Sunteck Realty, a Mumbai-based premium real estate developer, has inked a definitive agreement with leading global investment firm KKR under which KKR’s investment vehicles would provide up to Rs 150 crore ($22.4 million) of funding to Sunteck’s flagship luxury residential developments in Mumbai, Signia Isles and Signia Pearl.
Located in Mumbai’s leading business district Bandra Kurla Complex, the luxury developments are Sunteck’s flagship projects and are landmark residential developments in the city. With anticipated openings in 2016, Signia Isles and Signia Pearl have garnered interest from high-profile tenants including national industrialists, senior executives of leading financial services firms and corporations, and Bollywood personalities.
Sunteck Realty primarily focuses on the development of ultra premium and luxury residential properties in city-centric locations of Mumbai. Its development activities include multi-unit apartment buildings, block re-developments, planned communities and commercial spaces.
