Sunteck buys 7 acre for luxury project in Mumbai

03 Apr 2021 Editorial Team

Sunteck Realty Limited, has secured a marquee approximately 7 acres of land in Borivali (West) in Mumbai. Sunteck Realty Limited will develop a luxury residential project in the upmarket residential locality. JLL India was the exclusive transaction partner for the joint venture.

Acquired under the asset light Joint Development Agreement (JDA) model the residential project will have approximately 1 million sq ft of development potential. It is expected to generate a project top line of around Rs 1,750 crore over the next 4-5 years.

Borivali (West), a northern suburb of Mumbai, enjoys good road and rail connectivity and social infrastructure. The upcoming metro line 2A runs through the suburb, connecting Dahisar to DN Nagar and further to other parts of the city via multiple lines. The Coastal Road Project will also significantly reduce travel time.

Sunteck Realty Limited (SRL) is a Mumbai-based luxury real estate development company.

JLL is a professional services firm that specialises in real estate and investment management.

Written from a company news release.

Image: Sunteck Signia High, Borivali East

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..