Sunteck Realty Unveils ₹1,200 Crore GDV JDA Project on Mira Road, Mumbai
Sunteck Realty Ltd (SRL) announces a joint development agreement (JDA) for a 3.5-acre project on Mira Road, near Mumbai, with a development potential of 5.5 lakh sq ft and an estimated GDV of ₹1,200 crore.
Mumbai Real EstateSunteck RealtyMira RoadJoint Development AgreementLuxury ResidentialReal Estate MumbaiJul 23, 2025
This JDA reinforces our commitment to expanding in high-potential growth corridors of MMR. Mira Road, with its robust infrastructure pipeline and superior connectivity, offers an ideal canvas for creating a landmark luxury residential development. As seen with Sunteck SkyPark, we believe in transforming locations into lifestyle destinations. With this new development, we aim to deliver living experiences that elevate the value of the entire neighbourhood, said Kamal Khetan, chairman and managing director of Sunteck Realty Ltd.
The project has direct highway frontage and is adjacent to the upcoming Metro Line 9 (Miragaon Station) and has access to Dahisar and Mira Road railway stations. Upcoming infrastructure initiatives like the Borivali-Thane Tunnel and the Coastal Road Extension will further elevate connectivity, making the location even more desirable for discerning homebuyers and investors, the company said in a statement.
Mira Road has emerged as a high-absorption residential market in the Mumbai Metropolitan Region (MMR), backed by proximity to reputed educational institutions, healthcare centres, retail hubs, and green belts. With a growing demand for premium, well-connected living, the per-square-feet price for residential apartments in Mira Road, with exceptions, is ₹10,000 to ₹15,000.
Sunteck Realty's commitment to this project underscores the company's strategic focus on leveraging prime locations to create value for both homebuyers and investors. The new development is expected to set a new benchmark for luxury living in the region, further solidifying Mira Road's position as a preferred residential destination.
Frequently Asked Questions
What is the estimated GDV of the new project by Sunteck Realty?
The estimated Gross Development Value (GDV) of the new project by Sunteck Realty on Mira Road is ₹1,200 crore.
Where is the new project located?
The new project is located on Mira Road, near Mumbai, along the Western Express Highway.
What is the total area of the project?
The project is spread across 3.5 acres (13,500 sq m) of land.
What infrastructure developments will enhance the project's connectivity?
The project will benefit from upcoming infrastructure initiatives such as the Borivali-Thane Tunnel and the Coastal Road Extension, in addition to its proximity to the upcoming Metro Line 9 (Miragaon Station) and the Dahisar and Mira Road railway stations.
What is the current per-square-feet price range for residential apartments in Mira Road?
The per-square-feet price for residential apartments in Mira Road is currently in the range of ₹10,000 to ₹15,000.
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