Sunteck Realty Incorporates Astrica Realtor

10 Mar 2025 CW Team

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.

Infrastructure Transport

15 Apr 2025

Smart Border Port Keeps Nonstop China-Vietnam Trade Flowing

On a recent spring morning at Youyiguan Port, known as Friendship Pass, on the China-Vietnam border in Pingxiang city, south China's Guangxi Zhuang autonomous region, a steady stream of trucks lined up at the border crossing, ferrying tropical fruits into China and hauling machinery and electronics to Vietnam. The scene is brisk, efficient - and increasingly automated. Friendship Pass, one of the largest and most efficient land border crossings between China and Vietnam, is undergoing a high-tech overhaul. The site is being transformed into China's first cross-border smart port, with the Chi..

Cortec Delivers Corrosion Protection for Military Equipment and Infra

As modern military operations demand equipment that’s ready for immediate deployment, corrosion prevention has become more critical than ever. Addressing these challenges, Cortec® Corporation—an industry leader in environmentally responsible corrosion solutions—offers its proven VpCI® (Vapor phase Corrosion Inhibitor) technology to safeguard military equipment during production, transit, and long-term storage. Corrosion poses serious risks to o perational readiness, safety, and budgets. It can lead to critical equipment failures, costly repairs, and safety hazards. Studies indicate t..

Unsold Affordable Housing Drops 19% in Q1 2025: ANAROCK

India’s housing market is showing contrasting trends across budget segments. According to the latest data from ANAROCK Research, unsold affordable housing units (priced below Rs 4 million) across the top seven cities dropped by 19% year-on-year in Q1 2025, falling from approximately 140,000 units to 113,000 units. This decline is attributed to restricted new supply and sustained demand from end-users. Conversely, unsold stock in the luxury housing segment (priced above Rs 15 million) surged 24% in the same period, growing from 91,125 units to over 1.13 lakh units. The spike comes on the bac..