Sunteck Realty eyes Rs 1,000 crore revenue from 4 new projects
Projects to be launched in Mumbai this quarter
Jan 23, 2015
Source : The Economic Times


NEW DELHI: Sunteck Realty today said it is expecting sales revenue of Rs 1,000 crore over the next two-and-a-half years from the launch of four new projects in Mumbai this quarter. 

"Sunteck Realty is going to launch four projects in Borivali, Andheri, Bandra Kurla Complex and Navi Mumbai this quarter. The total development of about 1 million sq ft for the proposed projects will translate into a revenue potential of over Rs 1,000 crore in the next 2-2.5 years," the company said in a statement. 

Commenting on the new launches, company's Chairman and Managing Director Kamal Khetan said these launches have been an extension of its strategy to provide premium residential projects in robust micro markets of Mumbai. 

Mumbai-based Sunteck Realty has development portfolio of about 25 million sq ft spread across 24 projects at various stages of development and 4 rented assets. 

Of the said portfolio, the company within a span of four years has completed six projects with a developed area of about 2 million square feet comprising of residential and commercial developments. 

Sunteck's share price closed at Rs 263.20 apiece on the BSE, up 6.80 per cent from the previous closing.

Latest Realty News

Jan 23, 2015
Davos: Real Estate Investment Trusts or REITs will be a "booster rocket" for investments coming into India and realty players are awaiting more clarity on the proposed new instrument
Jan 23, 2015
MUMBAI: Property consultancy firm JLL India's investment arm JLL Segregated Funds Group is planning to raise its second real estate fund with a total target size of Rs 300 crore
Jan 23, 2015
NEW DELHI: Bengaluru is the most livable city in the country, followed by Mumbai and Chennai, a survey said
Jan 23, 2015
Pune: Pune-based real estate player Kolte Patil Developers is planning to invest Rs 3,000 to 3,500 crore in 13 new projects in the city
Jan 23, 2015
Ahemadabad: After banks and private vault players, Godrej Security Solutions is now looking to tap the real estate industry with its advanced security products
Jan 23, 2015
Chandigarh: The realty market in Chandigarh is subdued even after the 25 basis points rate cut announced by the Reserve Bank of India last week
Jan 22, 2015
Mumbai: Capital market regulator Sebi has directed promoter group entities of Brand Realty Services to make a public announcement for acquiring additional shares in the company
Jan 22, 2015
Delhi: The National Buildings Construction Corporation (NBCC) is planning to construct the Capital’s first 100-storey building in Karkardooma, East Delhi, over the next three to four years
Jan 22, 2015
Guwahati: Assam Chief Minister Tarun Gogoi today said his government is drafting a new Land Acquisition Bill for the state
Jan 22, 2015
Chennai: Indostar Capital Finance Ltd and Reliance Capital Ltd have invested `200 crore in Alliance group, a real estate company

Latest Realty News Of State

Realty Talk's