Sunteck Realty to invest Rs. 6,000 cr on three affordable housing projects.

Sunteck Realty is planning to invest around Rs. 6,000 crore to develop three large affordable housing projects spread over 250 acres in Mumbai Metropolitan Region over the next five-six years, the company chairman said.

Two out of these three projects, spread over 100-acre land parcels in Vasai and Vasind near Mumbai, were acquired during the pandemic, while 150 acres is part of its Naigaon project.

The listed company has already started construction in Naigaon on around 18 acres for the first two phases of the project.

ET