CenturyPly pledges to plant 10,000 trees on Van Mahotsav 2021 ~ Initiates a journey to stay ‘Eco-Conscious’ ~ India, 6 th July : On occasion of Van Mahotsav 2021, Century Plyboards (India) Ltd., India’s largest manufacturer in Wood Panel Industry, has pledged to initiate a green CSR drive by planting 10,000 trees across the states of West Bengal and Haryana. To mark Van Mahotsav 2021, the annual forest festival that usually takes place during first week of July all across the country, CenturyPly took the first step towards this new tree plantation drive aiming to nurture the environment with 10000 trees in the regions of West Bengal , Haryana , adhering to all COVID-19 safety protocols. The company will continue to plant more saplings under its existing ‘Century Plantation Project’ over the coming months and will target to achieve more than 10,000 tree plantation in next one year. CenturyPly, as an environmentally responsible brand, always advoca...
Sunteck Realty Ltd enters JV to develop 7 acres of waterfront residences at Borivali West in Mumbai; Estimated to see a revenue generation of over INR 1750 crores
Sunteck Realty Ltd enters JV to develop 7 acres of waterfront residences at Borivali West in Mumbai; Estimated to see a revenue generation of over INR 1750 crores
- Project to see a potential development of approximately 1mn sq ft
- Revenue generation of Rs 1750 crore (Rs17.5 billion) envisaged for the next 4-5 years
- Luxury residential development with premium sea view living
- JLL India was the exclusive transaction partner
Mumbai, March 31, 2021: Sunteck Realty Limited, the BSE and NSE Listed premium property developer in Mumbai has secured a marquee ~7 acre land parcel at Borivali (West). Sunteck Realty Limited would develop a luxury residential project in the upmarket residential locality. JLL India was the exclusive transaction partner for the JV.
Acquired under the asset light JDA model the residential project in the western suburbs of the city is spread across 7 acres and will have approximately 1 mn sq. ft of development potential. It is expected to generate a project top line of around INR 1,750 crore over the next 4-5 years further strengthening the cash flow and the balance sheet of the company. The project is likely to offer unobstructed views of the mangroves of Borivali and Gorai right up till the Global Vipassana Pagoda and beyond.
“We are pleased to have entered this joint venture. Given the land parcel is overlooking the sea, this development shall provide an opportunity to curate a unique and world class residential product consistent with the Sunteck brand. We shall bring in our best in class construction and development capabilities of luxury living. Our endeavor is to create a landmark development in this micro-market” said Mr. Kamal Khetan, Chairman, Sunteck Realty Limited.
"Mumbai western suburbs continue to remain one of the most dominant and active end user residential markets in the country. Historically low home loan rates along with government incentives as well as rationalisation of prices by real estate developers has led to healthy ready inventory absorption in the past few quarters. As such, we feel the trend to percolate to newer launches and under-construction projects as well. Stronger brands should continue to observe aggressive sales going ahead" said Nishant Kabra, Senior Director & Head – Land and Development Services (West India), JLL.
Borivali West - located in the western suburb of Mumbai has transformed into an excellent residential destination owing to good road/rail connectivity and social infrastructure. Beyond this, the upcoming metro line 2A connects Dahisar to DN Nagar and further to other parts of the city via multiple lines. The metro development along with the Coastal Road Project will transform this micro-market and solidify the city’s western suburbs as a much more attractive residential and commercial destination due to significantly reduced travel time.
Comments
Post a Comment