Sunteck Realty Limited (SRL) was founded in 2000 by Kamal Khetan and has since built a development portfolio that stretches from ultra-luxury enclaves at Bandra Kurla Complex to large-scale townships on Mumbai's western fringe. The company maintains a zero-net-debt balance sheet and a city-centric portfolio spanning approximately 50 million sq ft across 32 landmark projects. Its projects are differentiated under six brand portfolios — from uber luxury residences through aspirational luxury to commercial and retail developments. Mira Road East now sits firmly within that expansion strategy.
Sunteck considers Mira Road a fast-emerging micro-market, and its existing project, Sunteck SkyPark, has already recorded sales of more than ₹1,000 crore. That commercial momentum led to a second, larger commitment: on 23 July 2025, Sunteck confirmed it had signed a joint development agreement to develop a land parcel in Mira Road, located along the Western Express Highway, measuring around 3.5 acres. The project is expected to unlock a gross development value of roughly ₹1,200 crore and deliver close to 5.5 lakh square feet of carpet area. Kamal Khetan described the JDA as reinforcing Sunteck's commitment to expanding in high-potential growth corridors of MMR, calling Mira Road "an ideal canvas for creating a landmark luxury residential development."
Sunteck SkyPark is located on Kanakia Road, Beverly Park, Mira Road East, Mumbai. Beverly Park is considered one of the more upmarket sub-localities within Mira Road, home to premium societies and high-rise towers. The project's footprint and configuration set it apart from the surrounding stock.
Spread across 7.25 acres with only 4 towers, the project offers low-density living, abundant open spaces, and well-ventilated homes. The development spans 7.5 acres and features 4 high-rise towers with 45 floors. Towers are planned so that apartments do not face each other, giving residents unobstructed, open views. The project is being developed in phases under the promoter entity Sunteck Lifespace Private Limited.
It offers 2 BHK and 3 BHK apartments alongside 3 floors of European-style high-end retail. Carpet areas run from 665 to 702 sq ft for 2 BHK configurations and 959 to 1,051 sq ft for 3 BHK configurations. Higher-floor SkyDeck residences are available for buyers seeking elevated outdoor living.
The project provides a 1.5 lakh sq ft clubhouse, landscaped gardens, a 50-feet above-ground infinity swimming pool, and 4-level podium parking. A Jain/Hindu temple on the premises is also part of the development's community programme. Internal specifications include vitrified tiles, branded fittings, and kitchen platforms across all apartments. Podium and basement car parking are both available within the project.
Prices at Sunteck SkyPark start at ₹1.23 crore, positioning the project at the branded premium end of the Mira Road East market. Apartment prices range up to ₹2.5 crore across configurations. Market pricing data from Square Yards shows traction: during Q1 2026, average asking prices at SkyPark moved from ₹18,550 per sq ft to ₹19,400 per sq ft, a 4.58% quarter-on-quarter rise. A total of 123 residential transactions were registered at the project, amounting to ₹179 crore in total value through June 2026.
As of August 2024, 181 out of 271 launched units had been booked, including 84% of 2 BHK units (111 out of 132) and 50% of 3 BHK units (70 out of 139). The strong absorption of 2 BHK stock reflects the dominant buyer profile in the locality, with research confirming that the most active search pattern in Mira Road East is 2 BHK under ₹1.3 crore.
Sunteck SkyPark Mira Road East holds MahaRERA registration numbers P51700050166, P51700050167, and P51700055703. These registrations are recorded under Mira Bhayander Municipal Corporation jurisdiction and are publicly verifiable on the MahaRERA portal at maharera.mahaonline.gov.in.
Sunteck's sequential commitment to Mira Road East — from SkyPark to the new ₹1,200-crore JDA — tracks a concrete infrastructure timeline that has materially altered the micro-market's connectivity profile.
Metro Line 9 Phase 1 went operational on 4 April 2026, covering four stations across 4.5 kilometres from Kashigaon to Dahisar East. Metro Line 9 is part of Mumbai Metro's Phase 2 expansion, acting as an extension of Line 7 (Dahisar East to Andheri East). The full 13.58 km corridor will connect Mira-Bhayandar to CSMIA Airport via 10 stations, with full completion targeted for 2028–29. The new Sunteck JDA site sits close to the upcoming Miragaon Metro Station on Metro Line 9, and is also near both Dahisar and Mira Road railway stations.
Additional connectivity infrastructure includes the Western Express Highway, Mira Road Railway Station, the upcoming Borivali-Thane tunnel road, the Gorai-Bhayandar road, and the Airoli to Katai Naka elevated road. When the full Line 9 is operational, a Mira Road resident will be able to reach the airport, BKC (via Line 7 to Line 3 interchange), and South Mumbai — all without a car.
An MMRDA report suggests property prices around metro stations can increase by 15–25% once operations begin. In Mira Road East specifically, prices have already climbed nearly 80–85% over five years, from approximately ₹7,000 per sq ft in 2020 to around ₹11,500–₹13,000 per sq ft in 2025. Sunteck SkyPark's per-sq-ft ask of approximately ₹19,400 in early 2026 sits at a notable premium to the locality average, consistent with the branded, amenity-rich positioning Sunteck deploys across its portfolio.
Mira Road East houses social infrastructure including Bright International School, Global Multispeciality Hospital, and Supreme Park. Podar International, Wockhardt Hospital, and Maxus Mall are among the other established social assets in the area. For buyers relocating from denser central or western suburbs, the combination of institutional-grade schools, hospitals within reach, and daily retail — Star Bazaar is 130 metres from SkyPark's gate and D-Mart is 2.8 km away — reduces reliance on long drives for daily needs.
Many areas in Mira Road East have shown capital appreciation of 8–12% annually, with rental yields ranging from 3% to 4.5%. Micro-markets like Mira Road are witnessing rising demand from higher-income end-users, particularly those looking for better space, amenities, and long-term connectivity — precisely the buyer profile that Sunteck's product tier in SkyPark is calibrated to serve.
Understanding Sunteck's scale elsewhere in the Mumbai Metropolitan Region helps place its Mira Road work in context. The company's landmark developments include Signature Island at Bandra Kurla Complex, SunteckCity at Oshiwara District Centre in Goregaon, and SunteckWorld at Naigaon — described as the largest township in MMR's western suburbs. Mira Road East is, geographically, the next node up the Western Railway corridor from Naigaon, and Sunteck's strategy appears to follow the infrastructure-led growth that has successively transformed Naigaon, Bhayandar, and now Mira Road itself.
Sunteck has consistently focused on leveraging infrastructure-led growth in strategically located micro-markets, using the JDA model to pursue asset-light development while expanding its footprint into newer zones. The ₹1,200-crore JDA signed in July 2025 on the Western Express Highway frontage is the clearest public signal yet that the developer views Mira Road East not as a one-project experiment but as a sustained operating market.
