Sunteck Realty Ltd is making its international foray through its new ultra-luxury housing vertical Emaance, launching two projects in Mumbai and Dubai. These high-rise developments cater to the top end of the market, with apartment prices starting at ₹100 crore and going up to ₹500 crore per unit.
These will be Sunteck’s first overseas projects. The Mumbai development will be located on Nepeansea Road, while the Dubai project is planned in Dubai Downtown, near the Burj Khalifa community.
Together, the two projects target a gross development value (GDV) of around ₹20,000 crore by June next year. Residences are expected to command rates of over ₹2.5 lakh per sq ft, aligning them with some of the most exclusive housing offerings in India.
Sunteck’s ambitious move reflects growing appetite among ultra-high-net-worth individuals for exclusive residences. The Emaance brand, described as “by-invite only,” aims to combine luxury and exclusivity, positioning these homes as both status symbols and investment assets.
At present, Sunteck’s development portfolio spans over 52.5 million sq ft across 32 projects. The company recently reported a 47% rise in consolidated net profit to ₹33.43 crore during the first quarter. However, its total income for that period dipped to ₹201.53 crore from ₹328.01 crore in the previous year.
While this step into the ultra-luxury segment represents a bold shift, its success will depend on demand consistency and market response. The launch marks a test for Sunteck’s ability to execute high-stakes global projects and capitalize on an evolving real estate landscape.
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