Mr. Kamal Khetan is a known name in the real estate industry of India. As the Founder, Chairman and Managing Director of Sunteck Realty Ltd. he has transformed the luxury real estate scene of Mumbai to a great extent.
Kamal Khetan’s Life and Achievements in Real Estate Sector
Originally from Mumbai, Mr. Khetan studied engineering from Mangalore University. After getting a degree in Electronics and Communication, he joined his family’s construction business. One thing led to the other and he started his own real estate development company named Sunteck Realty Ltd. in 2000. This Mumbai-based firm was started to cater to the luxury and ultra-luxury housing sector in the city.
With Mr. Kamal Khetan’s vision and expertise, Sunteck has created a varied portfolio under its belt. He has been associated with various bodies related to the property sector such as the ‘Young Presidents’ Organization and Member of Royal Institute of Chartered Surveyors (MRICS). He is also a member of the Asian Public Real Estate Association (APREA) on the Council of Governor’s Board.
In order to target multinational firms, Mr. Khetan opened a business centre at the Bandra Kurla Complex in Mumbai. This centre went on to become the new financial epicentre in Mumbai. His company reached new heights under his leadership and his residential and commercial projects enjoyed a distinguished set of clients and customers.
Mr. Kamal Khetan’s name was featured twice in Forbes India Rich List which is a globally-read business magazine. His dynamic personality and knack for finance and management has been an inspiration for many. With the help of a talented team, his company Sunteck Realty became one of the top 10 listed real estate companies in the country, providing a unique residential experience to the customers.
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.
Owning your own home may be the ultimate dream, but for many of us renting a flat or apartment may be the perfect and most doable short term solution. When looking for an apartment to rent big cities offer a plethora of options to choose from small as well as big time real estate companies like Kamal Khetan’s Sunteck Realty. Lakhs of young urban professionals, students and young families look for rented accommodation every year and while many searches result in the most fruitful results, you do hear of horror stories as well.
In order to make sure that your renting journey is a pleasant one, there are a few precautions you must take as a tenant. Here are a few steps you would be wise to not give a skip to -
Research the area: Although renting a flat may seem like a short term option (depending on the tenure of the lease agreement) it is still somewhere you will be living for a considerable amount of time. Don’t just take an agent’s word regarding the pros and cons of the locality the house is based in. Do a check of your own, preferably on foot to get a better look and get a feel of the place. It is a good way to gauge the safety and security of the neighborhood in question as well as get an idea of the amenities and public transport options the area will afford you.
Read the fine print: Don’t just sign a lease agreement without combing through it with a fine comb. Check to see what all your deposit and rent payments cover. Whether bills, damages and repairs and included and also what the restrictions are. Never sign or agree to something you are not comfortable with and know what your rights and responsibilities, as a tenant will be, as well as what the landlord is responsible for.
Keep detailed records: If you are planning to rent an apartment that comes with furniture, kitchen goods and the like, make sure that you do a thorough check of what all is included and what state they are in. Keep records and preferably list them with the landlord and a witness, so that there is no hassle about it later. If there are damages, breakage or stains ensure that it is all noted down. Also if you are replacing or repairing anything in the house during your stay, keep detailed records, pictures and bills of those as well.
Talk to experts and reliable real estate agents who will show you a whole host of properties like Kamal Khetan’s Sunteck and give you all the information you may need.
Selling your home can be an exciting prospect as you try to find the right people to own what once was your dream abode. While you may have found the perfect place to call home, you need to ensure that you sell your current home and give it into right hands. The first thing that you may think of is hiring a good real estate agent. However, you must opt for the quality of the services provided by him instead of the price being charged. Kamal Khetan is involved in creating breathtaking real estate masterpieces and would never settle for the second best when it comes to selecting a real estate agent. Essentially, experience makes an immense difference. However, going solely by an agent’s years of experience may not always work to your benefit. You may also have to take note of the quality of his work by measuring his years of experience with the sales he has had thus far.
Although you own the home, you are not entitled to set a price for your home that you fancy. You need to essentially take into consideration several market conditions and the existing price range before you set the price. Usually, the potential buyers do their homework and are well aware of the existing price range for buying homes. Therefore, if you quote a price that is way beyond the existing price range, your potential buyers may look elsewhere. Kamal Khetan encourages real estate development wherein the prices remain transparent. What you see is what you get.
You may not realize it but presentation matters. You cannot expect your potential buyers to walk into a home that has stained, grimy walls and broken tiles and chipped paint and expect them to fall in love with the home and buy it in the blink of an eye. It never works that way and therefore, before you even contemplate selling your home, you must consider getting your home neat and tidy and ensure that it looks presentable and alluring.
Ensure that your potential buyer is capable to pay off home loans. Generally, buyers may act like the ideal choice but may lack the necessary resources. In such cases, you may lose out on better deals from other, more competent buyers. Therefore, it is important to do background checks on your potential buyers and ask them to furnish you with the necessary documents to prove their eligibility.