Sunteck Realty Limited announced the completion of its acquisition of 100% equity stake in Shreejikrupa Hotels and Properties Private Limited (SHPPL) through its wholly-owned subsidiary, Apricum Buildwell Private Limited (ABPL). This acquisition, finalized on January 19, 2026, follows the fulfillment of conditions precedent outlined in the Share Purchase Agreement (SPA), building upon an earlier intimation dated October 30, 2025.

SHPPL owns a land parcel of 1.75 acres located off Andheri Kurla Road & Sahar Road, near the International Airport in Andheri, Mumbai. The projected gross development value from this land parcel is estimated to be approximately ₹2,500 Crores. Consequently, SHPPL is now a step-down wholly-owned subsidiary of Sunteck Realty Limited.