Real Estate Transactions
Sunteck Realty buys 3 acres in Dubai, plot in SOBO to develop ultra-luxury homes
Mumbai-based Sunteck Realty has acquired a nearly 3-acre plot in Dubai Downtown, located within the Burj Khalifa district, to develop a residential project. This is the company's first international venture and is part of its newly launched Emmance vertical focused on ultra-luxury housing. The Dubai project is one of two developments planned under this vertical.Sunteck Realty has also secured a prime sea-facing plot on Nepean Sea Road in South Mumbai.The company plans to develop both locations under the Emmance brand, which will operate as a by-invite-only platform. The residences are expected to be priced above INR 2.5 lakh per square foot.The combined development potential of the Dubai and South Mumbai projects is approximately 1.8 million square feet. Sunteck Realty has outlined a total investment of around INR 20,000 crore for its Emmance vertical over the next 12 months.
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