New Delhi: Apartments worth Rs 500 crore each will now be available in Mumbai. These will be the most expensive apartments in the country. Mumbai-based real estate company Sunteck Realty Ltd is building ultra-luxury apartments. The company has announced plans to launch two major projects one in Mumbai and the other in Dubai. Kamal Khetan is the chairman and managing director of this real estate company. What is the companys plan? Sunteck Realty is a well-known name in real estate. The company was founded in 1981 and is listed on the stock market. Kamal Khetan has announced plans to build Indias most expensive apartment. The price of this apartment is reported to be Rs 500 crore. It will be Indias most expensive housing project. Regarding his new project Kamal Khaitan said We are entering the ultra-luxury residential project segment and creating a new brand called Emans which will establish itself globally. Included in the worlds most expensive apartments These apartments from Kamal Khaitans company will be among the worlds most expensive. The Mumbai project will be built on Nepeansea Road. The Dubai project will be located in Downtown Dubai very close to the famous Burj Khalifa. Both projects are scheduled to launch in June 2026. The construction cost of these projects is estimated to be around Rs 20000 crore. Prices of these homes could reach up to Rs 2.5 lakh per square foot. What is the companys market cap? Sunteck Realty primarily develops commercial and residential projects in and around Mumbai. Its headquarters are also in Mumbai. The company has completed 32 projects so far. These projects span a total of 52.5 million square feet. The company has provided homes to over 10000 families in Mumbai. The companys stock closed at Rs 414.95 on Tuesday 30 September 2025 down 1.61%. The companys stock has not delivered impressive returns. It has fallen by about 28% in a year. However it has gained 8% in the past month. The stocks 5-year return has been approximately 57%. According to the BSE website the companys market cap is Rs 6078.56 crore. What is Kamal Khetans net worth? Kamal Khetan is an engineer. He worked in his familys construction business before entering real estate in 1999. Kamal Khaitan has appeared twice on the Forbes India Rich List. Under his leadership the company has completed several major projects including the business centre in Mumbais Bandra-Kurla Complex. No official information is available about Kamal Khaitans net worth. However some websites estimate his net worth at around $500 million (approximately Rs 4441 crore). Kamal Khaitans source of income is his real estate business and investments in various companies. HIGHLIGHTS Kamal Khetan’s company will build Ultra Luxury Apartments worth Rs 500 crore each in Mumbai. These will be the most expensive apartments in the country. Mumbai-based real estate company Sunteck Realty Ltd is building ultra-luxury apartments. The company has announced plans to launch two major projects one in Mumbai and the other in Dubai. Sunteck Realty is a well-known name in real estate. The company was founded in 1981 and is listed on the stock market. Kamal Khetan has announced plans to build Indias most expensive apartment. The price of this apartment is reported to be Rs 500 crore. It will be Indias most expensive housing project.