Sunteck Realty has acquired a prime project near Mumbai’s Lokhandwala, Off New Link Road, Andheri (West) with the potential for development of around 1.1 mn sq.ft in saleable area and a revenue of over Rs 2,500 crore in the next 4-5 years.
The project is acquired under the asset light Joint Development Agreement (JDA) model focused on establishing a strategic tie-up with credible partners, which will further strengthen the cash flow and balance sheet of the company.
Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.
