What Sureka Group does

Sureka Group is a privately held, family-controlled real estate developer headquartered in Kolkata, India, with operations spanning approximately 55 years. The company develops residential and commercial real estate across multiple price tiers — from affordable housing (Springville Homes starting at Rs 18.41 Lacs, Sunrise Junction) through mid-market projects (Sunrise Aura, Sunrise Meadows, Springville Greens) to ultra-luxury developments (The Quartet at Rs 2.40 Cr+, Raghu Estates, South City Retreat, Sunrise Heights) — as well as commercial office space in Kolkata's IT corridor (Globsyn Crystals, Stesalit Towers in Sector V; Park Plaza on Park Street). Its geographic footprint covers Kolkata, Bhubaneswar, Hyderabad, Goa, and Odisha within India, with international exposure through the Altair project in Colombo, Sri Lanka.

The group operates a multi-brand portfolio (Sunrise, Urbana, South City, Springville, The Quartet, Raghu Estates, Globsyn Crystals, Stesalit Towers, Altair) with underlying construction technology focused on IGBC-certified green homes delivering 20-30% energy savings and 30-50% water savings, earthquake-resistant RCC structures, smart-home-ready infrastructure with broadband and VRV/VRF provisions, and modern amenities including rooftop pools, clubhouses, and landscaped open spaces. To date, the group has developed over 12 million sq. ft. with 3+ million sq. ft. currently under construction.

Revenue is generated primarily through one-time residential unit sales priced from Rs 18.41 Lacs to Rs 2.40 Cr+ via direct-to-consumer channels (corporate website, project-specific microsites, on-site sales, site-visit bookings) supplemented by home loan facilitation through banking partners. The group also monetizes commercial assets through direct sales or leasing and participates in consortium-developed institutional assets, notably the 2019 divestiture of South City Mall to Blackstone's Nexus Select Trust for Rs 3,250 crore. Customer segments span affordable first-time buyers, mid-market families, premium HNI/UHNI purchasers, NRI investors, and commercial SMEs. Leadership comprises Chairman Pradeep Sureka (four-decade tenure, former CREDAI Bengal President) and Managing Director Vedant Sureka (second-generation, Indiana University-educated, YPO Calcutta Learning Officer).

Name

Sureka Group

Legal name

Sureka Group

Website

https://surekaproperties.com

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

251–500 employees

Short description

Sureka Group is a family-controlled Kolkata-based real estate developer with 55+ years of history, building residential and commercial properties across affordable, mid-market, and luxury tiers in eastern India, Hyderabad, Goa, and Sri Lanka.

Ownership category

akta.pro rank

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Residential Property Sales: Sureka Group's primary revenue stream is the direct sale of residential apartments and villas to end-buyers. Properties span multiple price points from affordable (~18.41 Lacs for Springville Homes in Odisha) to ultra-luxury (2.40 Cr+ for The Quartet in Kolkata). Sales are conducted directly via project websites and the corporate website, with financing support through bank home loan partnerships.
2. Commercial Property Sales and Leasing: Sureka Group develops and sells commercial office spaces (Globsyn Crystals in Sector V Kolkata, Stesalit Towers in Sector V Kolkata, Park Plaza on Park Street, J K Millennium). Globsyn Crystals offers 1,800–23,000 sq. ft. office spaces; Stesalit Towers offers 1,000–12,000 sq. ft. boutique office spaces. Some commercial units are offered on 'on request' pricing.
3. Premium / Luxury Property Sales: High-value transactions for premium and luxury residential projects including Sunrise Heights (G+26, 96 apartments, panoramic views, starting 1.60 Crore), Raghu Estates (luxury apartments at Alipore with rooftop pool, AC apartments, VRF systems, starting 2.40 Cr+), South City Retreat (4–5 BHK at Alipore Road), and The Quartet (3–4 BHK at Anwar Shah Road, starting 2.40 Cr+). These projects target ultra-high-net-worth individuals and high-income buyers.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels7 records

Core offering

Sureka Group is a Kolkata-based real estate developer that builds, markets, and sells residential apartments, villas, and commercial office spaces. Its portfolio spans affordable housing (Springville Homes, Sunrise Junction), mid-market projects (Sunrise Aura, Sunrise Meadows, Springville Greens), premium residences (Sunrise Heights, Raghu Estates), ultra-luxury developments (The Quartet, South City Retreat), and commercial offices (Globsyn Crystals, Stesalit Towers, Park Plaza) across Kolkata, Odisha, Hyderabad, Goa, and Sri Lanka.

