aquire acres
Sunteck Realty

Sunteck Realty inks pact to develop 50-acre Land in Vasai, Mumbai

Mumbai: In the largest real estate transaction after lockdown, Sunteck Realty, a real estate developer, has signed an agreement to develop a 50-acre sea-facing land in Vasai, near Mumbai.

The deal indicates a stress-led consolidation in the sector that is expected to escalate amid the Covid-19 pandemic.

In an effort to advance their stagnant projects, cash-hungry companies and owners are converting their parcels by forming alliances with developers with strong financial strength, entering into development management agreements, and even considering explicitly selling them.

Sunteck will develop the entire project in phases over the next five to seven years, and the total development potential is expected to reach 4.5 million square feet with revenues of Rs 5,000 crore.

Kamal Khetan said: “The project will greatly satisfy the middle-income segment, especially after the Covid-19 scenario, because it meets the needs of emerging clients: residential buildings that complement today’s luxurious lifestyle and meet the requirements of the work at home.” Chairman and Managing Director Sunteck Realty and CEO.

The listed company will develop the project with the owner through the revenue sharing agreement. The owner who will be responsible for the plot and approvals gets 25% of income. Sunteck will earn 75% of revenue and undertake planning, construction, implementation, branding, sales and marketing efforts.

The construction and implementation costs of the project are estimated at Rs 2,000 crore.

Khaitan said the site has a good connection, upcoming infrastructure developments and all the major services around it, adding that the project will be a major addition to Sunteck’s strong growth engines, including its projects on Signature Island at Bandra-Kurla Complex (BKC), SunteckCity at Oshiwara District Centre (ODC) in Goregaon and SunteckWorld in Naigaon.

“Despite the previous economic slowdown and the subsequent impact of Covid-19, Sunteck has kept pace with development and promised home buyers to deliver the homes. We will continue to reward our investors by acquiring such valuable deals.”

According to a recent analysis by the ICRA rating agency, large real estate developers with established market positions, strong balance sheets and sufficient liquidity have evaded the volatile business environment due to the COVID -19 pandemic better than smaller entities.

As a result, ongoing consolidation in this sector is expected to increase further, with larger, more established players gaining a greater market share.

Also Read: Bathroom Tiles Ideas: How to Select the Right Bathroom Tiles

Spread the love

98 comments

  • What’s Going down i’m new to this, I stumbled upon this I’ve found
    It absolutely useful and it has helped me out loads. I hope to contribute & aid other users like its helped me.

    Great job. asmr 0mniartist

  • Thank you for the good writeup. It actually was once a leisure account it.
    Glance complex to far brought agreeable from you! By the
    way, how could we keep in touch?

  • I do accept as true with all the ideas you have introduced to your post.
    They are very convincing and can certainly work. Nonetheless, the posts are too brief for newbies.
    May just you please extend them a bit from subsequent time?

    Thank you for the post.

  • When someone writes an post he/she keeps the plan of a user in his/her mind that how a user can be
    aware of it. Thus that’s why this piece of writing is amazing.
    Thanks!

  • Appreciating the time and effort you put into your site and in depth information you present.

    It’s good to come across a blog every once in a while that isn’t the same unwanted rehashed material.

    Wonderful read! I’ve bookmarked your site and I’m including your
    RSS feeds to my Google account.

  • Hello everyone, it’s my first go to see at this website, and paragraph
    is in fact fruitful in support of me, keep up posting these articles.

  • That is a very good tip particularly to those new to the blogosphere.
    Brief but very accurate info… Thank you for sharing this
    one. A must read post!

  • Appreciating the dedication you put into your website and detailed information you offer.
    It’s awesome to come across a blog every once in a
    while that isn’t the same out of date rehashed information. Fantastic read!
    I’ve saved your site and I’m adding your RSS feeds to my Google account.

  • I like the helpful info you provide to your articles.

    I will bookmark your weblog and take a look at once more here
    frequently. I am rather certain I’ll be told many new
    stuff right right here! Best of luck for the following!

