Sunteck Realty Plans FY27 Project Launches With ₹6,000–7,000 Crore GDV Across Andheri, Mira Road, Vasai and Naigaon
Sunteck Realty Charts Aggressive Expansion Path With FY27 Project Launches
Sunteck Realty Limited outlined an ambitious new project pipeline during its Q4 FY26 earnings call on April 22, 2026, signalling continued momentum in its residential development strategy across the Mumbai Metropolitan Region. The call took place at 4:00 p.m. IST on April 22, 2026, to discuss financial results and business updates.
Launch Roadmap Totals ₹6,000–7,000 Crore GDV
Management guided for new project launches totalling ₹6,000–7,000 crore in gross development value over the next 12 months, spanning four key geographic markets within its existing footprint. The planned launches include projects in Andheri, Mira Road, Vasai, and Naigaon, with management confident of sustaining similar growth momentum in FY '27.
The pipeline comprises a mix of greenfield development and asset expansion:
- A redevelopment project on the Western Express Highway in Andheri
- An additional tower at Skypark in Mira Road
- Two towers at Beach Residences in Vasai
- A new phase at Sunteck World in Naigaon
- A newly acquired JDA (Joint Development Agreement) project in Mira Road
The Mira Road JDA acquisition is also expected to launch within the 12-month window, underscoring the developer's focus on consolidating presence in the growing periphery market.
Growth on the Back of Strong FY26 Performance
Pre-sales rose 22% year-on-year to ₹1,064 crore in Q4FY26 and increased 25% year-on-year to ₹3,157 crore for FY26. During the year, Sunteck Realty added three strategic projects in the Mumbai Metropolitan Region with an estimated gross development value of ₹5,000 crore, including redevelopment and JDA projects at Andheri and Mira Road, along with an outright land acquisition near Mumbai airport.
Management remains confident of sustaining similar growth momentum in FY '27, with the company expecting blended EBITDA margins of 35% to 40% going forward.
Developer's Footprint Across Established Markets
Sunteck Realty Limited is one of India's leading luxury real-estate developers, founded in 2000 by Kamal Khetan, and currently has a portfolio of about 50 million square feet spread across 32 projects. The company 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 & Retail developments.
The company has been a trendsetter in creating iconic destinations such as Signature Island at Bandra Kurla Complex, Sunteck City in Oshiwara District Centre, Goregaon and SunteckWorld at Naigaon—the largest township of MMR's western suburbs.
Sunteck Realty seized opportunities during the Covid-19 pandemic, making significant acquisitions in strategically chosen locations such as Vasai West, Borivali West, Kalyan Shahad and Mira Road, with an estimated development potential of over 20 million square feet and a gross development value of Rs. 20,000 crores.
Skypark Expansion in Mira Road
Skypark, the company's premium residential offering in Mira Road, represents an existing asset platform being expanded as part of the FY27 pipeline. Sunteck Sky Park spans over 7.25 acres and 40 stories, offering upscale amenities including a spacious amphitheatre, an elegant spa, and an expansive club. The project is scheduled to commence possession from December 2029.
Beach Residences Multi-Tower Build-Out in Vasai
Beach Residences in Vasai West represents the developer's entry into the beyond-Mira-Road coastal segment. Sunteck Beach Residences Vasai West has 12 towers, with 35 floors each and 1012 units across 50 acres. The project is well-connected via the Western Express Highway and Vasai Railway Station, and will be in close proximity to the upcoming Coastal Road and Mumbai-Delhi Highway.
Margin and Balance Sheet Targets
The company reported a net debt-to-equity ratio of 0.06x, reflecting a conservative balance sheet position. This low leverage was achieved while maintaining presales growth of 25% year-on-year.
The announced pipeline and margin targets reflect management's confidence in both market demand for premium residential product and the company's execution capabilities. The FY27 launches are positioned to drive sustained revenue and presales momentum, contingent on execution timelines and market absorption across the geographically diverse development zones.