Sunteck Realty Signs JDA for Luxury Project in Mira Road, Mumbai
Sunteck Realty (SRL) has signed a joint development agreement (JDA) to develop a 3.5-acre land parcel on Mira Road along the Western Express Highway, near Mumbai. This strategic move underscores the company's commitment to high-growth corridors and its vision to transform Mira Road into a premium lifestyle destination.
The project spans 13,500 square meters and offers a development potential of 5.5 lakh square feet of carpet area, with an estimated gross development value (GDV) of Rs 1,200 crore. SRL Chairman and Managing Director Kamal Khetan emphasized the company’s focus on high-growth corridors like Mira Road, which boasts robust infrastructure, excellent connectivity, and is poised for transformation into a premium lifestyle destination.
Mira Road is rapidly emerging as a high-absorption residential market within the Mumbai Metropolitan Region (MMR). This is driven by access to educational institutions, healthcare, retail hubs, and green spaces, catering to the rising demand for premium, well-connected residential developments. The project enjoys direct highway frontage and proximity to Metro Line 9 (Miragaon Station), Dahisar and Mira Road railway stations, further enhancing its appeal.
Upcoming infrastructure projects, including the Borivali-Thane Tunnel and Coastal Road Extension, are expected to further enhance connectivity and investment appeal. These projects will not only improve transportation but also attract more residents and investors to the area, solidifying Mira Road's position as a key residential and commercial hub.
Sunteck Realty, known for its high-quality projects and commitment to excellence, is confident that this new development will set a new benchmark in the real estate market. The company's focus on sustainable and eco-friendly practices will ensure that the project not only meets but exceeds the expectations of modern homeowners and investors.
With a strong track record of successful projects and a deep understanding of the local market, Sunteck Realty is well-positioned to deliver a project that will redefine the living experience in Mira Road. The company's dedication to creating communities that enhance the quality of life for its residents is evident in every aspect of the project, from its design to its amenities.
In conclusion, the joint development agreement for the luxury project in Mira Road represents a significant step forward for Sunteck Realty and the Mira Road community. With robust infrastructure, excellent connectivity, and a focus on premium living, this project is set to become a benchmark in the real estate sector.
