Sunteck Realty plans Mira Road and Andheri launches in second half of FY27

Sunteck Realty has told investors it plans to launch Sunteck Belvedere Park in Mira Road East and a residential redevelopment on the Western Express Highway in Andheri in the second half of FY27, which runs from October 2026 to March 2027. Management set out the plan on its earnings call on 27 October 2026, a day after the company reported its September quarter results. The H2 launch pipeline, excluding Dubai, is about ₹7,000 crore of gross development value (GDV), the total sales value of a project's saleable area.

Belvedere Park, Mira Road East

Belvedere Park is located at Kashimira, near the Western Express Highway. The company's planned GDV for the project is ₹1,200 crore to ₹1,400 crore. The site is 3.5 acres under a joint development agreement, with development potential of 5.5 lakh sq ft. The plan is for two towers of G+55 floors, with 2 BHK and 3 BHK homes of 650 to 1,050 sq ft carpet area.

Chairman and managing director Kamal Khetan said the company is confident the project will be its second successful one in Mira Road, after Sunteck SkyPark. He said Belvedere Park had been left out of GDV last quarter because approvals were still expected, and that the company is now close to receiving them.

A third-party listing gives a price band of ₹1.48 crore to ₹2.39 crore, all-inclusive, last updated on 13 September 2026. The company has not confirmed that band. A listing also shows a MahaRERA registration number, but the same page shows the RERA field as NA. Buyers should check the project's registration on the MahaRERA website before booking. The listing gives a target possession date of December 2030 and a RERA possession date of December 2032. Neither date has been confirmed by the company.

Andheri redevelopment and the wider pipeline

The Andheri project is a residential redevelopment on the Western Express Highway. The company acquired the 2.5-acre site at a GDV of ₹1,250 crore, and planned GDV is ₹1,250 crore to ₹1,500 crore. A 2025 report put the GDV of the same land at ₹1,100 crore, with development potential of 2.75 lakh sq ft. No name, unit mix, price band or launch date has been given for the Andheri project. Management said the project is on track.

Other launches named on the call are:

• A new tower at Sunteck City ODC
• Altavia tower two
• A Borivali West phase
• Additional towers at Sunteck Beach Residences
• New launches at Sunteck World

Dubai has moved from the to-be-launched category to upcoming, and is not part of the H2 pipeline. In Q2, the company bought a 4.5-acre parcel in Borivali West outright. Its assembled holding there is now 11.5 acres, with estimated GDV of ₹8,000 crore. It also acquired a 1.8-acre parcel in Andheri Kurla-Sahar at a GDV of ₹2,500 crore.

On the numbers, Q2 FY27 net profit was about ₹57 crore, up 17% year on year. Revenue from operations was about ₹321 crore, up 27%. Q2 pre-sales were ₹824 crore, up 17%, and H1 pre-sales were ₹1,611 crore, up 19%. Q2 collections were ₹371 crore, up 12%, and H1 collections were ₹780 crore, up 14%. Total GDV stood at about ₹46,880 crore on 30 September 2026. GDV is a measure of future sales value, not recognised revenue.

The company's FY27 pre-sales growth target is 25%, though some accounts of the call record it as 25 to 30%. H1 growth of 19% means the H2 launches will need to lift sales faster than the first half did.

Local access and what to watch

Mira Road East is served by the Western Express Highway, Ghodbunder Road, Uttan Road, Mira Gaon Road and New Link Road, and by Mira Road station on the Western Line. Metro Line 9 runs 13.58 km on an elevated corridor from Dahisar East to Mira-Bhayandar with 10 stations. Miragaon station opened on 7 April 2026, and trial runs have been reported, with a commercial launch expected in the coming months. A double-decker flyover between Kashimira Junction and Mira Road is proposed to ease the Western Express Highway bottleneck, but no completion date has been announced. The Mira Road station upgrade, a ₹90 crore project, was targeted for completion in December 2025.

For buyers, the key checks before the launch are the launch date, the RERA registration on MahaRERA, the sanctioned approvals, and a price list issued by the developer. The next step to watch is whether Belvedere Park's approvals are granted and a launch date is announced for the project.