Sunteck Realty Acquires Andheri East Land With Rs 2.5 Bn GDV

21 Jan 2026 CW Team

Sunteck Realty Limited has acquired a strategically located greenfield land parcel in Andheri East, Off Andheri Kurla Road, as part of its focused expansion in Mumbai’s most resilient micro-markets. Spread across around two acres, the site carries an expected gross development value of approximately Rs 2.5 billion and aligns with the company’s long-term portfolio strategy of scaling up in high-demand urban corridors.

Located in one of Mumbai’s most established mixed-use districts, the site offers proximity to the Mumbai International Airport and strong connectivity to key arterial routes, including the Western Express Highway. The land is situated less than 400 metres from Andheri–Kurla Road and within 250 metres of Sahar Road, supported by metro access and well-developed surrounding infrastructure comprising premium hotels, office hubs and residential neighbourhoods.

The acquisition underscores Sunteck Realty’s disciplined approach to identifying high-quality opportunities in competitive markets. The land had been subject to long-standing ownership complexities involving multiple stakeholders. Over the past 18 months, the company engaged with all concerned parties to resolve these issues and secure clear ownership, unlocking the site’s development potential.

Commenting on the acquisition, Kamal Khetan, Chairman & Managing Director, Sunteck Realty Limited, said the transaction reflects the company’s ability to execute complex deals and deploy capital at compelling values in locations where branded supply remains limited.

This marks Sunteck Realty’s third strategic portfolio addition in the current financial year, following a land acquisition in Mira Road and securing development rights for a society in Andheri East, reinforcing its calibrated growth strategy across Mumbai’s western suburbs.

Real Estate

28 Feb 2026

Casagrand Launches Keystone In Tiruppur

Casagrand has launched Casagrand Keystone, a gated residential development at Rakkiyapalayam, off Avinashi Road, in Tiruppur. Spread across 2.2 acres, the B+G+5 structure comprises 142 units of 2 and 3 BHK homes, supported by 48 indoor and outdoor amenities. The project is introduced at a starting price of Rs 5,199 per sq. ft. The development allocates 1.3 acres to open space, including a central park of about 24,500 sq. ft. A 6,800 sq. ft. clubhouse includes a multipurpose hall, mini theatre and indoor recreation facilities. Other amenities include a 5,100 sq. ft. swimming pool, poolside par..

Premium homes account for half of India’s housing sales in 2025

Knight Frank India, in its latest report on India’s office and residential property market, has highlighted a significant shift in housing demand, with homes priced above Rs 10 million accounting for 50 per cent of total residential sales across the top eight cities in 2025. The findings underscore the growing dominance of premium housing in the country’s real estate landscape.Out of 348,247 residential units sold during the year, approximately 175,091 units were in the Rs 10 million-plus category, marking a 14 per cent year-on-year increase. The data reflects changing buyer preferences, w..

Xbattery launches XB-5K energy storage system for homes, offices

Xbattery, a Hyderabad-based deep-tech company specialising in next-generation energy storage and battery management technologies, has introduced its flagship XB-5K, a scalable 5kWh energy storage system designed for homes and offices in India.The XB-5K is built on the company’s indigenously developed BharatBMS platform, described as India’s first universal high-voltage battery management system architecture aimed at reducing import dependence and improving after-sales service capabilities. The launch comes as India seeks to strengthen domestic manufacturing and address reliance on imported..