Sunteck buys 7 acre for luxury project in Mumbai
Company News

Sunteck buys 7 acre for luxury project in Mumbai

Sunteck Realty Limited, has secured a marquee approximately 7 acres of land in Borivali (West) in Mumbai. Sunteck Realty Limited will develop a luxury residential project in the upmarket residential locality. JLL India was the exclusive transaction partner for the joint venture.

Acquired under the asset light Joint Development Agreement (JDA) model the residential project will have approximately 1 million sq ft of development potential. It is expected to generate a project top line of around Rs 1,750 crore over the next 4-5 years.

Borivali (West), a northern suburb of Mumbai, enjoys good road and rail connectivity and social infrastructure. The upcoming metro line 2A runs through the suburb, connecting Dahisar to DN Nagar and further to other parts of the city via multiple lines. The Coastal Road Project will also significantly reduce travel time.

Sunteck Realty Limited (SRL) is a Mumbai-based luxury real estate development company.

JLL is a professional services firm that specialises in real estate and investment management.

Written from a company news release.

Image: Sunteck Signia High, Borivali East

Sunteck Realty Limited, has secured a marquee approximately 7 acres of land in Borivali (West) in Mumbai. Sunteck Realty Limited will develop a luxury residential project in the upmarket residential locality. JLL India was the exclusive transaction partner for the joint venture. Acquired under the asset light Joint Development Agreement (JDA) model the residential project will have approximately 1 million sq ft of development potential. It is expected to generate a project top line of around Rs 1,750 crore over the next 4-5 years. Borivali (West), a northern suburb of Mumbai, enjoys good road and rail connectivity and social infrastructure. The upcoming metro line 2A runs through the suburb, connecting Dahisar to DN Nagar and further to other parts of the city via multiple lines. The Coastal Road Project will also significantly reduce travel time. Sunteck Realty Limited (SRL) is a Mumbai-based luxury real estate development company. JLL is a professional services firm that specialises in real estate and investment management. Written from a company news release.Image: Sunteck Signia High, Borivali East

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000