Mumbai based real estate organization, Sunteck Realty is aiming high and touching sales revenue of Rs 1,000 crore over the next two-and-a-half years. The company is expecting this revenue surge from the launch of four new projects in Mumbai this quarter.
According to a statement by the company, Sunteck Realty is all set to launch four real estate projects in Borivali, Andheri, Bandra Kurla Complex and Navi Mumbai this quarter and the total development of about 1 million sq ft for the proposed projects will translate into a revenue potential of over Rs 1,000 crore, that will be realized in the coming 2-2.5 years time frame.
All these new project launches have been an extension of the company’s strategy to provide premium residential projects in create its own special space in the robust micro markets of Mumbai region.
It is important to note that Sunteck Realty is a well trusted name in the reality sector and has already development portfolio of about 25 million sq ft spread across 24 projects at various stages of development and 4 rented real estates. And out of the mentioned portfolio, the company has completed six projects within a time period of four years with a an overall developed area of about 2 million square feet comprising of residential and commercial real estate developments.