Sunteck Realty Acquires Andheri East Land; GDV at Rs 25 billion

21 Jan 2026 CW Team

Sunteck Realty Limited has acquired a strategically located land parcel of around two acres in Andheri East, off Andheri–Kurla Road, with an estimated gross development value (GDV) of approximately Rs 25 billion. The acquisition reinforces the company’s expansion strategy in Mumbai’s high-demand and resilient urban corridors.

The greenfield site is situated in a well-established mixed-use district, less than 400 metres from Andheri–Kurla Road and within 250 metres of Sahar Road, with strong connectivity to the Western Express Highway, metro networks and Mumbai International Airport. The surrounding micro-market is supported by mature social and commercial infrastructure, including premium hotels, office developments and residential neighbourhoods.

The transaction involved resolving land-level complexities and litigation spanning over a decade and multiple stakeholders. Over the last 18 months, Sunteck engaged with all concerned parties to secure clear ownership and unlock the site’s development potential.

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… 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 marks Sunteck Realty’s third strategic portfolio addition in the current financial year, following acquisitions in Mira Road and Andheri East, further strengthening its presence across Mumbai’s western suburbs.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..