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.
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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.
