Tuesday 1 September 2015

A Bold Decision In BKC


Mumbai is the financial capital of the country. The city has become a hotbed for commercial and residential property development in the country. Today property prices in Mumbai are constantly rising as a number of new commercial and industrial companies are setting up operations in the city increasing employment opportunities and increasing the demand for housing.

A number of real estate companies have established a foothold in this highly profitable property market by introducing an ultra luxurious segment of residential housing. These luxury homes are changing the face of luxury real estate in the city. Among these pioneers Kamal Khetan is a highly established real estate mogul in the country. His company Sunteck Realty Limited is rated as one of the top listed real estate companies in the country.

However this development from a realty company with limited capital to a financial giant didn’t take place overnight with logical investment decisions. A couple of years ago, when the Mumbai real estate market first heard that residences in a particular building in the Bandra Kurla Complex would be sold for Rs 40 crore and going as high as Rs 65 crore, it seemed to defy all logic. However it was bold innovation and not logic that

drove Sunteck Realty Limited to the top of the Indian Real Estate Market.

While most people were awestruck by decision, a handful of the cities elite class saw a unique opportunity. Mr. Khetan’s decision to offer expansive apartment ranging from 7,000 sq-ft to 11,0000sq-ft as shell units with little or no walls and fittings inside was even more astonishing. This bold gamble seemed to pay off as the targeted residents with the ultra-high net worth were more than sold by the idea of purchasing these spacious apartments and using first-class designers to furbish interiors.

 Signature Island, Sunteck Realty’s iconic building in BKC, offers amenities keeping in mind the requirements of the ultra high-net worth individuals who will soon take up residence there. This award winning project has set the standard for luxury real estate in the city and has set the foundations in place for Kamal Khetan’s massive Sunteck Empire.

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