Sunteck Realty expands control over Dubai project entities

Sunteck Lifestyles Limited (SLL), a wholly-owned Dubai subsidiary of Sunteck Realty, announced on October 29, 2025, that it entered into a Supplemental Agreement to a Joint Venture Agreement dated October 27, 2025, with Grand Valley General Trading LLC and GGICO Sunteck Limited. This agreement, followed by a Project Development Agreement on October 28, 2025, grants SLL the right to appoint a majority of the directors on the board of GGICO Sunteck.

Additionally, SLL executed a Supplemental Joint Development and License Agreement on October 27, 2025, with GGICO Sunteck, Revi Realty Real Estate Development LLC, and Sunteck Mas Real Estate Development LLC. A subsequent Project Development Agreement on October 28, 2025, secures SLL the right to appoint a majority of members to the project execution committee of Sunteck Mas (Development Company of Dubai).

As a direct result of these arrangements, both GGICO Sunteck and Sunteck Mas have become subsidiaries of SLL, and consequently, subsidiaries of Sunteck Realty Limited. This move follows an earlier intimation dated August 13, 2024.