Sunteck Realty Limited — JV/Acquisition, 24-04-2026: Acquisition

Sunteck Realty has acquired 100% stake in Tanirika Infrastructure Private Limited (TIPL) for an enterprise value of ~INR 22.40 Cr. This is a strategic play to consolidate a prime property on Nepean Sea Road in South Mumbai. TIPL owns a crucial land parcel, which when combined with an adjacent one already held by Sunteck's subsidiary, unlocks significant development potential. This acquisition enhances Sunteck's land bank in a high-value micro-market, aligning with its growth strategy and strengthening its footprint in Mumbai's luxury real estate segment.