Kamal Khetan’s Sunteck developments have always been in news for innovation and quality. This Mumbai-based real estate development company mainly caters to the ultra-luxury and luxury residential segment, touting a development portfolio of around 25 million square feet, spread across 24 projects and 4 rented assets.
Known for strong project execution skills, Mr. Kamal Khetan has taken Sunteck Realty to new heights. Since its inception in 2000, the company went on to become one of the top 10 listed real estate companies in India. The company has also won various awards and accolades for constructing real estate marvels in and around Mumbai city. It enjoys a list of prestigious clients who own ultra luxury homes in the city.
Reportedly, Kamal Khetan’s company is expecting sales revenue of 1000 Crore INR in the next two and a half years with the launch of four new projects in Mumbai. These projects will be located in Navi Mumbai, Bandra Kurla Complex, Andheri and Borivali.
According to Mr. Kamal Khetan, combining all the proposed projects, development of around 1 million square feet will be translating into 1000 Crore revenue in the coming years. He also said that these launches can be considered an extension of Sunteck’s strategy to provide premium residential units in the micro markets of the city.
If you have been thinking of buying a property in Mumbai, there are several ongoing residential projects by Sunteck in which you might end up finding your dream home. Some of the ongoing projects are Sunteck Signia High located in Kandivali East, Sunteck City Avenue-2 in Goregaon West, Sunteck Signia Isles in Bandra East and Sunteck Signia Pearl in Bandra West.
Mr. Kamal Khetan’s Sunteck Realty Ltd. believes in creating opulent homes that are perfect for buyers who wish to settle for nothing less than the best.
Journey of Kamal Khetan into the real estate industry has been quite inspiring. He started his company Sunteck Realty Ltd. in 2000 with limited capital and went on to make it one of the top 10 listed realty companies in India. Under his leadership, Sunteck Realty Ltd. transformed the luxury property scene in Mumbai.
Foray into Real Estate Development
In 2009, Kamal Khetan was ranked as 91st richest man in India by Forbes, a globally-read business magazine. He founded his company in 2000 but forayed into real estate development in 2005 with a joint venture on a commercial property in Mumbai. This property was located in the suburbs of Vile Parle. Since then there has been no looking back. Today, residential as well as commercial projects by Sunteck enjoy a list of prestigious clients including industrialists and celebrities. In the commercial property sector, Mr. Kamal Khetan’s company has developed various world-class office buildings and commercial complexes, serving the needs of blue chip Indian as well as international companies.
The financial performance of Mr. Kamal Khetan’s company has been strong and consistent. It also enjoys a strong investor interest. Sunteck did total sales of 3000 Crore INR between 2008 and 2013 compared to the 100 Crore sale in 2007. These numbers have been achieved by the company without much leveraging of its balance sheet. Compared to other real estate development companies that continue to grapple with heavy debt and low sales, Sunteck has always managed to attract investors.
The company has created shareholder value and recorded exponential growth through strategic partnerships and acquisitions. Some of the most outstanding accomplishments of Sunteck have been possible due to Kamal Khetan’s expertise and knowledge of the real estate sector. He has always acted as the visionary entrepreneur, taking the company to new heights.