Sunteck Realty Ltd

Dear Shareholders,

I hope this message finds you and your families well. As I reflect on the past year, I am filled with immense gratitude for the trust and unwavering support you have extended to Sunteck Realty. Together, we have made significant strides, reinforcing our commitment to excellence and setting the stage for greater achievements in the future.

India's Economic Resilience and Real Estate Transformation

India's economic landscape continues to demonstrate remarkable resilience. Growth-driven policies, accelerated infrastructure development, and robust public sector capital investments have laid the foundation for sustainable progress. This, coupled with the nation's recovery from the pandemic, is propelling employment rates and solidifying India's position as a strong, stable economy poised for further growth.

The Indian real estate sector is at the cusp of a transformation, driven by rapid urbanization, evolving lifestyles, and extensive infrastructure investments. The resulting surge in housing demand and price appreciation presents a pivotal opportunity for Sunteck Realty to capitalize on, reinforcing our commitment to balancing supply with the needs of our consumers.

Strengthening Our Market Leadership

At Sunteck Realty, we have cemented our presence in the Mumbai Metropolitan Region (MMR)-India's largest and fastest-growing real estate market.

Our diverse portfolio, with differentiated brands, spanning from uber-luxury to aspirational-luxury segments, allows us to command premium by offering luxury across all segments.

Capitalizing on the strong demand in the uber- luxury segment and building upon the legacy of our iconic towers at BKC-Signature Island, Signia Isles, and Signia Pearl-home to India's top business leaders and celebrities, we are proud to further expand our ultra-luxury portfolio. With landmark acquisitions in two of Mumbai's most coveted addresses, Nepean Sea Road and Bandstand, Bandra West, Sunteck remains at the forefront of architectural innovation and impeccable quality, firmly establishing itself as the top choice for the most sophisticated and discerning buyers.

Our Growth Engines

I am pleased to share that Sunteck Realty achieved a record pre-sales figure of '1,915 crores and collections of '1,236 crores in FY24. This growth was driven by the following six key projects, our 'Growth Engines.'

6. Sunteck Crescent Park (SCP)

These projects underscore our strategic expansion, solidifying Sunteck Realty's leadership in the MMR. Our capital-efficient approach, a combination of outright land acquisitions and asset-light joint development agreements (JDAs), has led to strong equity multiples and one of the most robust balance sheets in the industry. Our focus on cash flow generation has enabled us to achieve net debt-zero status by FY24.

Operational Efficiency and Customer Commitment

We successfully delivered nearly 2,500 homes as part of the Sunteck Maxxworld project at Naigaon. Furthermore, the upcoming early delivery of Sunteck City 4th Avenue at ODC, Goregaon in FY25 highlights our operational efficiency. Our focus on timely delivery and quality underscores our commitment to our customer families.

Strengthening Annuity Income from Commercial Portfolio

We have strengthened our annuity income portfolio from our two commercial properties viz.,Sunteck Icon and Sunteck BKC51. This portfolio will contribute ~' 70 crores in annual rental income, enhancing our revenue stream and solidifying our commercial real estate position.

Commitment to Sustainability

As we look ahead, we are driven by a vision to lead sustainable real estate development. I am pleased to announce that we achieved notable sustainability milestones. Our property, Sunteck West World, has been awarded the esteemed EDGE green building certification by IFC, a member of the World Bank Group. Additionally, our company has been honored with a 5-star rating and ranked 3rd in the Asia-Pacific region for Diversified Office and Residential properties by the Global Real Estate Sustainability Benchmark (GRESB).

Strong Strategic Partnership

Strong strategic partnerships have been fundamental to our organization's success. Continuing our tradition of strategic alliances with notable partners such as the Ajay Piramal Group and Kotak Fund-partnerships built on trust, mutual respect, and a unified vision for growth- we have collaborated with the International Finance Corporation (IFC), a member of the World Bank Group. This partnership, involving a joint investment platform with a total value of up to ' 750 crores, underscores our robust systems, scalable business model, and dedication to environmental sustainability.

Path Forward

Our unwavering focus on customer-centricity, strategic partnerships, innovation, and sustainable practices will continue to drive our growth. We remain committed to our luxury branding, operational excellence while maintaining strong financial position, setting us apart in the marketplace.

In closing, I extend my deepest gratitude to our shareholders, customers, and partners for your continued faith in Sunteck Realty. Together, we will navigate the future, creating long-lasting value with inclusive and sustainable growth.

Best Wishes,