Achievements of Kamal Khetan- A Real Estate Icon

Success story of Mr. Kamal Khetan, one of the most renowned personalities from the India real estate industry is quite inspiring. He ventured into the realty sector with limited capital and established a company named Sunteck Realty Ltd in 2000. Today, his company is one among the top 10 listed real estate companies in the country.

Here are some of the achievements of Kamal Khetan:

·         He was featured twice in the Forbes India Rich List. Forbes is a globally-read business magazine

·         He had opened a business centre at Bandra Kurla Complex (BKC) in order to offer sub-leasing facilities. His project ‘Sunteck Centrako’ attracted reputed hotels, high-profile multinational companies and technology-related companies

·         Between 2000 and 2004, his company acquired ‘Sunteck Magenta’, ‘Sunteck Amenity’ and ‘Sunteck Certainty’ to offer subleasing facilities

·         In 2006, Mr. Kamal Khetan won a government tender for a luxury residential project at the Bandra Kurla Complex

·         ‘Signature Island’ happens to be his showpiece project. It is a high-rise residential apartment with luxury units that got sold for $6 million each

·         He established a strong partnership with pharma tycoon Ajay Piramal in 2007 in Piramal Sunteck, which was a subsidiary of his flagship

·         Mr. Kamal Khetan’s Mumbai-based real estate development company has a development portfolio of around 25 million square feet spread across 24 projects (at various stages of development). This portfolio also consists of 4 rented assets

·         Within a span of four years, Sunteck Realty completed six projects with developed area of approximately 2 million square feet. This comprised of commercial as well as residential developments

·         Reportedly, Sunteck Realty Ltd is expecting sales revenue of approximately 1000 Crore INR in the coming two and a half years through the launch of four new projects in Mumbai.

1000 Crore Revenue Expected from Kamal Khetan’s Realty Projects

As per industry reports, Mr. Kamal Khetan’s Sunteck Realty is expecting sales revenue of approximately 1000 Crore INR in a span of next two and a half years. The revenue will be obtained from the four new Kamal Khetan realty projects that have been launched by the company in Andheri, Bandra Kurla Complex, Navi Mumbai and Borivali. These projects have been launched as an extension of Sunteck’s strategy to provide high-end residential homes in micro markets of the city.

According to Mr. Kamal Khetan, the company plans to develop these four projects and get revenue of more than 1000 Core INR by 2017.  His company already boasts of a development portfolio of around 25 million square feet spread across 24 projects. It also includes 4 rented assets.

As one of the most renowned real estate icons in India, Mr.Kamal Khetan has changed the way Mumbai looks at premium housing. Under his leadership, Sunteck Realty Ltd achieved new heights. He started the company in 2000 and since then, it has achieved various milestones. In a span of four years, the company completed six projects with a developed area of approximately 2 million square feet. This comprised of commercial as well as residential developments.

Thanks to Mr. Kamal Khetan’s vision and guidance, projects launched by Sunteck Realty in Mumbai have always been in high demand. From industrialists to celebrities, the company enjoys a reputed client list. Unlike most real estate companies that are struggling with heavy debt and low sales, Mr.Kamal Khetan has managed a healthy financial performance for Sunteck. The company’s steady financial performance is an indication of growing investor interest. Sunteck managed to do total sales of 3000 Crore INR between 2008 and 2013 as compared to less than 100 Crore in 2007.