Sunteck Realty Nears RERA Approval for Mumbai Luxury Project

Sunteck Realty provided the latest developments on its international and domestic projects highlighting two specific representations of their pipeline for 2023: Nepean Sea Road in Mumbai as well as Dubai.

The expected timeframe for receiving approval from the Real Estate Regulatory Authority (RERA) on the Nepean Sea Road Project is the end of the fourth quarter of fiscal year 2026 or early in the first quarter of fiscal year 2027.

Key Highlights

• Sunteck awaits RERA approval for Nepean Sea Road.
• Dubai project launch set soon after final preparations.
• Focus on luxury Mumbai homes and global expansion.

The company has sold several properties by way of sale and lease agreements, which Evans described as "a tremendous vote of confidence" in the luxury residential market and overall demand for properties in this neighbourhood.

Internationally, the company is currently working on finishing construction on its first Dubai Project, which will take place in an area well-suited for such a venture.

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The company has completed all initial set-up and design work, and both the company and local authorities have confirmed the completion of final preparations for a Dubai launch in the near future, which represents one of several milestones established to promote the company's global growth plans through development of luxury hotels/resorts and commercial developments in select countries.

This project, along with its new projects being developed in Mumbai, reflects Sunteck Realty's strategy to expand its portfolio of high-end residential properties in both global and domestic markets through a balanced approach, which allows Sunteck to continue expanding its presence in premium/affluent countries.