Annual Reports

Sunteck Realty Limited's annual reports contain management's most considered account of the business. These are the sections, passages and visual pages worth opening in the originals preserved in Sources.

Sunteck Realty Limited — FY2025 Annual Report — FY2025

The latest full account of Sunteck’s luxury-led portfolio, operating model, FY2025 performance and project-level risks. · Open the full document →

About Us — p. 40 · Read the full section →

Defines the portfolio’s scale, city focus and five luxury price tiers in two short paragraphs.

Portfolio scale and positioning across luxury tiers.

Sunteck focusses on a city-centric development portfolio of over 50 million sq. ft. spread across 32 projects.

Sunteck’s presence across the spectrum is differentiated by Uber Luxury, Ultra Luxury, Premium Luxury, Marquee Luxury & Aspirational Luxury segments.

p. 40 · Read in context →

CMD’s Message — p. 42 · Read the full section →

Connects FY2025’s record presales to MMR concentration, Dubai expansion and the rental-income base.

The geographic and product-market engines behind management’s growth plan.

A key tenet of Sunteck’s strategic approach is concentrated market presence. Our focused strategy — built around deep penetration of the Mumbai Metropolitan Region (MMR) — continues to deliver substantial measurable advantage. From ultra-luxury developments in BKC, South Mumbai, and Bandra, to premium luxury projects in growth corridors like Oshiwara District Centre – Goregaon West, Mira Road & Vasai West and aspirational luxury projects in Naigaon and Kalyan, our portfolio caters to a wide spectrum of customer demand. FY2025 marked a transformative year for Sunteck Realty, with the strategic activation of our Dubai, project investment in the prestigious Dubai Downtown, Burj Khalifa community near Dubai Mall. This complemented by our marquee upcoming projects in Nepean Sea Road, South Mumbai positions us with powerful growth engines driving sustained value creation as well as geographical diversification in the uber-luxury segment.

p. 43 · Read in context →

Long leases at two commercial properties supply a recurring-income counterweight.

We have strengthened our annuity income portfolio through two premium commercial properties — Sunteck Icon and Sunteck BKC51. This portfolio contributes approximately \`70 crores in annual rental income, consistently enhancing our revenue stream and reinforcing our leadership in the commercial real estate segment. The steady annuity income provides stable cash flows, supports long-term financial stability, and creates a robust foundation for future growth in our investment portfolio.

p. 43 · Read in context →

Sunteck Footprint — p. 46 · Read the full section →

Maps completed, ongoing and upcoming projects across MMR more clearly than the surrounding project profiles.

Business Overview — p. 175 · Read the full section →

The clearest explanation of project sourcing, margin hurdles, in-house construction and balance-sheet discipline.

How Sunteck sources projects and controls margin, construction quality and execution.

Sunteck Realty remains steadfast in its commitment to best product delivery which continue to be at the core of its business philosophy. Over the past years, the company has strategically shifted its portfolio towards the ultrapremium Uber Luxury segment, reflecting its aspiration to establish a leadership position in the luxury real estate market. Its business development strategy is diversified and flexible, encompassing redevelopment projects, strategic land acquisitions, and combination of an asset-light model. However, every opportunity is carefully evaluated against stringent margin thresholds to ensure financial discipline. The company applies segment-specific risk-return priorities to maintain profitability across all categories. Construction for Sunteck Realty’s projects is predominantly managed inhouse, enabling the company to exercise rigorous oversight and maintain stringent quality standards throughout the building process. By leveraging its internal construction teams, Sunteck ensures close coordination across all phases of quality control resulting in superior craftsmanship and timely delivery. This hands-on approach not only allows for greater control over cost efficiencies and timelines but also helps uphold the brand’s commitment to excellence and customer satisfaction. The in-house model fosters seamless communication among project managers, engineers, and quality inspectors, minimizing risks associated with third-party contractors and ensuring that every detail aligns with the company’s exacting standards.

p. 175 · Read in context →

The commercial portfolio’s tenant concentration, lease length and escalation structure.

