Sunteck Realty Incorporates Astrica Realtor

10 Mar 2025 CW Team

Sunteck Realty Limited (SRL), one of India’s leading luxury real estate developers, has announced the incorporation of a wholly owned subsidiary, Astrica Realtors Private Limited (ARPL), on 7th March 2025. The newly formed entity will focus on construction, real estate, and allied activities, reinforcing Sunteck’s commitment to expanding its city-centric development portfolio.

The company has acquired 100% of ARPL’s share capital by subscribing to 10,000 equity shares, each with a face value of Rs 10, amounting to a total investment of Rs 1,00,000. Sunteck Realty confirmed that this transaction does not fall under related party transactions, and none of its promoters, promoter group, or associated companies have any stake or interest in ARPL.

Sunteck Realty has established itself as a key player in the luxury real estate segment, with a strong portfolio spanning 52.5 million square feet across 32 projects. The company’s financial performance has shown remarkable improvement, reporting a consolidated net profit of Rs 425 million in Q3 FY25, a significant turnaround from a net loss of Rs 973 million in Q3 FY24. Revenue from operations also witnessed a robust 281.06% year-on-year growth, reaching Rs 1.61 billion in the December 2024 quarter.

Despite the positive developments, Sunteck Realty’s stock ended 0.96% lower at Rs 397.05 on 7th March 2025. The incorporation of ARPL is expected to further strengthen the company’s position in the real estate sector, driving future growth and expansion.

Infrastructure Transport

17 Jun 2025

India To Export Rs 30 Billion Locomotives To Guinea

India will export 150 Evolution Series ES43ACmi locomotives worth over Rs 30 billion to the Republic of Guinea for use at the Simandou iron ore project site, the Ministry of Railways announced on Monday, 16 June 2025.Manufactured at the Railway Locomotive Factory in Marhowrah, Bihar, the locomotives are part of the Make-in-India initiative and will be supplied in phases: 37 units in the current financial year, 82 units next year, and the remaining 31 in the third year.The 4,500-horsepower locomotives feature AC propulsion, regenerative braking, microprocessor-based controls, and modular archit..

Centre Offers Rs 180 Billion for Urban Planning Reforms

In a move to accelerate comprehensive urban planning reforms across India, the central government has announced Rs 180 billion in special capital investment assistance for 2025–26. States and Union Territories (UTs) can apply for these funds to implement measures focused on improving governance, urban finance, land use, and the overall ease of doing business.According to a communication issued by the Ministry of Finance (MoF) on 22 May, funds will be disbursed as per a detailed guideline and on the recommendation of the Ministry of Housing and Urban Affairs. The reforms aim to bring structur..

Lohapul Bridge Work Progresses to Aid Railway Expansion

Construction of a new bridge adjacent to the historic Lohapul railway bridge in Nagpur is progressing steadily, with the existing structure now closed to traffic. The new bridge is crucial for facilitating the third and fourth railway line expansion between Nagpur and Wardha under Central Railway’s jurisdiction.Currently, underground utility shifting and the installation of a new drainage line are underway. The Rs 30 million project is being executed by CS Construction India Pvt. Ltd., under the supervision of Central Railway’s construction department. The initial phase, involving the layi..