Sunteck to invest Rs 5,000 crore in commercial and retail properties over four years
Premium real estate developer Sunteck Realty is gearing to create a large portfolio with an investment of Rs 5,000 crore in commercial and retail properties over the next four years.
“This well planned strategic growth in the commercial and retail real estate market will set a benchmark trend,” it said in a statement.
Sunteck has established its presence across various segments — from ultra uber luxury to aspirational luxury residential segment at Bandra Kurla Complex, Oshiwara District Centre and Naigaon.
The Mumbai-based developer is now focussing on building a premium commercial and retail portfolio of three million square feet in Oshiwara District Centre, 1.5 to two million square feet in and around Bandra Kurla Complex and one million square feet in Naigaon.
Besides these projects with over six million square feet, Sunteck is exploring opportunities in the western suburbs of Mumbai to grow its retail and commercial portfolio.
“The value that Sunteck will create through its commercial and retail portfolio is close to two billion dollars. This will further strengthen cash flows and accelerate the growth of the company,” it said.(ANI)