Mumbai: Sunteck Realty, based in Mumbai, has signed a joint development agreement to develop a 3.5-acre land plot in Mira Road, Mumbai. The initiative, projected to have a gross development value (GDV) of Rs 12 billion, will contribute around 5.5 lakh square feet of usable space to the company’s assets.
The land area, approximately 13,500 square metres, is conveniently situated along the Western Express Highway, providing superb connectivity through the future Metro Line 9 and being close to Dahisar and Mira Road train stations.
This signifies Sunteck's ongoing growth in the Mira Road micro-market, where its current high-end project, Sunteck SkyPark, has achieved total sales exceeding Rs 10 billion.
The new development will include contemporary facilities and sweeping vistas of the Sanjay Gandhi National Park. Infrastructure improvements like the Borivali-Thane tunnel and the Coastal Road extension are anticipated to enhance the area's attractiveness for both homebuyers and investors.
Sunteck Realty, located in Mumbai, has signed a joint development agreement (JDA) for the development of a 3.5-acre plot in Mira Road, Mumbai. The initiative, with an anticipated gross development value (GDV) of Rs 12 billion, will introduce around 5.5 lakh square feet of carpet area to the firm's portfolio. The land parcel, covering approximately 13,500 square metres, is strategically positioned along the Western Express Highway, providing excellent connectivity through the forthcoming Metro Line 9 (Miragaon Station), along with closeness to Dahisar and Mira Road railway stations. This signifies Sunteck’s ongoing growth in the Mira Road micro-market, where its current premium project, Sunteck SkyPark, has already achieved total sales exceeding Rs 10 billion. The new development will offer contemporary amenities and sweeping views of the Sanjay Gandhi National Park. Improvements in infrastructure like the Borivali-Thane tunnel and the Coastal Road expansion are anticipated to enhance the attractiveness of the area for buyers and investors.
