Sunteck Realty assembles 11.5-acre Borivali West site for uber-luxury project
Published
Sunteck Realty has added a 4.5-acre parcel in Borivali West, Mumbai, to its existing 7-acre holding, bringing the assembled landholding to 11.5 acres. The land was bought outright through a wholly owned subsidiary during the second quarter of FY27, July to September 2026, and the transaction was disclosed to the exchanges on 5 October 2026 as a non-related party deal.
Management plans to develop the two adjoining parcels as one uber-luxury project rather than launch the new land separately. The estimated gross development value of the combined development is Rs 8,000 crore, a figure that accounts for roughly 17% of the group's total GDV of Rs 46,900 crore. Before the acquisition, the original 7-acre holding was carried at about Rs 3,000 crore GDV, which management has described as the crown of its uber-luxury portfolio.
The details
The planned product is a mix of 2, 3 and 4 BHK luxury apartments, as indicated in developer-branded listings. The company has not yet launched the project or opened bookings, and pricing has not been released. Management has said it intends to launch with RERA registration before the end of FY27, which means by March 2027, and the larger site is expected to allow better planning and a stronger product in the micro market.
The site already has a resort and club operating on the land, and listings describe a range of planned residential amenities, including a rooftop swimming pool, a banquet hall, an indoor game zone, a gym, a mini theatre, indoor and outdoor games areas, gardens, car-free zones for children, a dedicated pet area and a doctor and ambulance parking space.
The location
The parcel sits alongside New Link Road in Borivali West, one of the western suburbs of Mumbai. Western Express Highway, S V Road and Link Road connect the area to the island city, Malad and Goregaon. Borivali railway station is roughly 10 minutes away by road along Link Road, and Borivali West metro station on Line 2A, which opened on 2 April 2022, sits about 1.2 km from the railway station. The full 18.6 km Line 2A corridor, with 17 stations between Dahisar East and DN Nagar, was inaugurated on 19 January 2023. Major employment hubs are within easy reach, with Mindspace roughly 5 to 10 minutes away and SEEPZ about 15 to 20 minutes away via Western Express Highway. Sanjay Gandhi National Park lies nearby.
Several infrastructure projects are shaping the corridor. The 11.8 km Thane-Borivali twin tunnel, estimated at about Rs 18,000 crore, is targeted for 2028. Heavy construction on the northern stretch of Coastal Road Phase 2 toward Dahisar and Bhayander is under way, and Metro Line 2B from DN Nagar toward Mandale is being built. BMC has also proposed a 5.5 km greenfield expressway linking Goregaon East and Borivali East. Local apartment rates were reported at Rs 23,000 to Rs 31,000 per sq ft as of 22 August 2026, and rents range from Rs 25,000 to Rs 35,000 a month for 1 BHK homes to Rs 55,000 to Rs 65,000 for 3 BHK homes.
The developer
Sunteck Realty was founded in 2000 by Kamal Khetan and is listed on the BSE. The company has built one of the larger developer footprints in the western suburbs of the Mumbai Metropolitan Region, from Bandra to Virar, and has since expanded into the eastern suburbs. Its portfolio spans about 50 million sq ft across 32 projects, and it has delivered 17 residential and commercial projects worth about Rs 9,000 crore. Its ready-to-move Sunteck Signia High project in Borivali East has been complete since September 2020, and Sunteck World in Naigaon has seen more than 5,000 units sold.
What comes next
The immediate steps are the demolition of the third and fourth buildings on the consolidated site, followed by the RERA registration and launch that management has targeted before the end of FY27. Analysts at Motilal Oswal reiterated a Buy rating on the stock on 27 October 2026, citing the new Borivali West development in the FY27 pipeline. Buyers and observers will look for the project's configurations, pricing and launch timetable once the company announces them, and the full Borivali West site will be tracked as one of the larger uber-luxury plans in the company's portfolio.