Kamal Khetan- Sunteck’s Caesar

“What is a King without his Kingdom?” For Mr. Kamal Khetan Sunteck Realty Ltd. is his ultimate kingdom. With over 24 projects and 4 rented assets spread over an area of 24million sq.ft. But what makes Sunteck Realty standout from other real estate companies in India? The answer may lie in the lavish design of the company’s projects. Kamal Khetan realized full-well the potential of his projects. However this king believed in change. His ideals and vision went beyond the concept of ordinary real estate. He has since transformed the real estate market in India and led his kingdom to brand new heights.  Through smart acquisitions and strategic partnerships, Sunteck has recorded exponential growth in the decade.

Sunteck Realty’s success can be attributed to the important level of effort put into customer satisfaction. Sunteck Realty’s projects, boasts some of the best internal as well as external amenities for residents.

Internally these apartment complexes posses excellent living features like an entire flooring covered with tiles made of imported marble, designer switches, Dado tiling, granite covered kitchen tops and every household appliance like microwaves, refrigerators, etc. are few if the indoor benefits of living in these luxurious homes.

But Kamal Khetan was well aware that residents would look far beyond indoor comforts before investing in a luxury apartment. The idea was to create an outdoor community atmosphere for residents, to turn the complexes into neighborhoods. It began with creating gymnasiums with top-of- the-line equipment, beautiful outdoor landscape gardens, swimming pools, children’s play areas, sky lounges and some of the apartments also come equipped with their own club houses & and multi-purpose hall.

However there was still one pressing matter that needed addressing, security. Providing residents with security seemed like the most urgent need, after all these apartments were to going to be inhabited by the upper elite class of society. State-of-the-art security facilities were set up in and around the apartment complexes. Among them CCTV cameras, Video door phones, Intercoms while guard houses were stationed around the premises.

With all these first-rate facilities in place these luxury apartments were ready to go and sale and with that Mr. Kamal Khetan looked to expand his Kingdom. Mr. Khetan has only until recently partnered with the Walt Disney Company for his mega projects Sunteck City Avenue 1 and Sunteck City Avenue 2 to create a family friendly atmosphere inside each flat and provide Disney themed play areas for children. Over the past few years Mr. Kamal Khetan has certainly expanded his empire.

Kamal Khetan’s Bold New Venture

Kamal Khetan started Sunteck Realty in 2000, as an individual business owner with limited capital to his name. Today Sunteck Realty is one of India’s largest real estate companies. He began this endeavour by leasing commercial spaces to business in Bandra Kurla Complex. Today he has widened the scope of his business to unimaginable heights. Sunteck Realty boasts a number of projects spread across Mumbai and one in Nagpur. These projects are spread over an area of 24million sq.ft. Each one of these projects, provide residents with the luxuries of the elite-class of society. We all know Mr. Kamal Khetan to be a pioneer and a visionary of real estate and today he is taking his visions to the next level with his bold partnership with internationally acclaimed Walt Disney Company more universally known as Disney.

The common question however on everyone’s mind is what is an entertainment company doing teaming up with a real estate company? Yes it is quite unusual for a real estate mogul to want to team up with an entertainment company. WaltDisney partnership with Sunteck Realty was focused to highly impact 1 project in particular, Sunteck City. It is Located in one of Mumbai’s most famous areas, Goregaon West. The area is somewhat of a cinema hub of India. The area is home to two of India’s biggest film studios namely, Film City and Filmistan. The increase in the number of commercial spaces in Goregaon has probed multinational corporations to set up office in the area giving rise to a number of gorgeous commercial towers. With a number of commercial buildings on the high rise in Goregaon property prices are expected to start soaring through the roof.

Sunteck City is a residential masterpiece. And a partnership with Disney offers families a unique opportunity to bring the magic of Disney to the homes of Indian residents. Disney will provide kid friendly interiors to the residents of Sunteck City. Disney’s home products offer total interior solutions providing furniture, beddings, rugs, tableware, kitchenware, fans, bath accessories, tiles and paint. The goal is to attract families by turning Sunteck City into a child friendly society. With no restrictions on choice, families can permit their kids to pick any of their favourite Disney characters to implement in the theme of the apartment. To partner up with one of biggest companies in the world required shear courage and tenacity, two qualities Kamal Khetan posses in excess.

Kamal Khetan’s First Masterpiece

Mumbai is already the commercial capital of India and is fast becoming the commercial hub of the world. The commercial industry in Mumbai continues to grow day by day without any real signs of halting. This ever demanding industry constantly requires fresh and innovative faces to throw into the mix. This brings with it a great demand in real estate. The real estate industry in Mumbai is currently on the rise. Kamal Khetan an astute entrepreneur views this rise as more of an opportunity for Mumbai to take considerable step towards development. His vision and endeavour is transforming the upper class of society’s view on luxurious lifestyles. 

Transforming ordinary real estate projects into works of art is somewhat of a trait Mr.Khetan has acquired over the years. Under the management of Mr.KhetanSunteck Realty has made constant strides in the real estate market in both commercial and residential sectors. Sunteck Realty is currently listed as one of India’s top real estate companies. But Sunteck Realty originated from humble beginnings and those beginnings began at Bandra Kurla Complex (BKC). Once nothing more than marshy lands, today BKC has become the commercial hub of Mumbai.

Mr.Kamal Khetan realised full well the potential of BKC even before the foundations were laid in place. He began this great venture that is Sunteck Realty after acquiring a four stories tall commercial space in BKC. Ever since that bold step Sunteck Realty has considerably rose to prominence in the real estate market. Today the company has a development portfolio of over, 24 million sq.ft off land spread across 24 different projects at various stages of construction. This portfolio also includes 4 rented assets. Supposedly, Sunteck Realty Ltd is expecting deals in the income of more or less 1000 Crore INR in the nearing over two years through the dispatch of four new ventures in Mumbai.

Mr. Kamal Khetan might have transformed Sunteck Realty into a financial success story but he still hasn’t forgotten the purpose behind the establishment of Sunteck Realty, the residents. With top-of-the-line external facilities for its residents like gardens, gymnasiums, pools to name a few Sunteck’s projects always surpass expectations. Even the internal amenities are first rate with some of the most luxurious furniture with everything design oriented from the switches to the taps and kitchen counter tops. Kamal Khetan’s dream of creating luxury apartments for residents all over the city is constantly being realised through his projects.

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.