Sunteck Realty eyes Rs 9,000 cr revenue in 7-8 years from new township project

Sunteck Realty eyes Rs 9,000 cr revenue in 7-8 years from new township project

PTIUpdated: Thursday, September 16, 2021, 04:42 PM IST
article-image
Sunteck Realty will develop a luxury integrated residential township in this location under the asset-light JDA (joint development agreement) model with Amar Dye Chem Ltd./Representative image | proptiger

Sunteck Realty on Thursday said it will develop an integrated township in Mumbai Metropolitan Region (MMR) and is expecting a revenue of Rs 9,000 crore over the next 7-8 years.

In a regulatory filing, the company said it plans to develop around 50-acre land parcel at Shahad (Kalyan).

The company will develop a luxury integrated residential township in this location under the asset-light JDA (joint development agreement) model with Amar Dye Chem Ltd.

"The project is expected to generate a top line of around Rs 9,000 crore over the next 7-8 years, further strengthening the cash flow and the balance sheet of the company," Sunteck said.

The company had added projects worth 18 million square feet since the COVID pandemic.

Sunteck Realty focuses on a city-centric development portfolio of about 38 million square feet spread across 19 projects.

RECENT STORIES

ITR Refund Delay Explained, Know The Key Reasons Behind The Hold-Up

ITR Refund Delay Explained, Know The Key Reasons Behind The Hold-Up

Sahara Group’s Anil Abraham, Property Broker JP Verma Held In Money Laundering Probe: Enforcement...

Sahara Group’s Anil Abraham, Property Broker JP Verma Held In Money Laundering Probe: Enforcement...

Lodha Developers Eyes ₹1,500 Crore Rental Income By FY31, To Offset Interest And Salary Costs: MD...

Lodha Developers Eyes ₹1,500 Crore Rental Income By FY31, To Offset Interest And Salary Costs: MD...

DLF Chairman Rajiv Singh’s Pay Jumps 34% To ₹36.65 Crore, Performance-Based Bonuses Drive...

DLF Chairman Rajiv Singh’s Pay Jumps 34% To ₹36.65 Crore, Performance-Based Bonuses Drive...

Strong Demand For Travel Food Services IPO, Grey Market Signals Mild Premium On Listing

Strong Demand For Travel Food Services IPO, Grey Market Signals Mild Premium On Listing