Your company has forayed into commercial portfolio which currently comprises of two high-quality assets, marking its strategic positioning into annuity income streams. Both properties – Sunteck BKC51 and Sunteck Icon are leased to single tenants on long-term contracts spanning 29 years, ensuring full occupancy and stable, predictable cash flows. The leases include built-in escalation clauses, guaranteeing rental increases each year and enhancing income growth over time. This focused approach delivers very high returns on capital employed, reinforcing Sunteck’s commitment to building a robust and resilient commercial asset base that complements its residential business while providing consistent, long-term financial stability.

p. 175 · Read in context →

Consolidated Financial Performance — p. 180 · Read the full section →

Pairs management’s FY2025 summary with the year-on-year P&L and ratios that show where performance changed.

Management’s compact summary of revenue, profit, net worth and leverage.

Your Company recorded Income from operations of \85,313.40 Lakh in 2024-25. PAT stood at \\ 15,031.61 Lakh in 2024-25. As part of the Company’s endeavour to reward shareholders, the Board has recommended a final dividend @150% of \1.5 per equity share having face value of Re. 1 each to the Shareholders of the Company. The Company’s proposed dividend payout in FY 2024-25 shall be approx. \\ 21.97 Crore on the total equity base. As on 31st March, 2025, the Net Worth of the Company stood at \` 3,260 Crore. Net Debt to equity ratio stood at -0.04x in FY 2024-25. Our prudent corporate finance practices also ensured efficient finance costs during the year

p. 180 · Read in context →

Revenue recognition for real estate development contracts — p. 292 · Read the full section →

Shows why completion timing, project-cost estimates and JDA fair values can materially move reported revenue.

Assessing the recoverability of carrying value of Inventories — p. 293 · Read the full section →

Tests the assumptions supporting ₹6,194.6 crore of finished property, land rights and work in progress.

Impairment assessment of investments in and loans given to its joint ventures — p. 294 · Read the full section →

Isolates the delayed Dubai project and disputed CIDCO premium within ₹278.6 crore of JV exposure.

The Dubai JV dispute, settlement framework and remaining impairment judgment.

The Group’s non-current investments and non-current loans amounting to \15,835.67 lakhs and \\ 4,519.59 lakhs respectively, as at 31^st March, 2025 recoverable from GGICO Sunteck Limited (GGICO), a joint venture Company. The GGICO has an ongoing project for development of real-estate property in Dubai. Development of the project by GGICO has been delayed on account of certain disputes between the JV partners. Both the JV partners have initiated arbitration against each other before London Court of International Arbitration (LCIA) alleging non-compliance of certain conditions of the Joint Venture Agreement (JVA). The parties has arrived at an amicable settlement with respect to ongoing disputes and entered into a framework agreement on 26^th March, 2024 as further explained in Note 57 to the consolidated financial statements.

p. 295 · Read in context →

Note on Ind AS 115 Revenue from contracts with customers — p. 380 · Read the full section →

Explains revenue timing, customer advances and the contracted sales still waiting to enter reported revenue.

Segment reporting — p. 392 · Read the full section →

Clarifies that management treats development and related activities as one segment despite varied products.

The single-segment judgment and disclosed customer concentration.

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker (CODM).

The Holding Company’s Chairman and Managing Director (CMD) is identified as the CODM as defined by Ind AS 108, Operating Segments. The CODM evaluates the Group’s performance and allocates resources based on an analysis of various performance indicators, however the Group is primarily engaged in only one segment viz., ‘Real Estate/Real Estate Development and Related Activities’ and that most of the operations are in India. Hence, the Group does not have any separate reportable Segments as per Indian Accounting Standard 108 “Operating Segments”.

## b) Entity wide disclosures

For the year ended 31^st March, 2025 one (1) [31^st March, 2024: One (1) ] customer individually accounted for more than 10% of the total revenue of the Group.

p. 392 · Read in context →

More annual reports

Sunteck Realty Limited — FY2024 Annual Report — FY2024 · 387 pages · The nearest baseline for comparing portfolio additions, presales and revenue recognition before FY2025’s Dubai activation. · Open →

Sunteck Realty Limited — FY2023 Annual Report — FY2023 · 345 pages · A pre-FY2025 view of the MMR-led portfolio and the early scale-up in premium and aspirational housing. · Open →

Sunteck Realty Limited — FY2022 Annual Report — FY2022 · 317 pages · Shows the portfolio and balance sheet as the post-pandemic housing recovery began to feed project expansion. · Open →

Sunteck Realty Limited — FY2021 Annual Report — FY2021 · 314 pages · The oldest available shelf edition, useful for tracing the starting portfolio and pandemic-era operating context. · Open →