Sunteck Realty plans JDA to develop 10 mn sq ft at Shahad in Kalyan

Sunteck Realty is planning to develop a marquee ~50-acre land parcel at Shahad in Kalyan, Maharashtra. The company would develop an aspirational luxury integrated residential township in this location, under the asset light JDA model with Amar Dye Chem. The project is expected to generate a top-line of around Rs.90 bn over the next seven to eight years, further strengthening the cash flow and the balance sheet of the company. While Sunteck Realty has a strong portfolio in the Western suburbs of the MMR, this project addition will strengthen the company’s portfolio in Eastern markets of the MMR as well. 

Contact: Sunteck Realty.

Website: www.sunteckindia.com