Sunteck Realty Ltd. (SRL) is a Mumbai based BSE-listed developer focussed on office space and luxury residential with approximately 2.2 million square feet under development. Mr. Kamal Khetan who is the main promoter of SRL is a highly experienced developer with over 15 years of experience.
SRL has, directly and indirectly through group companies, nine projects under development. Of these projects, three projects are currently income yielding i.e. serviced offices and the balance are development projects. All the said projects are located in Mumbai and Goa.
The serviced office development are located in the secondary business district of Bandra-Kurla Centre and Andheri in Mumbai. The flagship project of SRL group is a luxury residential development i.e. Signature Island, at Bandra Kurla Complex (BKC) in Mumbai.
According to Knight Frank Research, there has been a steady growth of rental values, across all the micro-markets of Mumbai. Over the last year, the base rentals in the Central Business District (CBD) have moved up by approximately 20% and in the Suburban Business District (SBD) of BKC by 25%. With demand outstripping Grade-A office space supply in Mumbai, the vacancy rates have decreased from 5%-8% to 2%-3%.
Further, considerable growth in capital values has been witnessed in the luxury residential segment in Mumbai over the last few years. Sunteck Realty is ideally positioned to capitalize on the office and luxury residential segments in Mumbai, both of which are facing supply shortages and increasing demand. |
