At Sunteck, we have always believed in sticking to the path with a clear goal-post even
though there have been a lot of road-blocks and pot-holes in the form of unstable economy
and approval uncertainty. Our philosophy to grow by adopting a balanced operational
strategy comprising of periodic city centric acquisitions within Mumbai, execution and
prudent reinvestments with clear focus on `cash flow management` have resulted in adding
value for all our stakeholders.
Presently, while negativity looms over the sector on account of the weak global
outlook, in the long term Indian real estate will witness sustainable demand due to more
evolved population, rapid urbanization, favorable demographics, increased buying power, a
shift towards nuclear families and a growing service sector.
We, at Sunteck Realty, believe that at this point of time there are several growth
oriented opportunities that could be explored judiciously and capitalized by leveraging
the aura of the brand `Sunteck` - your company enjoys in the premium segment. This
aspiration to expand will set another milestone for the company in the years to follow.
Our current development portfolio of over 28 mn.sq.ft. spread over 25 projects and 4
rented assets itself speaks about the growth we have been able to achieve within a short
span of 6-7 years (post 2008 crisis). Since inception, we have been able to achieve
cumulative sales of approximately INR 2,656 crore and collections of approximately INR
While strong fundamentals and maintaining negligible debt levels have been the
cornerstone of our success, we wish to go full throttle on our execution. With this in
mind, we have recruited several industry experts and roped in the best contractors,
architects and Interior designers for our various ongoing projects. We are confident that
with these improvements, the company will be able to set higher benchmarks and scale
greater heights in the years to come.
The talent acquisition policy of your company has laid emphasis on acquiring and honing
talent at all levels within the organization. To abet our execution strategy your company
is proud to have the industry`s best talent on board that are working relentlessly to
ensure timely execution. These acquisitions are across varied levels within the hierarchy
of the organization. The experience pool of the talent together with strategic initiatives
undertaken like the appointment of L& T as our contractors for Sunteck City-Avenue 1
are a step in the direction of achieving operational excellence.
With our 4 projects getting completed in FY2013-14, Our flagship residential project
`Signature Island` located in Bandra Kurla Complex being one of them, we are seeking best
possible ways to reward all our stakeholders with the objective to create long term value
I am pleased to inform that your company has won two awards during the year for its
excellence in real estate space namely,
3 Merit Awards in "APREA (Asia Pacific Real Estate Association Limited)
Best Practices Awards 2012" held in Singapore:
- Emerging Markets: Best Country Submission - India (across 9 regions of Asia-Pacific)
- Emerging Markets: Best 1st Year Entrant
- Emerging Markets: Property Valuation
Sunteck`s flagship project i.e. Signature Island won Project of the year award
at the 27th National Real Estate Awards from "Accommodation Times" held in
I would like to thank our Board Members and the management team whose continuous
support and guidance has helped us to achieve the growth where we are right now and expect
similar efforts in the coming years to set more milestones in the times to come.
Lastly, I would also like to thank our shareholders, customers, business associates and
employees whose continuous efforts have helped the company in achieving this growth. As
you are aware, we have always grown despite the tough times and we will strive even hard
to capitalize and seize every opportunity that unfolds in the ensuing years to grow and
take the company from this level to even greater heights.
Chairman & Managing Director