Below is the Quote on Sunteck Realty Ltd By Mr. Yash Gupta - Equity Research Associate, Angel Broking Ltd
"Sunteck Realty ltd has entered into an agreement to acquire 50 acres in emerging micromarket, Vasind (District Thane) with potential to develop approximately 2.6 mn sq ft integrated residential township under‘SunteckWorld Brand. Company expects Revenue generation of Rs. 1,250 crores (Rs. 12.5 Billion) envisaged for next 4-5 years. This is positive development for the company but many things will depend on the execution of the project as supply in Thane will continue to rise."
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