Long Term - долгосрочные инвестиции

Sunteck Realty 250-300 Expected level 375 Support 200

#COMPANY #OUTLOOK • In a significant move to address the acute affordable and mid-income housing shortage in India, IFC and Sunteck Realty are partnering to create a joint platform with a total investment of up to ₹750 cr (US$90 million) to promote the development of nearly 12,000 high-quality housing units across four to six green housing projects within the Mumbai Metropolitan Region (MMR) in the state of Maharashtra. IFC's proposed investment is for up to ₹330 cr. • The project at Burj Khalifa Community, Downtown, Dubai is likely to be launched in next 12-15 months. It has a potential of over ₹9,000 crore of gross development value (GDV). The investment in the project is ~₹250 crore for 50% of the profit share. The total cost of the project is ~₹2,000 crore. The project will be completed in 3-4 years. ft. • They are also gearing up to launch a project in Bandra West with a GDV of ₹1,000 crore. This is expected to be launched in FY26. • It will focus to grow their GDV value i.e., double this in every 3 years. In FY24, their GDV pipeline was of ₹26,465 crore which is expected to double to ~₹52,930 crore by FY27. Currently their GDV value pipeline is at ₹40,225 crore. • The company has added Nepean Sea Project - 2 with a GDV (gross developmental value) of ₹2,400 crore. This takes up the total GDV of Nepean Sea Project to ₹5,400 crore. They expect this GDV potential to grow further. The total area is 2,50,00-2,70,000 sq. • They are preparing for a new tower launch in Sunteck Sky Park at Mira Road (GDV of ₹700 crore) and Sunteck Beach Residences (GDV of ₹400-₹450 crore), Sunteck Niagaon with a GDV value of ₹350 crore in FY26. • The company aims to sustain pre-sales growth and improved margins in FY26, with plans to launch the Dubai project by late FY26 or early FY27 and formally unveil the ₹5,400 crore GDV Nepean Sea project.

#SECTOR #POTENTIAL • The real estate market in India has grown by 11.3% CAGR from 2008 to 2020. It is expected to reach $1,000 bn by 2030. By 2025 end, the sector would contribute ~13% to India’s GDP. • In 2024, saleable area supply stood at 609 msf while absorption was 588 msf. In value terms, supply was ₹5.3 lakh cr & absorption was ₹5.7 lakh cr. In terms of supply of units amongst top 7 cities, MMR has an average share of 31% from 2019-2024. • The share of affordable segment (less than ₹40 lakh) has declined from 30% in 2020 to 16% in 2024. The combined share of midend (₹40-₹80 lakh) & high-end (₹80 lakh-₹1.5 cr) was 61% in 2020, which has moved down to 51% in 2024, with mid-end declining and high-end rising. The share of luxury (₹1.5-₹2.5 cr) and ultra-luxury (₹2.5 cr+) rose from 6% and 3%, respectively in 2020 to 14% and 17%. • Mumbai, being the largest real estate market in the country is set for a major boom, which will further add to the overall surge. A new coastal road, a metro rail and a trans harbor link are among the many ongoing infrastructure projects that are meant to transform India’s commercial capital into a modern and efficient city. As these projects complete over the next few years, new micro markets will open in and around Mumbai, as commuting would become easier. That will boost real estate development further. • Sales: Residential sales across India’s top 7 cities declined by 28% YoY in Q1 2025 to ~93,300 units, impacted by price resistance and geopolitical uncertainties. • Launches: New launches stood at ~1,00,000 units, down 10% YoY, with a strong tilt toward premium and luxury segments in Q1 2025. • Inventory: Despite slower sales, available inventory fell 4% YoY to ~5.6 lakh units, indicating healthy absorption in select markets Q1 2025 for top 7 cities of India.