Sunteck Realty to Invest Rs 2,500 Cr in 3 Mumbai Projects
<span style="font-weight: 400;">For some real estate developers, COVID-19 is set to unearth new opportunities. Sunteck Realty is a case in point. The company entered into three major acquisitions during the pandemic, striking hard bargains and now plans to invest close to Rs 2,500 crore into three p
Published -
Jun 4, 2021 4:03 AM
For some real estate developers, COVID-19 is set to unearth new opportunities. Sunteck Realty is a case in point. The company entered into three major acquisitions during the pandemic, striking hard bargains and now plans to invest close to Rs 2,500 crore into three projects located in Vasai (around 50 acres), Vasind (around 50 acres) and Borivali (around seven acres). The estimated time of the investment is also three years. Chairman and Managing Director of Sunteck Realty, Kamal Khetan, talking about the company’s investment plans, going forward saqid he was confident that the company’s balance sheet will only be strengthened, and the realty firm will benefit from the consolidation wave as several bargain deals are available. He is also of the belief that the second wave may push buyers to prepone their home buying decision, but it will also compel them to return to the market faster.