Most Expensive Apartment in India : Mumbai-based Sunteck Realty has announced plans to build the country’s most expensive apartments. Apartment prices will start at ₹100 crore and go up to ₹500 crore.
Not only is the demand for luxury homes increasing in the country, but developers are also focusing on building luxury and ultra-luxury houses, flats, and apartments. Recently, each flat in DLF Camellias Society in Gurugram was sold for ₹100 crore. Now, a Mumbai developer has begun construction of the country’s most expensive apartment. The price of this apartment is said to be around ₹500 crore. What are its amenities that make this price so unimaginable?
This ultra-luxury project has been initiated by Mumbai-based real estate developer Sunteck Realty. The developer has announced the launch of two projects: one in Mumbai and the other in Dubai. These apartments will be designed for ultra-high net worth individuals. Both projects will be called “Emans,” which will be known by the same name in both Mumbai and Dubai. Apartment prices in these projects will reach up to ₹500 crore.
How much will it start with?
Sunteck Realty CMD Kamal Khaitan said, “We are entering the ultra-luxury residential project segment and will create a new brand, ‘Emans,’ that will establish itself globally. The price of any apartment in this project will not be less than Rs 100 crore.” He added that the project will be launched in June 2026 and is targeted for completion within the next few years.
Where will both luxury projects be built?
The developer says one of the projects will be launched on Nepeansea Road in Mumbai, and the other in Downtown Dubai, home to the world-famous Burj Khalifa. Khaitan stated that both projects will be launched next year and are estimated to cost approximately ₹20,000 crore. The project’s high price tag is due to the apartments being priced at ₹2.5 lakh per square foot.
The company has completed 32 projects so far.
Sunteck Realty is one of the country’s top real estate developers. The company has successfully completed 32 projects totaling 52.5 million square feet. The company reported a 47% increase in net profit in the first quarter of the current financial year, reaching ₹334.3 million (approximately $1.8 billion) compared to ₹227.8 million (approximately $2.2 billion) in the same quarter last year. However, total revenue declined significantly, falling from ₹328 million (approximately $1.2 billion) to ₹201 million (approximately $1.2 billion).
