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Residential Development by Sunteck in BKC, Mumbai

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Key Facts

Enterprise level:
Starlight Systems Pvt. Ltd

Under-development residential project called “Signia Isles” in Central Mumbai (Western India)

Fund: Kotak Alternate Opportunities (India) Fund and Kotak India Realty Fund

Year of investment: 2009

Project Description

  • The land was obtained through auction by Mumbai Metropolitan Region Development Authority (“MMRDA”).
  • The project is located in the heart of Bandra Kurla Complex (“BKC”) – the new Central Business District of Mumbai and is adjacent to the American Consulate, Trident Hotel, Novotel, American School and the Dhirubhai Ambani School
  • The project envisages development of luxury high-end apartments with a total saleable area of 0.27 million square feet with approx. 60 units.

Developer Description:

Starlight Systems Pvt. Ltd. is a subsidiary of Sunteck Realty Ltd (“Sunteck”). Sunteck is a Mumbai based developer focused on office space and luxury residential segments. Sunteck is listed on the National Stock Exchange and Bombay Stock Exchange with a market cap of Rs. 42,565 million*.

For more information, please visit www.sunteckindia.com/

* As on 22.10.2010