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Sunteck to Buy 10 Acres in Goregaon for Rs 350 cr

January 11, 2012

Stock : Sunteck Realty ~ Sector : Realty

Source : Economic Times

  • Realty developer Sunteck Realty has entered into an agreement to acquire over 10 acres land parcel in Goregaon for nearly Rs 350 crore.
  • The developer is also in talks with a private equity firm to join hands for the proposed development on this land parcel, said people familiar with the matter.
  • Sunteck Realty is looking to get financing of nearly $30 million initially through the private equity transaction.