Sunteck Realty gains on acquiring around 7.25 acres land parcel at Mira Road
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Sunteck Realty is currently trading at Rs. 463.10, up by 4.35 points or 0.95% from its previous closing of Rs. 458.75 on the BSE.
The scrip opened at Rs. 470.00 and has touched a high and low of Rs. 470.35 and Rs. 462.30 respectively. So far 17195 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 589.95 on 18-Jan-2022 and a 52 week low of Rs. 377.50 on 13-Sep-2021.
Last one week high and low of the scrip stood at Rs. 479.95 and Rs. 446.90 respectively. The current market cap of the company is Rs. 6782.10 crore.
The promoters holding in the company stood at 67.13%, while Institutions and Non-Institutions held 24.77% and 8.10% respectively.
Sunteck Realty has acquired posh land parcel of around 7.25 acres at Beverly Park, Mira Road under the JDA model. The project is estimated to have development potential of around 2.5mn sq.ft built up area and a revenue potential of around Rs 3,000 crore. The project is located in the prime location - Beverly Park at Mira Road. Sunteck plans to develop luxurious residences that will offer unparalleled lifestyle living with premium retail. The well connected infrastructure adds to the holistic living.
This has further strengthened Sunteck’s presence in the MMR market as well as its credentials as one of the fastest growing real estate companies in MMR. With continuous acquisitions Sunteck has gained a strong foothold in the western suburbs of Mumbai and has become one of the leading players in this region of MMR. Earlier, the company had executed a development agreement for said residential project.
Sunteck Realty is a Mumbai-based real estate development company, catering to the premium ultra-luxury and luxury residential segment.
