Sunteck Realty Limited has announced the launch of its first tower in a new ultra-luxury residential development in Goregaon West, Mumbai. The ambitious project, positioned on a three-acre land parcel, represents a significant addition to the developer's portfolio with substantial revenue potential.

Project Overview and Financial Impact

The comprehensive development carries an estimated gross development value of ₹3,000 crore, establishing it as one of the major luxury residential projects in the western suburbs. The initial phase alone is projected to contribute ₹1,250 crore to the overall project GDV.

Residential Features and Design

The development will feature large three and four-bedroom residences, each equipped with private elevator access and dedicated lobbies. A key highlight of the project is the expansive decks that offer panoramic views of the Aarey Forest and Mumbai skyline, providing residents with vistas rarely available in the western suburbs.

The project has been designed by renowned Hong Kong-based architect James Law, ensuring international design standards and aesthetic appeal. The residences are positioned to cater to the ultra-luxury segment of Mumbai's real estate market.

Mixed-Use Development and Amenities

Sunteck Realty has planned the project as a mixed-use destination that extends beyond residential offerings. The development will integrate:

• Ultra-luxury residential towers
• Commercial office spaces
• Retail outlets and shopping areas
• Dining and entertainment options

The project will feature over 100,000 square feet of recreational and lifestyle amenities, including a double-height lobby, landscaped green decks, and an exclusive residents-only club. These facilities are designed to provide a comprehensive lifestyle experience for residents.

Strategic Market Positioning

Goregaon West has emerged as a key focus area for Sunteck Realty's expansion strategy. The developer has established a strong presence in this micro-market, having successfully delivered and sold out multiple projects over the past decade. This track record demonstrates the company's understanding of local market dynamics and buyer preferences in the area.

The launch of this ultra-luxury project reinforces Sunteck Realty's commitment to the Goregaon West market and its strategy to cater to the premium residential segment in Mumbai's western suburbs.

Sunteck Realty Limited has secured a significant victory in its GST dispute, with the Office of Goods and Services Tax passing a favorable order dated December 31, 2025. The order completely nullifies all demands, interest, and penalties that were previously levied against the real estate company.

GST Order Details

The favorable ruling comes as a resolution to a GST matter that began with a show cause notice issued to the company on October 4, 2025. The company had filed its response and contentions challenging the initial demand from the GST department.

Resolution Outcome

The GST department thoroughly examined Sunteck Realty's contentions and found them acceptable, leading to the complete withdrawal of all financial liabilities. The order specifically addresses:

• Complete nullification of the original demand amount
• Waiver of all interest charges
• Cancellation of penalty amounts
• Acceptance of the company's legal position

Regulatory Compliance

The company has informed both the National Stock Exchange of India Limited and BSE Limited about this development through a formal communication dated December 31, 2025. This notification was made under Regulation 30 of SEBI Listing Obligations and Disclosures Requirements Regulations, 2015, ensuring full transparency with stakeholders.

The resolution of this GST matter removes a potential financial liability from Sunteck Realty's books and demonstrates the company's successful defense of its tax position. The favorable order validates the company's compliance approach and legal strategy in handling GST-related matters.