Sunteck Realty Incorporates Wholly Owned Subsidiary, Astrica Realtors

12 Mar 2025 CW Team

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.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..