  • scoliosis
    hello!,I love your writing very so much!
    share we be in contact extra about your post on AOL? I need an expert in this area to
    unravel my problem. Maybe that’s you! Looking ahead to see you.
    scoliosis

  • scoliosis
    It’s really a nice and useful piece of information. I’m
    happy that you just shared this useful information with us.
    Please stay us up to date like this. Thanks
    for sharing. scoliosis

  • free dating sites
    Thanks for ones marvelous posting! I definitely enjoyed reading it,
    you might be a great author. I will be sure to bookmark your blog and will come back from now on. I want to encourage continue your great writing, have a nice afternoon! free dating
    sites

  • Hiya! Quick question that’s totally off topic. Do you know how
    to make your site mobile friendly? My weblog looks weird when browsing from
    my apple iphone. I’m trying to find a template or plugin that might
    be able to correct this issue. If you have any suggestions, please share.
    Thank you!

  • Hey I know this is off topic but I was wondering if
    you knew of any widgets I could add to my blog that automatically tweet my newest twitter
    updates. I’ve been looking for a plug-in like this for quite some
    time and was hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything.
    I truly enjoy reading your blog and I look forward
    to your new updates.

  • This design is steller! You definitely know how to keep a reader amused.
    Between your wit and your videos, I was almost moved to start my own blog (well, almost…HaHa!) Great
    job. I really enjoyed what you had to say, and more than that, how you presented it.
    Too cool!

  • hello there and thank you for your information – I have definitely picked
    up anything new from right here. I did however expertise several technical points using this web site, as I experienced to reload the website many times previous to I could get it to load correctly.
    I had been wondering if your web host is OK? Not that I’m complaining, but slow loading
    instances times will very frequently affect
    your placement in google and can damage your high quality score
    if advertising and marketing with Adwords. Well I
    am adding this RSS to my email and could look out for much more of your respective fascinating content.
    Ensure that you update this again very soon.

  • What you published was actually very reasonable.
    But, think on this, what if you were to write a awesome
    title? I am not saying your content isn’t solid., however suppose you added a headline to maybe
    get folk’s attention? I mean Sunteck Realty inks pact to develop 50-acre in Vasai,
    Mumbai is a little plain. You could glance at Yahoo’s front page and note how they create article titles to grab viewers interested.
    You might try adding a video or a related picture or two to get people excited
    about everything’ve written. In my opinion, it could make your blog a little bit more interesting.

  • I do trust all of the concepts you’ve introduced on your post.
    They are really convincing and will definitely work.
    Nonetheless, the posts are very quick for
    beginners. May you please prolong them a bit from subsequent time?
    Thank you for the post.

  • When someone writes an paragraph he/she keeps the plan of a user in his/her
    brain that how a user can know it. Therefore that’s why this paragraph is outstdanding.
    Thanks!

  • I have been surfing online more than 4 hours today, yet I never found any interesting article like yours.
    It is pretty worth enough for me. Personally,
    if all web owners and bloggers made good content as you did, the web will be a lot more useful than ever before.

  • What’s up everyone, it’s my first go to see at this site, and piece of writing is genuinely fruitful designed for me,
    keep up posting such articles.

  • Nice post. I learn something new and challenging on websites I stumbleupon on a daily basis.
    It’s always useful to read through content from
    other authors and use a little something from their web
    sites.

  • Hey I know this is off topic but I was wondering if you knew of any widgets I could add to my blog
    that automatically tweet my newest twitter updates.

    I’ve been looking for a plug-in like this for quite some time
    and was hoping maybe you would have some experience with something like this.
    Please let me know if you run into anything. I truly enjoy reading your blog and
    I look forward to your new updates.

  • Everything is very open with a very clear explanation of the challenges.
    It was definitely informative. Your website is useful.
    Many thanks for sharing!

