Sunteck Realty acquires prime project of around 50 acres in posh location of Vasai
22nd Jul 2020

Sunteck Realty has acquired a prime project of approximately 50 acres in the posh location of Vasai (West), having a development potential of approximately 4.5 mn sq.ft in the prime Mumbai Metropolitan Region (MMR). The project will have a revenue potential of Rs 5,000 crore (Rs 50 Billion) over the next 5-7 years, further strengthening the cash flow and the balance sheet of the company. With its captivating and unobstructed view of the Arabian Sea, the project – standing out in the heart of Vasai (West) - is all set to give a facelift to this upcoming micro-market in the MMR. The location also boasts of excellent connectivity, upcoming infrastructure developments and all major amenities around it.

Here too, the company will follow it successful strategy and bring out the potential of the location to its maximum. This project will be a key addition to company’s strong growth engines like ‘Signature Island’ at Bandra Kurla Complex (BKC), ‘SunteckCity’ at Oshiwara District Centre (ODC), Goregaon (West) and ‘SunteckWorld’ at Naigaon. The company will break all existing benchmarks of luxury lifestyle and provide the right offering for mid-income homebuyers, which will drive volume and garner the maximum potential to the project.

Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.