SRL acquired a large 50-hectare project in Vasai (west) near the Suruchi coast
~ 4.5 msf noticeable area. The company plans to build apartments with sea views as well as the terraced houses / bungalows in the project over the next five to seven years. of widespread western suburbs of the MMR (Mira Road and beyond) in them usually ASP Range INR 4 500-5 000 / sft. However: (a) The SRL market is considered; (b) see view property; and (c) the extraordinary success of the Naigaon project business, viz order performance higher than 5000 INR / sft, SRL believes this project can rule the premise. It has a ~ 74% share of project revenues. SRL is a real estate developer based in Mumbai involved in construction and development residential and commercial real estate. Most of its provincial banks are located in Mumbai balance Nagpur, Goa and Jaipur. His land bank has already passed direct purchase and JDA / JV from landowners. Residential development serves parts buyers In one of the largest real estate stores to block, Sunteck Realty heard about a major project. 50 acres in Vasai (west), with robust development potential. 4.5 million square feet in the main metropolitan area of Mumbai (MRD). The project has potential revenues of Rs 5,000 million over the next 5-7 years, which further strengthens the company's cash flow and balance. Overlooking the Arabian Sea, the project - located in the center of Vasai (west) - is ready to cause a revolution in this upcoming MMR micro-market. This project will be a major complement to Sunteck projects such as Signature Island at Bandra Kurla (BKC), SunteckCity at Oshiwara District Center (ODC) and SunteckWorld in Naigaon. Kamal Khetan, CMD, Sunteck Realty, said: “This project is a perfect example of our philosophy of creating value-added research-based acquisitions. The project will focus more on the middle-income segment, especially the location of the Covid-19 scenario, as it meets the evolving needs of customers: residential neighborhoods that today meet a luxurious lifestyle and meet the demands of working from home. "Despite the initial economic slowdown and the subsequent impact of Covid-19, Sunteck has continued to grow and its commitment to home buyers to deliver quality homes. We will continue to do so," he added. SURUCHI BEACH
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