  • A person essentially lend a hand to make significantly posts I would state.
    This is the very first time I frequented your website page and up to now?
    I amazed with the research you made to make this actual post extraordinary.
    Magnificent job!

  • Terrific article! This is the kind of information that are meant to be shared around
    the web. Shame on the search engines for not positioning this submit upper!

    Come on over and visit my site . Thanks =)

  • When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three
    e-mails with the same comment. Is there any way you can remove people from that service?
    Appreciate it!

  • May I simply just say what a relief to find someone who truly
    understands what they are talking about on the web.
    You definitely understand how to bring a problem to light and make it important.
    A lot more people should check this out and understand this side of
    the story. I can’t believe you aren’t more popular because
    you surely have the gift.

  • Today, I went to the beach with my kids. I found a sea shell
    and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed.
    There was a hermit crab inside and it pinched her
    ear. She never wants to go back! LoL I know this is entirely off topic but I had to tell someone!

  • Can I simply just say what a relief to uncover somebody that actually understands what they’re discussing on the web.
    You certainly know how to bring an issue to light and make it important.
    More people have to check this out and understand this side of the story.
    I was surprised you are not more popular because
    you certainly possess the gift.

  • Yesterday, while I was at work, my cousin stole my apple ipad
    and tested to see if it can survive a 25 foot drop, just so she can be a youtube sensation.
    My apple ipad is now destroyed and she has 83 views. I know this is
    completely off topic but I had to share it with someone!

  • Definitely believe that which you said. Your favorite justification seemed
    to be on the web the simplest thing to be aware of.
    I say to you, I definitely get irked while people consider
    worries that they just do not know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side effect , people could
    take a signal. Will likely be back to get more. Thanks

  • I believe that is among the so much important info for me.
    And i’m happy reading your article. However want to commentary on some basic things, The website style is wonderful, the articles
    is actually great : D. Just right job, cheers

  • Hey I am so happy I found your webpage, I really
    found you by error, while I was looking on Bing for something else, Nonetheless I am here now
    and would just like to say kudos for a incredible post and a all round entertaining blog (I
    also love the theme/design), I don’t have time to browse it all at the minute but I
    have saved it and also added in your RSS feeds, so
    when I have time I will be back to read much more, Please do keep up the excellent work.

  • Its like yoս read my mind! Youu ѕеem
    to кnow so much about this, like you wrote tһe bⲟoк in it or something.
    I think that you сould do with a few pics tо drivе the message home
    a little bit, but other than thɑt, this is excellent ƅlօg.
    A great read. I will certainly be back.

    My webѕite – sbobet88 bola

  • Hi there just wanted to give you a quick heads
    up. The text in your post seem to be running off the screen in Firefox.
    I’m not sure if this is a format issue or something to do
    with internet browser compatibility but I thought I’d post to let
    you know. The layout look great though! Hope you get the
    issue fixed soon. Many thanks

  • Heya i am for the first time here. I found this board and I find It truly useful & it helped
    me out much. I hope to give something back and aid others like you helped
    me.

  • Its like you read my mind! You seem to know so much about this,
    like you wrote the book in it or something. I think that you could do with some pics to drive the message home a bit, but instead of that,
    this is magnificent blog. A great read. I’ll certainly be back.

  • Attractive pагt of content. I simply stumbled upon your web site and in accession capital tο ѕay that I get actualⅼy eenjoyed
    account your blog pⲟsts. Anyway I’ll Ƅe sᥙbscriƄing for yoսr feeds or even Ӏ achievеment you get riht of entry to cоnstantly quicкly.

    Here is my page kunjungi website kami

  • I do consider all the ideas you’ve introduced for your post.
    They are really convincing and can definitely work. Still, the posts
    are very short for novices. Could you please prolong them a bit from next time?
    Thanks for the post.

  • Pretty section of content. I simply stumbled upon your web site
    and in accession capital to claim that I get actually enjoyed account your weblog posts.
    Any way I’ll be subscribing to your augment and even I success you get entry
    to consistently fast.