Product overview

Sureka Group is a real estate development company offering a diversified portfolio of residential and commercial properties across Kolkata, Odisha, and Sri Lanka. The company's product portfolio includes luxury residential apartments (The Quartet, Sunrise Heights, Raghu Estates, Urbana), mid-segment housing (Sunrise Meadows, Sunrise Aura, Springville Greens, Springville Homes), and commercial spaces (Globsyn Crystals, Stesalit Towers). Projects range from affordable housing to ultra-luxury units, with brands including Sunrise (affordable-mid segment), Urbana (premium), South City (mixed-use), and Springville (gated community). The company operates through consortium partnerships and develops projects across multiple Indian states and Sri Lanka.

Differentiator

Problem solved

Functional benefit

Brands

• Sunrise: Residential projects brand including Sunrise Aura, Sunrise Meadows, Sunrise Heights, Sunrise Greens, Sunrise Point, Sunrise Junction, Sunrise Symphony, Sunrise Towers
• Urbana
• South City
• Springville
• The Quartet
• Raghu Estates
• Globsyn Crystals
• Stesalit Towers
• Altair

Products and services

• The Quartet Ultra-luxury residential project at 381, Anwar Shah Road, Kolkata, offering 3BHK and 4BHK apartments; under construction with pricing starting from 2.40 Crore, targeted at high-net-worth homebuyers.
• Sunrise Meadows Mid-market residential apartments on Kona Expressway featuring 4 elegant towers, 80% open space, G+19 and G+20 storied towers and club facilities; pricing starts from 49.75 Lacs, targeted at middle-income families.
• Sunrise Aura Mid-market residential complex on Southern Bypass with 8 towers in multiple phases, 80% open landscape area, G+18 and G+20 storied towers and 1.4 acres elevated podium; pricing starts from 50.87 Lacs.
• Springville Greens IGBC-certified luxury gated community in Bhubaneswar with 13 residential towers and 728 apartments; pricing starts from 85.30 Lacs, targeted at mid-to-premium segment families.
• South City Retreat Luxury residential project on Alipore Road, Kolkata offering 4BHK and 5BHK apartments, targeting ultra-high-net-worth buyers.
• Urbana Premium 33,50,000 sq. ft. residential complex in Anandapur, Kolkata offering 3BHK, 4BHK and 5BHK apartments; ready to move in, targeted at premium segment buyers.
• Globsyn Crystals Commercial office space in Sector V, Kolkata featuring G+11 and G+5 storied building with 1,800-23,000 sq. ft. office space options, located in the IT hub with provision for AC office space, targeted at SMEs, IT/ITeS firms and investors.
• Stesalit Towers Compact, flexible commercial office space in Sector V, Kolkata offering B+G+10 storied building with AC boutique office space ranging from 1,000-12,000 sq. ft., targeted at small businesses and SMEs.
• Springville Homes Affordable residential project at Jajpur Road, Odisha with S+10 storied buildings, 494 apartments and first gated community on 4.97 acres, offering 1, 2 and 3 BHK options; pricing starts from 18.41 Lacs, targeted at first-time and budget-conscious buyers.
• Sunrise Heights Luxury residential project at Beliaghata, Kolkata with G+26 storied building, 96 apartments and panoramic views; AC apartments with personal terraces; pricing starts from 1.60 Crore, ready-to-move-in, targeted at high-net-worth individuals.
• Raghu Estates Luxury apartments at Alipore, Kolkata with G+4 and G+11 storied buildings, 37 luxurious apartments (2 apartments per floor), AC apartments, rooftop swimming pool and rooftop lounge, targeted at ultra-high-net-worth buyers.
• South City Multi-use development of 38,00,000 sq. ft. located at Prince Anwar Shah Road, Kolkata; part of the prestigious South City consortium co-promoted with Emami, Merlin, Shrachi and other groups.
• South City Galaxy Residential project located at 2, Justice Chandra Madhab Road, Kolkata; part of the South City consortium development, targeted at premium segment buyers.
• Sunrise Junction Affordable residential project in Baruipur with 448 total apartments; Phase I completed in May 2013 and Phase II completed in May 2014, targeted at budget-conscious first-time homebuyers.

