Sunteck Realty Signs JV Deals in Borivali West, Mumbai for Luxury Project

Sunteck Realty Signs JV Deals in Borivali West, Mumbai for Luxury Project

Sunteck Realty Limited has announced a joint venture deal in Borivali west to develop a luxury residential project in Mumbai. This JV Deal in Mumbai is executed by JLL India.

• Key Details:

  • Land area: 7 acres
  • Development potential: 1 million sq ft
  • Project value: Estimated top line of Rs 1,750 crore over 4-5 years
  • Project type: Luxury residences with potential sea views

• Significance:

  • Strengthens Suntec k’s presence in Mumbai’s western suburbs
  • Expected to be a landmark development in the Borivali West micro-market

• Additional Information:

  • JLL India acted as the exclusive transaction partner for the joint venture.
  • The project will be developed under the asset light JDA model.

• Quotes:

  • Kamal Khetan (Sunteck Realty): “This development shall provide an opportunity to curate a unique and world-class residential product. We shall bring in our best-in-class construction and development capabilities of luxury living.”
  • Nishant Kabra (JLL India): “Mumbai’s western suburbs continue to remain one of the most dominant and active end-user residential markets in the country. Stronger brands should continue to observe aggressive sales going ahead.”

Overall, this joint venture signifies Sunteck Realty’s commitment to developing high-end residential projects in Mumbai.

 

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