Sunteck acquires 7.25 acres land parcel near Mumbai

Sunteck Realty has entered into a joint development agreement (JDA) to undertake a 2.5 million square feet project on a 7.25-acre land parcel in Mira Road near Mumbai. The project is estimated to have a total revenue potential of around Rs 3,000 crore. The company has entered into partnership with JLL, a firm specialising in real estate and investment management for this land parcel in the Beverly Park locality of Mira Road. We have continued with our strategy to acquire projects at prime pockets of MMR and create value for our stakeholders. This acquisition is very salient for us as this project is in one of the best locations with beautiful scenic views. We envisage to create the most luxurious lifestyle residential apartments with unmatched amenities never experienced before in that micro market. We will continue to maintain and build luxury in its true sense with every project we do said Kamal Khetan, chairman of Sunteck Realty.