Latest news with #SunteckRealty
Time of India
5 days ago
- Business
- Time of India
Sunteck Realty to jointly develop 3.5 acres land in Mumbai
NEW DELHI: Sunteck Realty ( SRL ) has entered into a joint development agreement (JDA) for a project on the land admeasuring approximately 3.5 acres (13,500 sq meters), situated at Mira Road , Mumbai . The company expects to generate a sale component of approximately 5.5 lakh sq ft carpet area from the development of this land parcel. The projected gross development value (GDV) of the project is estimated at ₹1,200 crore.
Time of India
6 days ago
- Business
- Time of India
Sunteck Realty inks joint development pact for Rs 1,200 cr project in Mira Road
Realty developer Sunteck Realty has entered into a joint development agreement to develop a land parcel spread over 3.5 acres in Mira Road near Mumbai. The plot on Western Express Highway has development potential of 550,000 sq ft carpet area with estimated gross development value of Rs 1,200 crore. This will be the company's second project in this micro market as it is already developing another 7-acre land parcel, which has a total development and revenue potential of 2 million sq ft and Rs 2,750 crore, respectively. "This joint development agreement reinforces our commitment to expanding in high-potential growth corridors of Mumbai Metropolitan Region,' said Kamal Khetan, Chairman and Managing Director of Sunteck Realty. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo The company recently reported a 31% year-on-year increase in pre-sales for the first quarter of 2025–26, reaching Rs 657 crore. Collections during the quarter stood at around Rs 351 crore. The listed company's operating profit for the quarter rose 52% year-on-year to Rs 48 crore, while net income increased 47% to Rs 33 crore. Sunteck Realty focuses on a city-centric development portfolio of over 52.5 million sq ft spread across 32 projects. Live Events
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Business Standard
6 days ago
- Business
- Business Standard
Sunteck Realty to develop Mira Road land parcel with ₹1,200 crore GDV
Sunteck Realty will develop a 3.5-acre land parcel in Mira Road with a GDV of Rs 1,200 crore, expanding its footprint in the fast-growing Mumbai micro-market Mumbai Real estate firm Sunteck Realty has entered into a joint development agreement (JDA) to develop a 3.5-acre land parcel in Mumbai's Mira Road. The project is expected to have a gross development value (GDV) of ₹1,200 crore. The land parcel is located alongside the Western Express Highway and offers a development potential of around 5.5 lakh square feet of RERA carpet area. The company considers Mira Road a fast-emerging micro-market. It already has a premium-luxury project, Sunteck SkyPark, in the area, which has recorded sales of more than ₹1,000 crore. Kamal Khetan, chairman and managing director of Sunteck Realty, said: Located with direct highway frontage, the site is adjacent to the upcoming Metro Line 9 (Miragaon Station) and is expected to benefit from access to Dahisar and Mira Road railway stations. Moreover, upcoming infrastructure initiatives such as the Borivali–Thane Tunnel and the Coastal Road Extension are expected to further enhance connectivity, making the location more attractive for discerning homebuyers and investors, the company claimed. Earlier in May, the company was appointed as the developer for the redevelopment of a housing society in Mumbai's Andheri (East). The GDV of that project is estimated at ₹1,100 crore. It is expected to generate a free-sale area of approximately 2.75 lakh square feet for the company, Sunteck Realty stated. Additionally, earlier this month, the Mumbai-based firm reported a 46.75 per cent year-on-year (Y-o-Y) increase in net profit for the first quarter of the financial year 2026 (Q1 FY26), at ₹33.43 crore. The company's profit in Q1 FY25 was ₹22.78 crore. The firm's share listed on the Bombay Stock Exchange (BSE) closed at ₹437.75 per equity share on Wednesday (July 23). Its market capitalisation stands at approximately ₹6,412.56 crore.
Time of India
6 days ago
- Business
- Time of India
Sunteck Realty forms JV to develop Rs 1,200 crore worth housing project in Mumbai
Sunteck Realty Ltd has partnered with a landowner to develop a luxury housing project in Mumbai for Rs 1,200 crore. In a regulatory filing on Wednesday, Sunteck Realty informed that it is entering a Joint Development Agreement (JDA) for a project on the land admeasuring 3.5 acres situated at Mira Road on Western Express Highway, Mumbai. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Healthcare CXO others Digital Marketing Leadership Finance PGDM Project Management healthcare Data Analytics Cybersecurity Data Science Technology Degree Others MBA Public Policy Management Data Science Operations Management MCA Design Thinking Product Management Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details The company expects to generate a sale component of 5.5 lakh square feet RERA carpet area from the development of this land parcel. "The projected Gross Development Value (GDV) of the project is estimated at Rs 1,200 crore," the company said. Sunteck Realty is one of the leading real estate developers in the country.
News18
6 days ago
- Business
- News18
Sunteck Realty forms JV to develop Rs 1,200 cr worth housing project in Mumbai
Mumbai, Jul 23 (PTI) Sunteck Realty Ltd has partnered with a landowner to develop a luxury housing project in Mumbai for Rs 1,200 crore. In a regulatory filing on Wednesday, Sunteck Realty informed that it is entering a Joint Development Agreement (JDA) for a project on the land admeasuring 3.5 acres situated at Mira Road on Western Express Highway, Mumbai. The company expects to generate a sale component of 5.5 lakh square feet RERA carpet area from the development of this land parcel. 'The projected Gross Development Value (GDV) of the project is estimated at Rs 1,200 crore," the company said. Sunteck Realty is one of the leading real estate developers in the country. PTI MJH MJH SHW First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
