Sunteck Realty Signs 7.25 acre JV Deal in Beverly Park, Mira Road Mumbai

Sunteck Realty Signs 7.25 acre JV Deal in Beverly Park, Mira Road Mumbai

Sunteck Realty Expands Mumbai Portfolio with Major Land Acquisition in Mira Road. Sunteck Realty, a leading luxury real estate developer in India, has secured a significant land parcel in Mira Road, Mumbai, through a joint development agreement (JDA). Sunteck Realty has signed a JV Deal at Mira Road for a 7.25 acre land parcel.

• Project Highlights:

  • Location: Beverly Park, Mira Road (7.25 acres)
  • Development Potential: Approx. 2.5 million sq ft of built-up area
  • Estimated Revenue Potential: Around Rs 3,000 crore
  • Transaction Partner: JLL

• Post-Pandemic Growth:

  • This acquisition adds to Sunteck Realty’s recent acquisitions totaling 25.5 million sq ft across various locations in Mumbai.
  • The company’s total development portfolio now stands at 52.5 million sq ft across 20 projects.

• Industry Context:

  • Nishant Kabra, co-head of Capital Markets (West India) at JLL, observes a rise in JDA models and consolidation within the residential market.

Overall, this strategic land acquisition strengthens Sunteck Realty’s position as a major player in Mumbai’s western suburbs and caters to the growing demand for luxury residential developments.

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