Sunteck Realty acquires ~7.25 acres land parcel in Beverly Park, Mira Road

12 Sep 2022 , 09:33 AM

Sunteck Realty Limited, India’s top luxury real estate developer, has acquired a 7.25-acre upscale land block in Beverly Park, Mira Road, using the JDA model.

The project is anticipated to have a development potential of around 2.5 million square feet of built-up area and a revenue potential of approximately Rs3,000 crore.

The project is in a fantastic location, Beverly Park on Mira Road. Sunteck intends to build magnificent houses that will combine quality shopping with an exceptional lifestyle. The well-connected infrastructure contributes to a more holistic way of life.

Sunteck Realty Ltd has been one of the major acquirers of projects post-pandemic, with various purchases totaling 25.5 million square feet, including Borivali West, Vasai West, Shahad-Kalyan, Vasind, Pen-Khopoli, and recently Beverly Park, Mira Road. The whole development portfolio now stands at 52.5 million square feet spread across 20 projects.

Sunteck’s foothold in the MMR industry, as well as its reputation as one of the fastest growing companies, has been bolstered as a result of this.

Sunteck has developed a solid footing in Mumbai’s western suburbs through constant acquisitions and has emerged as one of the industry’s major companies.

It has produced luxury across all categories to meet changing customer demands for a better lifestyle.

The transaction partner for this joint development was JLL, the country’s preeminent and biggest professional services business specialising in real estate and investment management.

At around 9.36 AM, Sunteck Realty was trading at Rs463.75 up by 1.09% from its previous closing of Rs458.75 on the BSE. The scrip opened at Rs470 and touched intraday high and low of Rs470.35 and Rs462.75 respectively.

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