Sunteck Realty Limited (SRL), one of India’s leading luxury real estate developers, has announced the incorporation of a wholly owned subsidiary, Astrica Realtors Private Limited (ARPL), on 7th March 2025. The newly formed entity will focus on construction, real estate, and allied activities, reinforcing Sunteck’s commitment to expanding its city-centric development portfolio.

The company has acquired 100% of ARPL’s share capital by subscribing to 10,000 equity shares, each with a face value of Rs 10, amounting to a total investment of Rs 1,00,000. Sunteck Realty confirmed that this transaction does not fall under related party transactions, and none of its promoters, promoter group, or associated companies have any stake or interest in ARPL.

Sunteck Realty has established itself as a key player in the luxury real estate segment, with a strong portfolio spanning 52.5 million square feet across 32 projects. The company’s financial performance has shown remarkable improvement, reporting a consolidated net profit of Rs 425 million in Q3 FY25, a significant turnaround from a net loss of Rs 973 million in Q3 FY24. Revenue from operations also witnessed a robust 281.06% year-on-year growth, reaching Rs 1.61 billion in the December 2024 quarter.

Despite the positive developments, Sunteck Realty’s stock ended 0.96% lower at Rs 397.05 on 7th March 2025. The incorporation of ARPL is expected to further strengthen the company’s position in the real estate sector, driving future growth and expansion.