Sunteck Realty Expands in Dubai with Two New Acquisitions

Sunteck Realty, one of India’s leading real estate developers, has strengthened its presence in the Dubai real estate market through its subsidiary, Sunteck Lifestyles.

The company announced the acquisition of controlling interests in two Dubai-based entities — GGICO Sunteck Limited and Sunteck Mas Real Estate Development LLC — marking a significant step in its international expansion strategy.

These acquisitions, finalized through supplemental and project development agreements on October 27 and 28, respectively, grant Sunteck Lifestyles operational control over both companies.

Key Highlights

• Sunteck Realty acquires two Dubai-based subsidiaries for expansion
• Gains controlling interests to lead project development and execution
• Strengthens global footprint with diversification into UAE real estate

Specifically, it now holds the right to appoint the majority of directors on GGICO Sunteck’s board and majority members on the project execution committee at Sunteck Mas. As a result, both entities have become subsidiaries of Sunteck Lifestyles, and consequently of Sunteck Realty.

The move reinforces Sunteck Realty’s ambition to diversify its portfolio and establish a stronger foothold in international markets, particularly Dubai’s luxury and mixed-use development segments.

It is also expected to enhance revenue diversification and long-term growth potential, given Dubai’s booming property sector and investor-friendly environment.

Also Read: Sunteck Realty to Develop Rs 1,200 Cr Luxury Project on Mira Road

On the market front, Sunteck Realty’s stock closed 1.20 percent higher at Rs. 445, gaining 7.20 percent in the past month, though it remains down 12.40 percent year-to-date. Analysts view these acquisitions as a forward-looking step to strengthen Sunteck’s global brand positioning and operational reach.