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 Urban

23 May 2025

Euler Motors Secures Rs 6.38 Billion Funding With Hero

Electric commercial vehicle startup Euler Motors has secured Rs 6.38 billion in its latest Series D funding round, with Hero MotoCorp joining as a key strategic investor. British International Investment, the UK government’s development finance arm, also continued its support.Euler Motors will use the fresh capital to broaden its national sales and service footprint and accelerate development of new electric vehicle models. This funding arrives as India’s demand for electric commercial transport surges, especially in e-commerce, retail, and last-mile logistics.Founded in 2018 and based in ..

Guwahati Airport Terminal Upgrade Progresses Ahead of October Deadline

Lokpriya Gopinath Bordoloi International Airport in Guwahati, operated by the Adani Group, is set to shift operations to its new terminal by October 2025. Construction and infrastructure work are advancing rapidly to meet this deadline.Assam Chief Secretary Ravi Kota, during a high-level review, directed departments including Public Works (Roads), Water Resources, and Guwahati International Airport Limited (GIAL) to prioritise coordination and adhere strictly to the October timeline.Key tasks include acceleration of work on roadways, service lanes, street lighting, drainage, and utility logist..

Cochin Airport Launches Rs two Billion CIAL 2.0 Project

Kerala Chief Minister Pinarayi Vijayan inaugurated the Rs two billion CIAL 2.0 project at Cochin International Airport Limited, aiming to fully digitise airport operations and enhance passenger security. The initiative is a benchmark in airport modernisation, combining social responsibility with development.India handled 375 million air passengers in 2023–24, with a 21 per cent increase in domestic flyers, ranking third globally. Passenger numbers are expected to reach one billion annually by 2040, making airport preparedness critical.Cochin Airport serves around 50,000 daily passengers and ..