Sunteck Realty acquires 50 acre in Mumbai’s Vasai
Real Estate

Sunteck Realty acquires 50 acre in Mumbai’s Vasai

In one of the biggest real estate deals post the COVID lockdown, luxury developer Sunteck Realty has acquired a prime project of approximately 50 acre in the Vasai (West), having a development potential of about 4.5 mn sq ft in the Mumbai Metropolitan Region (MMR) area. According to the company, the project will have a revenue potential of Rs.50 bn over the next five to seven years, further strengthening the cash flow and the balance-sheet of the company. With its unobstructed view of the Arabian Sea, the project is set to give a facelift to this upcoming micro-market in the MMR, said a release by the company. The location has excellent connectivity, upcoming infrastructure developments and all major amenities around it.

Contact: Prashant Chaubey / Raunaq Rathi, Investor Relations, Sunteck Realty.

Tel: 022-4287 7800.

E-mail: ir@sunteckindia.com

Website: www.sunteckindia.com

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