Sunteck Realty to Develop ₹1,200 Crore Project on Mira Road Under New JDA

Sunteck Realty Limited has signed a joint development agreement for a land parcel measuring approximately 3.5 acres, or 13,500 square metres, located on Mira Road in Mumbai. The land lies along the Western Express Highway.

The project is expected to yield around 5.5 lakh square feet of RERA carpet area. Estimated gross development value stands at ₹1,200 crore, according to the company’s disclosure on July 23, 2025.

The site is directly accessible via the Western Express Highway and is located near the upcoming Metro Line 9 (Miragaon Station). It also has connectivity to Dahisar and Mira Road railway stations.

Existing Presence in Mira Road

Sunteck already has a residential project in the same area, Sunteck SkyPar,k which has recorded over ₹1,000 crore in cumulative sales. The new project adds to the company’s portfolio in this micro-market.

Nearby infrastructure developments include the Borivali-Thane tunnel and the Coastal Road extension. These are to improve regional accessibility once completed.

Mira Road has seen steady residential demand, driven by its proximity to educational institutions, hospitals, retail outlets, and green belts like the Sanjay Gandhi National Park.

The upcoming project will include internal amenities and have views of the national park. Further details on configuration and timelines are yet to be disclosed.

Read More: Best Real Estate Stocks in July 2025 - DLF, Oberoi Realty & More!

Sunteck Realty Share Price Performance 

As of 10:04 AM on July 24, 2025, Sunteck Realty share price was trading at ₹435.30, a 0.51% decrease.

Conclusion

The company made this announcement under Regulation 30 of SEBI’s listing obligations and disclosure requirements. The communication was signed by the company secretary on July 23, 2025.

With this new joint development, Sunteck continues to build in the Mira Road area. The project is part of the company’s activities within the Mumbai Metropolitan Region.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.