Sunteck Realty to Lead Rs 11 Bn Redevelopment in Andheri East

31 May 2025 CW Team

Sunteck Realty has been appointed as the developer for the redevelopment of a housing society located in Mumbai’s Andheri (East). The project carries an estimated gross development value (GDV) of Rs 11 billion.

Spanning approximately 2.5 acre (10,290 square metre), the land is strategically situated near the Western Express Highway. According to the company’s stock exchange filing on May 29, the project is expected to offer around 2.75 lakh square feet of free sale area—referring to the portion of the development available for sale in the open market after fulfilling the housing requirements of existing tenants.

The redevelopment will be executed through Sunteck’s wholly owned subsidiary and is expected to be completed within three to four years from the start of construction to the handover to the society.

Sunteck Realty stated that the entire project would be financed through internal accruals. As of FY25, the company reported a net debt-to-equity ratio of -0.04x, indicating a net cash surplus of Rs 1.25 billion.

Andheri (East) remains a key residential and commercial hub in Mumbai. During the first quarter of calendar year 2025 (Q1 CY25), the area recorded 290 new sale transactions amounting to a gross sales value of Rs 4.51 billion, as per data from Square Yards Data Intelligence.

The average property rate in the locality stood at approximately Rs 35,163 per sq ft in Q1 CY25, showing a slight dip from Rs 35,374 per sq ft in Q1 CY24. Meanwhile, rental rates hovered around Rs 77.9 per sq ft.

Earlier, in Q4 FY25, Sunteck Realty reported its highest-ever pre-sales of Rs 8.70 billion, marking a 28.32 per cent year-on-year increase. Collections during the same period rose to Rs 3.10 billion, compared to Rs 2.96 billion in Q4 FY24.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..