Sunteck Realty Acquires 2-Acre Andheri East Land Parcel with ₹2,500 Crore GDV
Andheri East acquisition signals continued growth for Sunteck Realty
Sunteck Realty has acquired a two-acre land parcel in Mumbai's Andheri East with an expected gross development value (GDV) of approximately Rs 2,500 crore. The acquisition is located off Andheri–Kurla Road, positioning the development in one of the city's most competitive real estate micro-markets.
Resolving complexity for development potential
The site had been subject to long-standing land-level litigation spanning over a decade and involving multiple stakeholders. Sunteck resolved multi-stakeholder issues through 18 months of sustained engagement, securing clear ownership and unlocking the property for development.
This acquisition adds to Sunteck's disciplined approach to portfolio expansion. The acquisition marks Sunteck Realty's third strategic portfolio addition in the current financial year, following acquisitions in Mira Road and Andheri East, strengthening the company's presence across Mumbai's western zones.
Strategic location in a high-demand corridor
The greenfield site is situated in a well-established mixed-use district, less than 400 metres from Andheri–Kurla Road and within 250 metres of Sahar Road, with strong connectivity to the Western Express Highway, metro networks and Mumbai International Airport. The surrounding micro-market is supported by mature social and commercial infrastructure, including premium hotels, office developments and residential neighbourhoods.
Over the past decade, Andheri East has evolved from a key commercial hub to one of Mumbai's most promising residential markets, with property values appreciating by 16.4% since 2015. In a high-demand location like Andheri East, where quality, branded supply remains limited, the site presents a strong opportunity to deliver a differentiated, value-accretive development.
Sunteck's track record and financial position
Sunteck Realty Limited (SRL) is a leading luxury real-estate developer, founded in the year 2000 by Mr. Kamal Khetan, and currently has a portfolio of about 50 million square feet spread across 32 projects. Sunteck has 50 million square feet of portfolio spread across 32 developments in the Mumbai metropolitan region (MMR) and a GDV of $5 billion.
In the first half of FY26, the firm recorded pre-sales of Rs 1,359 crore across its MMR portfolio. The company has been a trendsetter in creating iconic destinations such as Signature Island at Bandra Kurla Complex (BKC), Sunteck City in Oshiwara District Centre (ODC), Goregaon and SunteckWorld at Naigaon—the largest township of MMR's western Suburbs.