Sunteck Realty has formed a new wholly-owned subsidiary, Magenta Buildcon Private Limited (MBPL), to bolster its real estate and construction operations.

This development signals a potential expansion or streamlining of the company's core business activities.

The initial investment for MBPL is ₹0.01 Cr, securing 100% ownership.

This move aligns with Sunteck's focus on growing its real estate footprint and efficient project execution.