Sunteck to invest Rs 6,000 cr in affordable housing

11 Feb 2021 Editorial Team

Property developer Sunteck Realty Ltd plans to invest around Rs 6,000 crore to develop three large affordable housing projects spread over 250 acre in the Mumbai Metropolitan Region (MMR) over the next five to six years.

Sunteck has ventured into the affordable housing sector through its luxury brand Sunteck World.

Two out of the three projects are spread over 100 acre land parcels in Vasind and Vasai near Mumbai and were acquired during the pandemic, while 150 acres is part of the company's Naigaon project. The developer has already started construction in Naigaon on around 18 acre for the project's first two phases. The new projects in Vasind and Vasai apart from new phases in Naigaon will be financed through customer advances from pre-sales and construction finance in line with the funding strategy deployed for the first two phases, Sunteck said.

Make in Steel 2021

24 February聽

4th Indian Cement Review Conference 2021

17-18 March聽

Sunteck had acquired a 50-acre project in Vasai with a development potential of around 4.5 million sq ft. Commencement of the project is expected this year with a development period of five to seven years. In October, the developer entered into an agreement to acquire additional 50 acres in Thane's Vasind locality to develop a 2.6 million sq ft integrated township. The project to be developed under brand Sunteck World is estimated to generate revenue worth Rs 1,250 crore over the next five years.

: Sunteck Realty will invest Rs 6,000 cr for three affordable housing projects

Products

19 May 2025

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..

Real Estate

19 May 2025

H盲fele launches Matrix undermount runners range

H盲fele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..

Real Estate

19 May 2025

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..