Archive · 3 Oct 2025
Sunteck Realty Targets Ultra-Luxury Housing Expansion
Sunteck Realty, a real estate company, is planning to build very fancy homes in Mumbai and Dubai.
These homes will be under a brand called Emaance and will cost a lot of money per square foot.
The first project will be in Mumbai.
The company hopes to sell a lot of these luxury homes.
Right now, they are also focused on selling homes in their existing projects.
In the meantime, they are concerned about factors like the economy and IT layoffs, that could potentially affect how many homes they can sell.
Sunteck Realty plans ultra-luxury housing projects under the Emaance brand.
Residences under Emaance brand will be priced upwards of ₹2.5 lakh per square foot.
First project launch scheduled for FY26 at Nepean Sea Road, Mumbai.
Sunteck's Q1FY26 pre-sales reached ₹657 crore.
Concerns about housing sales in Mumbai due to economic factors.
- Who
- Sunteck Realty Ltd
- What
- Plans to launch ultra-luxury housing projects under the Emaance brand.
- When
- Over the next 12 months, with the first project in FY26.
- Where
- Mumbai and Dubai.
- Why
- To drive growth by expanding into the ultra-luxury housing market.
Concerns
Optimism
Market conditions
Concerns
Likely softness in housing sales in MMR amid US tariff-related uncertainties and layoffs in the Indian IT sector, which could affect future housing demand.
Optimism
Sunteck ended FY25 with strong pre-sales and is eyeing similar growth in FY26.
- Company
- Sunteck Realty Ltd
- Ultra-Luxury Brand
- Emaance
- Planned Project Locations
- Mumbai and Dubai
- Price per Sq. Ft. (Emaance)
- ₹2.5 lakh+
- FY26 Launch
- Nepean Sea Road project
- FY25 Pre-Sales
- ₹2,531 crore
- Q1FY26 Pre-sales
- ₹657 crore
- Mira Road Project GDV
- ₹1,200 crore