Sunteck Realty Strengthens Andheri East Foothold: Key Highlights
- Prime Andheri East Acquisition: Sunteck Realty acquired a 2-acre greenfield land parcel near Mumbai International Airport, one of the city’s most competitive real estate micro-markets.
- High-Value Development: The proposed project carries an estimated gross development value (GDV) of ₹2,500 crore, underscoring its scale and strategic importance.
- Complexity-Driven Deal: The land was unlocked after over a decade of litigation, with Sunteck resolving multi-stakeholder issues through 18 months of sustained engagement.
- Strong Location Fundamentals: The site offers excellent connectivity—Andheri–Kurla Road, Sahar Road, Western Express Highway, metro access, and proximity to offices, hotels, and residential hubs.
- Portfolio & Strategy Fit: Marks Sunteck’s third strategic acquisition this financial year, reinforcing its focus on selective, value-accretive projects in high-demand Mumbai corridors.
Sunteck Realty Limited has expanded its presence in one of the most competitive real estate micro-markets in Mumbai through its acquisition of a two-acre greenfield land parcel in Andheri East. This acquisition has a gross development value of approximately ₹2,500 crores, which not only clears any doubts about its significance but also its size.
The plot of land was situated in the vicinity of the Mumbai International Airport and had been locked in litigation for more than a decade. According to an announcement made by Sunteck Realty, the takeover was achieved after almost 18 months of relentless efforts to resolve all the issues associated with the ownership of the plot.
Being situated on Andheri-Kurla Road, it can readily benefit from a well-developed mixed-use community, hence supporting various projects such as residential and commercial ones. In fact, it has always been widely recognized as one of the finest commercial and residential hubs within Mumbai. This is because it has been enjoying the benefits of a developed infrastructure coupled with strong demands, whether it is for consumption or investment purposes.
Critical location factors are:
- Less than 400 meters from Andheri-Kurla Rd.
- Approximately 250 m from Sahar Road
- Direct connectivity to Western Express Highway
- Presence in close proximity to upmarket hotels, business hubs, and residential zones
As reported in the company, this acquisition aligns with its strategy of developing scale in high demand route corridors and adhering to disciplined capital allocation. Also, Andheri East is experiencing sparse supply in large land parcels not associated with any litigations, making it an extraordinary chance. It is expected that the development will benefit from good connectivity to the metro system and airport connectivity, which always drives real estate absorption on a micro-market level. Moreover, commercial, hospitality, and residential segments lie together in the same micro-market.
Commenting on the acquisition, Kamal Khetan, Chairman and Managing Director, Sunteck Realty Limited, said, “At Sunteck, we are highly selective about where and how we deploy capital. This acquisition reflects our ability to identify high-potential opportunities and execute complex transactions involving multiple stakeholders, enabling us to create exponential value for the company and its stakeholders. In a high-demand location like Andheri East, where quality, branded supply remains limited, this site presents a strong opportunity to deliver a differentiated, value-accretive development.”
Why Andheri East is attractive to buyers and investors:
- Good connectivity: Metro railway network, Eastern & Western Express highways, and close to Mumbai International Airport.
- Reasonable property rates: About 30%[ as per Square Yard] less than Andheri West, which makes it a good destination for mid and upper segments.
- Commercial & corporate presence: There are many corporate offices and IT parks in Powai, Andheri, and Chandivali.
- Luxury residential choices: Oberoi Realty, Omkar, Sheth Builders, Kanakia Spaces, Rustomjee, HDIL, Nahar Group, Hubtown, Lodha Group, Kalpataru, along with other luxury developments like Omkar Lawn & Beyond.
- Variety of housing: Apartments ranging from budget-friendly to luxurious are available.
- Andheri East lacks nothing – connectivity, amenities, and location – and is one among many promising micro markets in Mumbai for residential real estate.
According to the JLL Mumbai Real Estate Market Report 2025–2026, the Andheri micro-market in Mumbai holds significant potential as a premier, high-liquidity location, driven by robust connectivity, redevelopment, and strong demand across commercial, retail, and residential segments.
On the commercial front, the area around Andheri–Kurla Road is almost a permanent feature among the most active submarkets of Mumbai, accounting for 15% of total office leasing in Q4-25, with Grade A office space in good demand and new developments and investments by developers like House of Hiranandani and Kanakia Group. The vicinity, including Powai and Andheri East, serves as one of the largest IT/ITeS hubs, attracting technology firms for satellite offices and R&D centers, creating an ecosystem of "Live-Work-Learn".
On the residential front, Andheri West is one of Mumbai's most liquid markets, with high rental absorption, strong resale value, and prices estimated at around ₹36,000/sq. ft. in 2025, yielding approximately 2.8%. The area is reaping a redevelopment boom, with older societies being modernized, and the area witnesses a huge demand for premium 2–3 BHK apartments with excellent connectivity due to metro, rail, and the Western Express Highway.
This is the third strategic acquisition that Sunteck Realty has made in its development business in the ongoing financial year. The company has already made another acquisition in a land property in Mira Road and has also acquired development rights for a housing society in Andheri East.
Sunteck Realty’s broader portfolio highlights:
- Approx. 52.5 million sq ft of development potential
- Presence across 32 projects
- Focus on premium residential and mixed-use developments
- Strong concentration within Mumbai’s established corridors
Industry analysts state that acquisition deals for distressed assets, especially ones that have pending litigation, are turning up as one of the main sources for developers who possess strong balance sheets and the ability for execution. This will, apart from ushering in scale, revive the said land, thus making the market more favorable for realty in Mumbai.
This acquisition marks yet another move by Sunteck Realty to maintain a consistent positioning in a selective yet opportunistic market. This time, Sunteck Realty has chosen to focus on value creation via complex acquisitions.
