Redevelopment — Appointment
Sunteck Realty Appointed for ₹1,100 Crore Andheri East Redevelopment—2.5 Acres, 2.75 Lakh Sq Ft Free Sale
Sunteck Realty has been appointed as the preferred developer for the redevelopment of a 2.5-acre residential housing society in Mumbai's Andheri East, near the Western Express Highway. The project carries an estimated gross development value of ₹1,100 crore with 2.75 lakh square feet of free-sale residential area.
| Developer | Sunteck Realty Limited (through subsidiary Sunteck Lifespace Private Limited) |
|---|---|
| Land Area | 2.5 acres (10,290 square metres) |
| Free Sale Area | 2.75 lakh square feet |
| Project GDV | ₹1,100 crore |
| Status | Upcoming — appointed May 2025, construction commencement timeline not yet disclosed |
| Apartment Configurations | 2 BHK and 3 BHK units |
| Expected Possession Timeline | 3-4 years from construction commencement |
| RERA Registration | Not yet filed as of September 2026 |
| Execution Entity | Sunteck Lifespace Private Limited (wholly-owned subsidiary) |
| Funding | Internal accruals; Sunteck Realty had net cash surplus of ₹125 crore as of FY25 |
Project Overview
Sunteck Realty has been appointed as developer for the redevelopment of a housing society in Mumbai's Andheri (East), with a gross development value of ₹1,100 crore. The land measures approximately 2.5 acres (10,290 square metres) and is located near the Western Express Highway. The project is expected to generate a free sale area of approximately 2.75 lakh square feet. It will be executed through Sunteck's wholly owned subsidiary.
Product Type & Configuration
Sunteck Realty is introducing its upcoming luxury residential project in Andheri East, offering 2 BHK and 3 BHK residences. Pricing and exact unit counts have not been publicly disclosed as of September 2026. The project remains in pre-launch stage.
Timeline & Possession
The project is expected to be completed within three to four years from the commencement of construction to the handover date by the society. As of September 2026, the construction commencement date has not been announced. RERA filing is pending.
Andheri East—Location & Infrastructure Context
The project is located near the Western Express Highway in Andheri East. The airport is just 3 km away, making it one of Mumbai's most practical daily-use addresses. Mumbai Metro Line 3 (Aqua Line) became fully operational in October 2025 with 27 stations, including MIDC and SEEPZ stations in Andheri East. The locality is served by a station on Line 1 (Versova-Andheri-Ghatkopar) of the Mumbai Metro, and the operation of Line 3 (Colaba-Bandra-SEEPZ) will massively benefit Andheri East with two more stations in the area, namely MIDC and SEEPZ. Andheri East is home to the Santa Cruz Special Economic Zone (SEEPZ), Chakala Industrial Area and Marol Industrial Estate, which are part of the Maharashtra Industrial Development Corporation (MIDC), and other commercial hubs.
In 2025, the micro market recorded 1,058 new sale transactions with a gross sales value of ₹1,714 crore. As of the fourth quarter of 2025, the average property rate in the area stood at Rs 32,736 per square foot.
Developer Profile
Sunteck Realty Limited is one of India's leading luxury real estate developers, known for its financial prudence, low leverage, and sustainable growth. The company boasts a city-centric development portfolio of approximately 52.5 million square feet across 32 projects. The entire development will be funded through internal accruals of Sunteck Realty. As of FY25, the company's net debt-to-equity ratio stood at -0.04x, with a net cash surplus of ₹125 crore.
Free Sale Area & Redevelopment Model
Free sale area, in the context of a redevelopment project, refers to the portion of the project that remains after rehousing existing tenants and that a developer is allowed to sell in the open market. The 2.75 lakh sq ft free-sale component represents the marketable residential inventory available for open-market sales following the rehabilitation of existing tenants in the housing society.
Frequently asked questions
What is the project status as of September 2026?
The project remains in upcoming/pre-launch status. Sunteck was appointed as the preferred developer in May 2025. RERA filing and construction commencement dates have not yet been announced.
How many apartments will be delivered in this project?
Exact unit count has not been disclosed. The project has 2.75 lakh square feet of free-sale area across 2 BHK and 3 BHK configurations. The remaining area is reserved for rehabilitation of existing tenants.
When can possession be expected?
Possession is expected 3–4 years from the commencement of construction. Since construction start date is not yet announced, a specific possession year cannot be determined. Likely possession window is 2028–2030, subject to construction commencement timing.
What infrastructure benefits does Andheri East offer?
Andheri East has three metro stations operational or under access: Andheri on Line 1 (Blue Line), MIDC and SEEPZ on Line 3 (Aqua Line, fully operational October 2025). The airport is 3 km away. SEEPZ, MIDC and Marol IT parks are major employment hubs. Western Express Highway and Andheri-Kurla Road provide arterial road access.
Will this project be RERA-registered?
Yes. RERA registration is pending. Sunteck's subsidiary Sunteck Lifespace Private Limited will be the promoter on the MahaRERA filing.
Who are the existing residents being rehabilitated?
The housing society members will be rehoused within the new development. The exact rehabilitation terms and timeline are typically agreed between the society and developer but have not been publicly disclosed for this project.