- Business
- Sterling Greenwoods Limited engages in real estate development and resort operations primarily in India. The company operates through two main segments, Resort and Membership, and Real Estate Business; it develops and sells plotted residential lands ranging from 150 to 500 square yards on net carpet area in the vicinity of Ahmedabad, alongside group apartments, commercial complexes, bungalows, row-houses, tenements, clubs, and resorts, with notable projects including Greenwoods Lake Resort offering dining, banquet halls, boating, swimming pools, and entertainment facilities. Founded in 1965 as a partnership firm by civil engineer B. Kumar and converted to a public limited company in 1992 with headquarters in Ahmedabad, Gujarat, the group has completed over 50 projects including landmark developments such as Sunrise Park Township, Sterling Multi-specialty Hospital, and Greenwoods Garden City Complex spanning more than 2,500 plots. Its subsidiary, Sterling Resorts Private Limited, supports resort activities. Recent financial results for the quarter and year ended March 31, 2024, were adopted by the board along with auditor's reports, reflecting ongoing operational focus amid a challenging market environment with reported net losses in fiscal 2022 and 2023.