+
Sunteck Realty Incorporates Wholly Owned Subsidiary, Astrica Realtors
Real Estate

Sunteck Realty Incorporates Wholly Owned Subsidiary, Astrica Realtors

Sunteck Realty has announced the incorporation of its wholly owned subsidiary (WOS), Astrica Realtors Private Limited (ARPL), on 7th March 2025. The newly formed entity will focus on construction, real estate, and allied activities.

As part of the incorporation, Sunteck Realty has acquired 100% of ARPL’s share capital, subscribing to 10,000 equity shares of Rs 10 each, amounting to a total investment of Rs 1,00,000. The company confirmed that the transaction does not fall under related party transactions, and no promoters, promoter group, or group companies have any interest in it.

Sunteck Realty’s Growth Trajectory A leading luxury real estate developer in India, Sunteck Realty boasts a city-centric development portfolio spanning 52.5 million sq. ft. across 32 projects. The company has demonstrated strong financial growth, 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.

Additionally, revenue from operations surged to Rs 1.61 billion in the December 2024 quarter, marking an impressive 281.06% year-on-year growth.

With ARPL’s incorporation, Sunteck Realty reinforces its commitment to expanding its footprint in India’s luxury real estate market.

Sunteck Realty has announced the incorporation of its wholly owned subsidiary (WOS), Astrica Realtors Private Limited (ARPL), on 7th March 2025. The newly formed entity will focus on construction, real estate, and allied activities. As part of the incorporation, Sunteck Realty has acquired 100% of ARPL’s share capital, subscribing to 10,000 equity shares of Rs 10 each, amounting to a total investment of Rs 1,00,000. The company confirmed that the transaction does not fall under related party transactions, and no promoters, promoter group, or group companies have any interest in it. Sunteck Realty’s Growth Trajectory A leading luxury real estate developer in India, Sunteck Realty boasts a city-centric development portfolio spanning 52.5 million sq. ft. across 32 projects. The company has demonstrated strong financial growth, 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. Additionally, revenue from operations surged to Rs 1.61 billion in the December 2024 quarter, marking an impressive 281.06% year-on-year growth. With ARPL’s incorporation, Sunteck Realty reinforces its commitment to expanding its footprint in India’s luxury real estate market.

Next Story
Real Estate

No glass boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it ..

Next Story
Infrastructure Transport

Why do pavements fail?

India’s highways continue to expand at a healthy pace. But conversations on the surface quality of highways are growing louder because major deficiencies and black spots continue to be identified, and they are cause for concern.“Road surface roughness causes vehicle vibrations that, in turn, can affect the performance of drivers,” explains Dr V K Gahlot, Road Safety Auditor, Centre for Research and Sustainable Development (CfRSD). “Continuous exposure may induce fatigue, a contributory factor to road accidents. Road surface roughness also affects the vehicle operating cost...

Next Story
Infrastructure Urban

APAC Logistics Rents Fall for First Time Since 2020

Logistics rents across the Asia-Pacific region declined 0.4% year-on-year in H1 2025, marking the first annual drop since 2020, according to Knight Frank’s Logistics Highlights H1 2025 report. Despite global trade tensions and cautious occupier sentiment, India emerged as a standout performer, driven by robust manufacturing momentum and supply chain recalibration.Regional Trends and DivergenceWhile rents largely remained stable across most markets, regional differences became more pronounced:Mainland China continued to see rental declines, though the pace of decline moderated to 12.8% YoY, s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?