Sunteck Realty Limited, one of Mumbai’s leading luxury real estate developers, has acquired a strategically located land parcel in Andheri East, off Andheri Kurla Road, reinforcing its focused expansion within Mumbai’s most established and resilient micro-markets. The land is spread across approximately 2 acres and carries an expected gross development value (GDV) of approximately ₹2,500 crore. This aligns with Sunteck’s long-term portfolio strategy of building scale in high-demand urban corridors and strengthening its foothold in Mumbai.

This greenfield land parcel is located in Andheri East, within one of Mumbai’s most established mixed-use districts that seamlessly support both commercial and residential development. With close proximity to the Mumbai International Airport, the site is situated less than 400 meters from Andheri–Kurla Road and within 250 meters of Sahar Road, providing immediate access to key arterial corridors, including strong connectivity to the Western Express Highway. Supported by metro connectivity and robust surrounding infrastructure, the site sits within a mature urban ecosystem characterized by premium hotels, established office developments, and well-developed residential neighborhoods.

The acquisition highlights Sunteck Realty’s disciplined approach to identifying high-quality opportunities within Mumbai’s most competitive real estate markets. The site had been subject to long-standing land-level complexities/litigation spanning over a decade and involving multiple stakeholders. Over the past 18 months, Sunteck has engaged individually with all concerned parties to resolve these issues, enabling the company to secure clear ownership and unlock the site’s development potential. This approach reflects Sunteck’s strength in navigating complexity through well-timed capital allocation, creating a strong foundation for long-term value creation.

Commenting on the acquisition, Kamal Khetan, Chairman & Managing Director, Sunteck Realty Limited, said, “At Sunteck, we are highly selective about where and how we deploy capital. This acquisition reflects our ability to identify high-potential opportunities and execute complex transactions involving multiple stakeholders, enabling us to create exponential value for the company and its stakeholders. Our well-timed capital allocation allows us to enter at compelling values and unlock long-term value. In a high-demand location like Andheri East, where quality, branded supply remains limited, this site presents a strong opportunity to deliver a differentiated, value-accretive development.”

This transaction represents Sunteck Realty’s third strategic addition to its development portfolio in the current financial year, following the new acquisition in Mira Road and securing development rights for a society in Andheri East. Collectively, these transactions reinforce Sunteck’s focused expansion and strengthen its foothold across Mumbai’s western suburbs, underscoring a calibrated growth strategy spanning both greenfield acquisitions and redevelopment opportunities.