city:

• Sunteck Centrako
• Sunteck Certainty

The Company's clients also include Citibank, Agilent Technologies, AT&T, Borland, Cisco Systems, Stern Stewart, Intel technologies, Symantec, Redware, and more. Also, it has formed a joint venture, along with Piramal Enterprises Ltd. and promoted by the Ajay Piramal Group. This particular Joint Venture is also known as Piramal Sunteck Realty Pvt Ltd., and it focuses on high-end realty projects in the most explored after several locations in metros and selects Tier-II cities in the India and strategic locations worldwide. Also, the first Indo-Omani real estate partnership that is Piramal Sunteck Realty and Oman's WJ Towell group signed an agreement for developing high-end as well as mixed-use properties both in and around Muscat. In 1866, WJ Towell formed one of the leading private sector companies located in Oman and was also a diversified group, along with interests in trade, property, industry, and services.

Some of the ongoing projects of the company:

• Sunteck Centre IT Park, along with Ground+Basement+5 storeys, and the total saleable area is 1,50,000 sq. Ft. is located at Subhash Road, Vile Parle (E), Mumbai, India.
• SUNTECK GRANDEUR, along with Ground+Basement+ Mezanine +9 storeys, along with the total saleable area of 1,00,000 sq. Ft. that is located at S.V.Road, Andheri (W) Mumbai, India.
• The signature island is a modern luxurious residential project in Bandra Kurla Complex, Mumbai.
• A residential complex in Nagpur.

Some of its upcoming projects are:

• Suntech Sion, which is approximately 25 Storeys, with a total saleable area of about 13, 00,000 sq. Ft. in SION, Mumbai.
• Suntech Hubli Shopping Mall, along with Multiplex and Hotel, Basement + Ground + 4 Storeys, with Total Saleable Area of 3,40,000 Sq. Ft. located at Gokul Main Road, Hubli, Karnataka, India.
• The international project includes 2 High-end residential projects and one mixed-use township located at the prime locations in Muscat.

In 2007, it also acquired about 26% interest in Samhrutha Habitat Infrastructure Pvt. Ltd and then entered into a joint venture with Kanaka and its associates for developing a shopping cum commercial complex located at Patto Plaza, Panji North Goa. Within the same year, the company also acquired about 50% interest in Satguru Infocorp Services Pvt. Ltd. that is specifically engaged in the business of offering commercial business centers primarily in Bandra Kurla Complex, Mumbai. In November 2007, the Ajay Piramal Group Company Piramal Enterprises also entered into a joint venture with Sunteck Realty and Infrastructure for developing properties in India and invested about INR 1,000 crore in the coming year. In 2008, both Piramal Sunteck Realty Group and Oman’s WJ Towell group agreed and signed an agreement to partner with each other for developing high-end as well as mixed-use properties in and around Muscat. It also received Private Equity funding by Kotak Alternate Opportunities (in India) Fund. The investment can be via a combination of equity and convertible preference shares that is on conversion and can result in a 10% stake in the company, on a completely diluted basis. Also, the company entered into a development agreement, along with Pioneer Embroideries Limited (or brand Hakoba) for its property development that is located at Hakoba Compound, Borivali - (E), Mumbai India. In 2010, the company launched premium luxury residential tower Signia High located at Borivali. In 2012, the company was tied up with Disney and announced to launch Disney motivated homes in India. Also, the company enters the retail commercial It also launched the Sunteck City.