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.

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