Business

Sunteck Realty acquires 50 acres land in Thane for Affordable housing

Sunteck Realty

Sunteck Realty Ltd entered into an agreement to acquire approx 50-acre land parcel in Vasind. Sunteck is one of the India’s leading luxury developer based out of Mumbai.

The project will offer approximately 2.6 million square feet. Envisaged as a one of the large residential development under ‘Sunteck World’ brand in Thane District, the project will have a revenue potential of Rs. 1,250 crores (Rs. 12.5 Billion) spanning over next 4-5 years.

The company has been a trendsetter in creating iconic destinations such as the flagship project, Signature Island at Bandra Kurla Complex (BKC), Sunteck City in Oshiwara District Centre (ODC), Goregaon and SunteckWorld at Naigaon – the largest township of MMR’s western Suburbs.

Our strategy to strengthen our brand presence.

Commenting on the development, Mr. Kamal Khetan, Chairman and Managing Director, of Sunteck Realty Ltd said, “The second strategic acquisition amidst the pandemic complements our strategy to strengthen our brand presence.

He added that  ” Our Vasind acquisition reflects our differentiated development philosophy of focusing on strategic locations along the growth vector.

With the ongoing Covid-19 scenario, I believe our upcoming projects will continue to fulfill the emerging customer needs.

Mr. Kamal Khetan, Chairman and Managing Director,

 

The project will be largely residential, catering to the affordable segment. With the ongoing Covid-19 scenario, I believe our upcoming projects will continue to fulfill the emerging customer needs: residential premises that complements today’s lifestyle and suit the requirements for Work From Home.”

The company focuses on a city centric development portfolio of about 35 million square feet spread across 26 projects.

Located along the NH3

Apart from the affordability and expansive nature of the project, it is equally bestowed with a great locational connectivity, being strategically placed near the railway Station as well as located along the NH3 with access to key social and civic infrastructure in the area.

The project will be a key addition to Sunteck’s brand ‘SunteckWorld’

The project will be a key addition to Sunteck’s brand ‘SunteckWorld’ that boasts of Naigaon’s mega project success of Phase 1 Sunteck WestWorld and Phase 2 Sunteck MaxXWorld to its credit.

About Sunteck Realty:

Sunteck Realty Limited (SRL) is one of the fastest growing Mumbai-based luxury real estate development companies. SRL has an immaculate track record of having one of the lowest net Debt/Equity ratios, financial prudency and sustainable growth.

 

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