Sunteck Realty Limited was founded in 2000 by Mr. Kamal Khetan and has built a portfolio of approximately 50 million square feet spread across 32 projects. The company's trajectory has largely followed Mumbai's western corridor — from the flagship Signature Island at Bandra Kurla Complex to Sunteck City in Oshiwara District Centre, Goregaon, and SunteckWorld at Naigaon, the largest township in MMR's western suburbs. The decision to enter Kalyan West is, therefore, deliberate and grounded in a pattern the company has repeated across MMR: identify a supply-constrained suburb with strengthening infrastructure, acquire a large land parcel before the macro story matures, and bring its institutional-grade product to buyers who have had no access to that format locally.
Sunteck Realty seized opportunities during the Covid-19 pandemic, making significant acquisitions in strategically chosen locations including Kalyan Shahad. That site — off Mohane Road in Shahad — is now the address of Sunteck Crescent Park, the company's first project in the central suburbs of Mumbai.
Sunteck Crescent Park is being constructed on a 7-acre land parcel with 4 towers of G+41 floors, offering 1 BHK and 2 BHK premium residences. Spanning a lush 7-acre land parcel with 80% open spaces, the project is designed for those who refuse to settle for the ordinary. The vertical scale matters here: while most developments in the area are mid-rise, Sunteck chose to build vertically — the 41-storey towers are designed not just for aesthetics, but for the health and well-being of residents, and by building upward, 80% of the land has been preserved for open greenery, a ratio uncommon in Kalyan.
The project is sited on Mohane Road in Dhakate Shahad, and its proximity to the Ulhas River gives upper-floor apartments unobstructed river views. The towers are strategically positioned so that no apartments face each other, and with only 4 towers on an expansive 7-acre parcel, the low density ensures a spacious and breathable environment for residents.
The RERA IDs for Sunteck Crescent Park are P51700053439 and P51700053312. Apartment prices range from ₹79.52 lakhs to ₹1.4 crores. Eleven sales transactions were registered in the project between July 2025 and June 2026 at an average price of ₹12,000 per sq ft. The project's per-square-foot rate sits modestly above the Kalyan West market average: Sunteck Crescent Park averages ₹11,700 per sq ft compared to the Kalyan West market average of ₹10,900 per sq ft.
A historical city and a major railway junction, Kalyan is one of the most significant hubs in the Mumbai Metropolitan Region; within it, the West is the more developed and upscale zone. For Sunteck, the site selection at Shahad is specifically calibrated around transit proximity.
The project is located off Mohane Road, Kalyan West, with Shahad Railway Station 1 km away, Reliance Digital 2 km away, and D-Mart 3.3 km away. Kalyan Junction is 10 minutes by road and, as one of India's most important railway nodes, connects residents to both the Central Railway and outstation train networks.
Metro infrastructure is the longer-dated catalyst. Metro Line 5, connecting Thane, Bhiwandi, and Kalyan, is one of the most impactful developments for Kalyan West. The upcoming Metro Line 5 and a 26 km Ring Road project are set to make connectivity to Thane, Bhiwandi, and Navi Mumbai seamless. The Virar-Alibaug Multimodal Corridor provides additional seamless transit options for working professionals.
Kalyan West has an industrial belt extending to Badlapur that provides employment for people residing in the region. The strategic location near Thane and Bhiwandi commercial hubs drives consistent rental demand. This employment-residential dynamic — industrial and commercial jobs within commutable distance, a rail junction that reaches South Mumbai in roughly an hour — is the same thesis Sunteck applied when it entered Naigaon and Vasai before those markets re-rated.
Average property rates per square foot in Kalyan West stood at around ₹10,450 per sq ft, with flat rates changing 4.5% in the last one year, 6.6% in the last three years, and 14.2% in the last five years. The average rental yield in Kalyan West is 4%. Against this backdrop, Sunteck Crescent Park's pricing at approximately ₹11,700 per sq ft positions it at the top of the local spectrum — consistent with how the company prices its aspirational-luxury tier in other MMR corridors.
Infrastructure projects typically impact property prices in phases, and prices in Kalyan West are still lower compared to fully developed suburbs — early-stage infrastructure-driven growth often delivers better returns over a 5 to 7 year horizon compared to saturated markets. Sunteck's entry into the area at scale is itself a signal that the company views the corridor as being in that early phase.
Sunteck Realty has differentiated its projects under six brand portfolios — Uber luxury residences, Ultra luxury residences, Premium luxury residences, Marquee Luxury Destination, Aspirational luxury residences, and Commercial and Retail developments. Crescent Park falls under the aspirational-luxury band, which the company has successfully deployed at scale in Naigaon under the SunteckWorld banner.
The company is listed on NSE and BSE. Sunteck Realty maintains a net debt-to-equity ratio of 0.07x and holds an AA long-term credit rating from India Ratings (Fitch). The company reported highest-ever annual pre-sales of approximately ₹2,531 crore in FY25, registering 32% year-on-year growth. Sunteck has also formed a joint investment platform with IFC-World Bank Group, potentially bringing in up to ₹750 crore for future projects.
The company holds triple ISO certifications — ISO 9001:2015 for Quality Management System, ISO 14001:2015 for Environmental Management System, and ISO 45001:2018 for Occupational Health and Safety Management System. Sunteck Realty received Green Building Pre-Certification for several of its ongoing projects from Edge-IFC, a member of the World Bank Group.
The company has delivered 17 residential and commercial projects worth approximately ₹9,000 crore to date. For a buyer in Kalyan West, the relevance of that track record is straightforward: Crescent Park is not a speculative first venture by an unknown entity. It is a RERA-registered project by a publicly listed developer with an audited balance sheet, institutional investors on its cap table, and a pattern of delivering large-format township projects across MMR.
The neighbourhood around the project is family-friendly and well-connected, with reputed schools, hospitals, and shopping centres nearby. City Criticare Hospital is 8 minutes away and Sanjeevani Hospital is 1.73 km from the project. Retail options in the broader Kalyan West catchment include Metro Junction Mall, My Mall, Sarvoday Mall, and Panjwani Plaza, among others.
