Sunteck Realty is set to build the country's most expensive apartment in Mumbai. In this ultra-luxury project, apartment prices will range from 100 crore to 500 crore rupees. The project will be located on Nepean Sea Road, and its rate has been set at 2.5 lakh rupees per square foot. This project is designed for high-net-worth individuals.
Mumbai: Sunteck Realty has announced the launch of its ultra-luxury apartment project ‘Imans’ in Mumbai. The price of this project will range from 100 crore to 500 crore rupees. One project will be built on Nepean Sea Road in Mumbai, while a second project will be developed near Burj Khalifa in Dubai. Kamal Khetan stated that the apartment rate has been set at 2.5 lakh rupees per square foot. It is designed for high-net-worth individuals and will be launched in June 2026. The total cost of the project is estimated to be up to 20,000 crore rupees.
Ultra-Luxury Apartment Announced in Mumbai
Sunteck Realty has announced the construction of an ultra-luxury apartment in Mumbai. This project is named ‘Imans’ and will be the country's most expensive apartment. Apartment prices will start from 100 crore rupees and go up to 500 crore rupees. The main objective of this project is to attract high-net-worth investors.
In this project, special attention will be paid to luxury amenities. The apartment rate has been set at 2.5 lakh rupees per square foot, making it India's most expensive real estate project. Investor expectations and the demand for luxury homes make it unique.
Project Location and Global Expansion
The Mumbai project will be developed on Nepean Sea Road. This location is situated in a prime area of the city. On the other hand, a second project will be built in the Downtown area of Dubai. Both projects will be launched next year. The Dubai project will be located near Burj Khalifa and will attract global investors.
The estimated cost of the project is approximately 20,000 crore rupees. This investment will ensure the construction of apartments and luxury amenities are developed to the highest standards. Both projects will strengthen Sunteck Realty's presence in the country and globally.
Commencement and Launch Timeline
Kamal Khetan stated that the project will be launched in June 2026. It will be developed under the ultra-luxury residential brand ‘Imans’. The price of any apartment in this project will not be less than 100 crore rupees, making it the country's most expensive and luxurious project.
At the time of launch, investors and high-net-worth clients will be given an experience of the apartment's design and amenities. The project is targeted to be completed over several years.
Apartment Amenities and Luxury Experience
In this project, apartments are designed to give a 'heaven-like' feeling. There are plans to use the most modern technology and artificial intelligence. Facilities such as security, private pools, spas, gyms, and health clubs will also be included in the apartments. Special attention will be given to luxury and privacy in every apartment.
Provisions for social and cultural amenities are also included. These apartments will be considered attractive not only for living but also from an investment perspective. They are designed for the ultra-premium segment.
Sunteck Realty's Experience and Track Record
Sunteck Realty is one of the country's leading real estate developers. The company has successfully completed 32 projects to date. It has worked on projects spanning 5.25 crore square feet. In the first quarter of the current financial year, net profit increased by 47 percent to 33.43 crore rupees.
The company's profit last year was 22.78 crore rupees. However, total revenue declined from 328 crore rupees last year to 201 crore rupees. This indicates that the company is working on balancing project expansion and profitability.
