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Home > Forum > Mumbai > Real estate News > SUNTECK REALTY PLANS TO INVEST RS.1000 CR TO BUY STRESSED PLANTS

SUNTECK REALTY PLANS TO INVEST RS.1000 CR TO BUY STRESSED PLANTS

Q: The company plans to invest around Rs 1000 crore over the next 2 yrs. for acquiring distressed assets and entering joint development agreements to increase its portfolio.

investment in real estate
mumbai real estate
sunteck realty ltd
kamal khetan
sion
bkc beach
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Replies (2)
1
Right Joy,
Sunteck Realty is a brand name in the Mumbai Real Estate market and they are primary deals in premium luxury residential segment. Now, company is exploring opportunities in the redevelopment field.
Kaushik Bardia


I heard that they have received approvals for one project in Andheri which they will launch soon. They are also looking at other opportunities in the western suburbs and island city.
Joydeep D,  
26th October 2015


As per the company, they are not in hurry and will study the market conditions and take appropriate decision to undertake developing a standalone commercial project or a mixed-use development. Currently the residential segment contributes nearly 80% to their revenues. But looking at the improving sentiment in the office space.
Joydeep D,  
27th October 2015


2
Yes, there are many projects where construction has started but due to financial conditions of the developers or some other reasons are stuck. So, there are opportunities for joint development in the metropolis where there are land parcels which can be utilised for development.
Joydeep D


3

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