Sunteck Realty to acquire 50-acre land in Vasind, Mumbai for residential project
Sunteck Realty has planned to acquire a 50-acre land parcel in Vasind, Mumbai to develop a residential project. The project will have a revenue potential of ₹1,250 crore. Kamal Khetan, Chairman and MD of Sunteck Realty, informed that the second strategic acquisition amidst the pandemic complements the strategy to strengthen the brand presence. The new project will be residential, catering to the affordable segment of the housing sector. The Mumbai-based Sunteck realty player is a luxury real estate building major with a portfolio of about 31 million square feet spread across 26 projects and the newest acquisition reflects its differentiated development philosophy of focusing on strategic locations.
📅Published on:
22 October 2020
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