Sunteck Realty Limited (SRL) is expanding its annuity income business of its commercial portfolio as it enters a long term understanding/agreement of its second premium commercial building at BKC Junction, Sunteck Icon, to Bennett, Coleman & Co Ltd. The built-up area of Sunteck Icon is approximately 2 million square feet with an approximate rental of INR 300 per Sq. Ft. per month on carpet area basis.

This will allow the company to generate a revenue of close to INR 20,000 million over the tenure of 29 years. This encompasses a major milestone for the company as this is the second building on BKC Junction for Sunteck after leasing out BKC51 to Upgrad last year in March 2023 for 29 years. This partnership reflects Sunteck Realty's ongoing pursuit of excellence in the real estate sector, creating environments that inspire productivity and innovation.

Sunteck Icon is a world class building equipped with all the modern facilities and amenities possesses Green Building Pre-Certification from Edge-IFC, a member of the World Bank group. Overall Sunteck Realty boasts a robust and diversified pipeline of projects, encompassing over 50 million square feet. The company has achieved a remarkable feat by more than doubling its Gross Development Value (GDV) in under three years to an impressive INR 300,000 million in Fiscal Year 2024.

The company had recently announced expansion of uber luxury residential portfolio with entry into the poshest locations at Nepean Sea Rd and Bandstand-Bandra West with GDV of over INR 30,000 million.