Sunteck Realty to focus on premium luxury residential segment

Riding on the increasing demand for high-end residential space, realty major Sunteck Realty today said as part of its growth plans, it would focus on the premium luxury space in Mumbai.

The company is developing a range of landmark residential projects with apartments ranging from Rs 1 crore to Rs 40 crore.

It has 27 projects in the pipeline out of which it has already successfully launched nine projects, it said in a statement here.

Of the nine, six are premium residential and three commercial projects with the remaining projects proposed for launches in the current fiscal, it said.

"Sunteck Realty is focused on catering to the aspirational business professionals by providing them their dream house," Sunteck Realty's Chairman and Managing Director Kamal Khetan said.

The company has already launched its high-end residential landmark projects--Signature Island at BKC with duplex apartments with an area of around 7,000 square feet to 11,000 square feet. Owing to the huge potential at BKC, the company plans to launch another two luxury residential projects -- Signia Isles and Signia Pearl -- in the near future, it said.

Sunteck has tapped key areas of Mumbai such as Andheri, Borivali, Vile Parle, Goregaon, Airoli, Mulund and Thane for further development.