New Delhi : Sunteck Realty Ltd has entered the ultra-luxury housing segment to meet rising demand with plans to launch two new projects in Mumbai and Dubai by June next year with an estimated revenue of Rs 20,000 crore.Sunteck Realty will develop these ultra-luxury housing projects under a by-invite-only real estate lifestyle brand 'Emaance'.

"We are entering into ultra-luxury residential segment under a new brand Emaance, derived from fusion of two words Immense and Indulgence, where each apartment cost will not be less than Rs 100 crore," Sunteck Realty CMD Kamal Khetan told PTI.The cost of the apartment will be as high as Rs 500 crore, he added.To begin with, Khetan said the company plans to launch two high-rise ultra-luxury housing projects at Nepeansea Road, Mumbai, and Dubai Downto

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