Sunteck Realty acquires plot near Mumbai for second home project
Real Estate

Sunteck Realty acquires plot near Mumbai for second home project

Sunteck Realty has purchased approximately 110 acres of land along the Pen-Khopoli Road as part of an asset-light joint development agreement (JDA) strategy to develop a second home project, according to a press release.

This property will be developed into plots and bungalows. The project is close to Pen City and has a 4-5 million sq ft development potential.

The company has acquired several projects in the Mumbai Metropolitan Region (MMR) over the last 18 months using the asset-light JDA model.

Kamal Khetan, chairman, Sunteck Realty said that they continue to make astute acquisitions and value-adding diversifications in the housing real estate market, confirming that the industry is consolidating behind branded, financially sound developers.

It recently purchased a 50-acre land parcel in Shahad (Kalyan) with the potential to develop a 10-million sq ft integrated residential township worth Rs 9,000 crore.

The company also bought a 50-acre land parcel in Vasai (West) with a development potential of 4.5 million square feet and a revenue potential of around Rs 5,000 crore, as well as a 2.6 million sq ft development in Vasind.

Image Source


Also read: Bengaluru development body nods Rs 4,500 cr for residential project

Sunteck Realty has purchased approximately 110 acres of land along the Pen-Khopoli Road as part of an asset-light joint development agreement (JDA) strategy to develop a second home project, according to a press release. This property will be developed into plots and bungalows. The project is close to Pen City and has a 4-5 million sq ft development potential. The company has acquired several projects in the Mumbai Metropolitan Region (MMR) over the last 18 months using the asset-light JDA model. Kamal Khetan, chairman, Sunteck Realty said that they continue to make astute acquisitions and value-adding diversifications in the housing real estate market, confirming that the industry is consolidating behind branded, financially sound developers. It recently purchased a 50-acre land parcel in Shahad (Kalyan) with the potential to develop a 10-million sq ft integrated residential township worth Rs 9,000 crore. The company also bought a 50-acre land parcel in Vasai (West) with a development potential of 4.5 million square feet and a revenue potential of around Rs 5,000 crore, as well as a 2.6 million sq ft development in Vasind. Image SourceAlso read: Bengaluru development body nods Rs 4,500 cr for residential project

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?