Sunteck Realty inks 50 acre JV Deal in Shahad, Kalyan with Amar Dye Chem

Sunteck Realty inks 50 acre JV Deal in Shahad, Kalyan with Amar Dye Chem

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3 year(s) ago

Sunteck Realty Expands Eastward with Luxury Township Project in Kalyan. Sunteck Realty announced plans for a new luxury residential project in Mumbai’s eastern suburbs. Sunteck Realty inks 50-acre JV Deal in Shahad, Kalyan, mumbai with Amar Dye Chem

Project Details:

  • Location: Shahad (Kalyan), Mumbai
  • Land Area: Approximately 50 acres
  • Development Model: Asset Light Joint Development Agreement (JDA) with Amar Dye Chem Ltd
  • Project Type: Integrated residential township
  • Estimated Development Potential: 10 million sq ft
  • Projected Revenue: Rs 9,000 crore over 7-8 years

Significance:

  • This project marks Sunteck Realty’s entry into the eastern suburbs of the Mumbai Metropolitan Region (MMR), complementing their existing portfolio in the western suburbs.
  • The large-scale development strengthens Sunteck’s presence in the MMR and is expected to generate significant revenue over the coming years.
  • Kamal Khetan, Chairman of Sunteck Realty, highlights the project as an example of the company’s strategic expansion during market consolidation.

Additional Information:

  • This is Sunteck Realty’s fourth project acquisition since the COVID-19 pandemic, following projects in Vasai, Vasind, and Borivali.

This announcement signals Sunteck Realty’s growing confidence in the Mumbai real estate market and their commitment to offering high-end residential developments across various locations.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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