Quantifiable outcome

• 20–30% reduction in energy consumption for IGBC-certified green homes
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Merlin GroupcoreStrategic or Co-development PartnerMerlin Group is a key consortium partner with Sureka Group in South City Projects, Kolkata's landmark mixed-use development. Both groups co-promote South City, South City Mall, South City Galaxy, and South City Retreat. Merlin Group (35+ years of experience) and Sureka Group (55+ years) together have delivered iconic Kolkata projects including Urbana, Elita Garden Vista, and Springville Greens (Bhubaneswar). The consortium has been evaluating offers from funds since 2020 and is also considering expanding by acquiring DLF IT Park II and potentially floating a REIT.
• Emami GroupcoreStrategic or Co-development PartnerEmami Group is a consortium partner in South City Projects, jointly developed with Sureka Group and other partners. The South City Mall and South City development have been partially divested to Blackstone's Nexus Select Trust as part of the consortium's asset-light strategy.
• Shrachi GroupcoreStrategic or Co-development PartnerShrachi Group is a consortium partner in South City Projects, contributing to the joint development of South City Mall and related Kolkata assets alongside Sureka Group, Merlin Group, Emami Group, and others.
• Park Chambers GroupminorStrategic or Co-development PartnerPark Chambers Group is listed as a consortium partner in South City Projects alongside Sureka Group, Merlin Group, Emami Group, and Shrachi Group.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• DLF Limited: India's largest real estate developer with a pan-India residential, commercial, and retail portfolio. DLF operates as a broad incumbent in the same developer category as Sureka, with national scale and brand recognition that dwarfs Sureka's regional footprint.
• Lodha Group (Macrotech Developers): National real estate developer with strong presence in Mumbai metropolitan region and expanding into Pune, Bengaluru, and London. Competes with Sureka in the premium and luxury residential segments with much larger project scale and broader geographic reach.
• Godrej Properties: Pan-India listed real estate developer with diversified residential and commercial projects across major Indian cities. Comparable to Sureka in operating as a multi-city developer across price segments, though at substantially larger scale and with public-market access.
• Tata Housing: National real estate developer backed by the Tata Group, operating across affordable, mid-market, and premium housing segments in major Indian cities. Tata Housing competes with Sureka's broader brand and credibility positioning while offering greater institutional backing.

Regional players

• Prestige Group: Bengaluru-headquartered developer with pan-South India presence spanning residential, commercial, retail, and hospitality segments. Similar mid-sized scale and tiered portfolio strategy to Sureka, but concentrated in southern markets rather than eastern India.
• Brigade Group: South India-focused real estate developer headquartered in Bengaluru with residential, commercial, hospitality, and retail projects across Karnataka, Tamil Nadu, Telangana, and Kerala. Comparable scale and multi-segment approach to Sureka, but operates in a different geography without direct market overlap.

Direct peers

• PS Group: Established Kolkata-based real estate developer with residential and commercial projects across West Bengal and other eastern markets. PS Group competes directly with Sureka in mid-market and affordable housing segments in the Kolkata metropolitan area.
• Emami Group: Kolkata-based diversified conglomerate with a real estate arm that co-promotes South City Projects with Sureka Group. Emami's real estate division directly competes in the premium residential and mixed-use segments in eastern India.
• Merlin Group: Kolkata-headquartered real estate developer with 35+ years of experience and a directly comparable portfolio of residential, commercial, and mixed-use projects. Merlin is Sureka's primary consortium partner on South City, Urbana, and Springville Greens (Bhubaneswar), and competes head-to-head for the same eastern Indian buyer segments.
• Shrachi Group: Kolkata-headquartered developer with diversified real estate operations across residential, commercial, and hospitality segments. Shrachi is a South City consortium partner alongside Sureka and targets overlapping eastern Indian buyer demographics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=GohwRTVCsII
• Xx.com/surekagroup
• Facebookfacebook.com/surekagroup
• LinkedInlinkedin.com/company/surekagroup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sureka Group