Sunteck Realty Launches Rs 1,200 Crore Luxury Housing Project in Mumbai
Sunteck Realty, a leading real estate developer, has partnered with a landowner to develop a luxury housing project in Mumbai worth Rs 1,200 crore, covering 5.5 lakh square feet of RERA carpet area.
Real EstateLuxury HousingMumbaiSunteck RealtyReraReal Estate MumbaiJul 23, 2025
In a regulatory filing, Sunteck Realty detailed the specifics of the project. The company is entering into a Joint Development Agreement (JDA) to develop the land parcel. The project is strategically located in Mira Road, a rapidly growing suburb of Mumbai, known for its connectivity and infrastructure. The Western Express Highway provides easy access to various parts of the city, making the location highly desirable for residential development.
The projected Gross Development Value (GDV) of the project is estimated at Rs 1,200 crore. This significant investment underscores Sunteck Realty's commitment to delivering high-quality, luxury housing options in Mumbai. The project is expected to attract a wide range of buyers, including young professionals, families, and investors looking for premium real estate opportunities.
Sunteck Realty has a strong track record in the real estate sector, with a portfolio of successful projects across various segments. The company's expertise in luxury housing and its focus on sustainable development practices have earned it a reputation for excellence. The new project in Mira Road is expected to set new benchmarks in the luxury housing market, offering modern amenities, superior construction quality, and a premium living experience.
The development of the project is expected to create numerous jobs and boost the local economy. Sunteck Realty is committed to working closely with the local community and adhering to all regulatory requirements to ensure the project's success and sustainable growth.
As the real estate market in Mumbai continues to evolve, Sunteck Realty's Rs 1,200 crore project is poised to make a significant impact. The company's strategic partnerships and innovative approach to development are key factors in its continued success in the competitive real estate landscape.
Frequently Asked Questions
What is the value of the new housing project by Sunteck Realty in Mumbai?
The new housing project by Sunteck Realty in Mumbai is valued at Rs 1,200 crore.
Where is the project located?
The project is located on 3.5 acres of land in Mira Road, on the Western Express Highway in Mumbai.
What is the expected saleable area of the project?
The project is expected to generate a saleable area of 5.5 lakh square feet under the RERA carpet area.
What is the projected Gross Development Value (GDV) of the project?
The projected Gross Development Value (GDV) of the project is estimated at Rs 1,200 crore.
What is Sunteck Realty's reputation in the real estate sector?
Sunteck Realty is known for its expertise in luxury housing and sustainable development practices, with a strong track record of successful projects across various segments.
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