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Sunteck Realty’s fully-owned subsidiary has been designated to undertake the development of a residential project on a plot measuring approximately 2.5 acres (10,290 square meters), located in Andheri East, Mumbai.
The overall gross development value (GDV) of this project is ₹1,100 crore. The entire development will be financed through internal accruals. The company anticipates generating a free sale component of approximately 2,75,000 square feet from the development and redevelopment of the project.
The project is projected to be completed within a timeframe of 36 to 48 months from the start of construction following the handover date by the society.