  • magnificent put up, very informative. I’m wondering why the opposite specialists of this sector don’t
    understand this. You should proceed your writing.
    I am confident, you have a great readers’ base already!

  • I must thank you for the efforts you have put in penning this website.
    I really hope to see the same high-grade blog posts from you in the future
    as well. In truth, your creative writing abilities has motivated
    me to get my very own site now 😉

  • Have you ever thought about publishing an e-book or guest authoring
    on other sites? I have a blog based on the same topics
    you discuss and would really like to have you share some stories/information. I know my visitors would appreciate
    your work. If you are even remotely interested, feel free to send me an email.

  • Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your blog?

    My website is in the exact same niche as yours and my visitors would
    genuinely benefit from a lot of the information you provide here.
    Please let me know if this ok with you. Regards!

  • Thanks , I’ve recently been looking for info about this subject
    for ages and yours is the greatest I’ve came upon so far. But, what concerning the conclusion? Are you
    sure about the supply?

  • I have been browsing online more than 4 hours today, yet I never found any interesting
    article like yours. It’s pretty worth enough
    for me. In my opinion, if all web owners and bloggers made good content as you did,
    the internet will be a lot more useful than ever before.

  • Please let me know if you’re looking for a
    article writer for your site. You have some really great posts and I think I would be a good asset.
    If you ever want to take some of the load off, I’d really like to write some
    content for your blog in exchange for a link back
    to mine. Please blast me an e-mail if interested. Regards!
    quest bars http://j.mp/3C2tkMR quest bars

  • Wonderful goods from you, man. I have understand your stuff
    previous to and you’re just too fantastic. I actually like what you’ve acquired here,
    certainly like what you are stating and the way in which you
    say it. You make it enjoyable and you still take care of to
    keep it wise. I can not wait to read much more from you.
    This is really a tremendous website.

  • Hi there! This post could not be written any better!
    Reading through this post reminds me of my previous roommate!

    He always kept preaching about this. I will send this information to him.
    Fairly certain he’s going to have a very good read. I appreciate you
    for sharing!

  • Can I simply just say what a relief to find somebody that genuinely understands what they’re discussing online.
    You certainly understand how to bring an issue to light and make it
    important. A lot more people ought to read this and understand this side of your story.
    I was surprised you aren’t more popular given that you definitely have the gift.

  • I do believe all of the concepts you have introduced in your post.
    They are very convincing and will certainly work.
    Still, the posts are very brief for starters. May just you please prolong them a
    bit from subsequent time? Thanks for the post.

  • Hey there! This post couldn’t be written any better! Reading this post reminds me of my previous room mate!
    He always kept talking about this. I will forward this post to him.

    Fairly certain he will have a good read. Many thanks for sharing!

  • I love your blog.. very nice colors & theme. Did you create this website yourself or did
    you hire someone to do it for you? Plz respond as I’m looking to construct my own blog and would like to find out where u
    got this from. many thanks

  • It’s nearly impossible to find well-informed people in this particular topic, but
    you sound like you know what you’re talking about!
    Thanks

  • That is really attention-grabbing, You’re an overly skilled blogger.
    I have joined your feed and sit up for seeking extra of your great post.

    Additionally, I’ve shared your website in my social networks

  • Hi, i believe that i noticed you visited my site thus i got here
    to return the want?.I am trying to find things to enhance
    my website!I guess its adequate to use some of
    your ideas!!

  • Today, I went to the beachfront with my children.
    I found a sea shell and gave it to my 4 year old daughter
    and said “You can hear the ocean if you put this to your ear.” She placed the
    shell to her ear and screamed. There was a hermit crab
    inside and it pinched her ear. She never wants to go back!
    LoL I know this is entirely off topic but I had to tell someone!

  • I got this site from my friend who informed me concerning this website and at the moment this time I am browsing this web site and
    reading very informative articles or reviews at this place.




Follow us

Don't be shy, get in touch. We love meeting interesting people and making new friends.