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Western Suburbs, Elevated: Sunteck’s JV Fuels Rs 3,000 Crore Development Vision

Updated: July 23, 2025 17:31

Image Source : Business Standard
Sunteck Realty Ltd has entered into a joint development agreement for a prime residential-led mixed-use project in Mumbai, reinforcing its aggressive growth strategy in the city’s western corridor.
 
Project overview:
 
- The JV covers a 7.25-acre land parcel in Mira Road, with a total development potential of 2.5 million sq ft
 
- Sunteck expects to generate a saleable component of approximately 5.5 lakh sq ft from the project
 
- The estimated gross development value (GDV) stands at Rs 3,000 crore over the next 4–5 years
 
- The development will be funded through internal accruals, maintaining the company’s asset-light model
 
Strategic context:
 
- This marks Sunteck’s continued expansion in the Mumbai Metropolitan Region, following recent acquisitions totaling 25.5 million sq ft
 
- The JV strengthens Sunteck’s presence in Beverly Park, Mira Road, a rapidly growing residential hub
 
- The company’s total development portfolio now exceeds 52.5 million sq ft across 20 projects
 
Sources: Economic Times, Moneycontrol, ETRealty, JVDeals.in, Sunteck Realty official release

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