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	<title>distressed asset deal Archives - Square Feat India</title>
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		<title>Sunteck Realty Buys Distressed Land Parcel in Andheri East, Plans ₹2,500 Crore Residential Project</title>
		<link>https://squarefeatindia.com/sunteck-realty-buys-distressed-land-parcel-in-andheri-east-plans-%e2%82%b92500-crore-residential-project/</link>
		
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		<pubDate>Wed, 21 Jan 2026 06:26:00 +0000</pubDate>
				<category><![CDATA[Realty]]></category>
		<category><![CDATA[Andheri East real estate]]></category>
		<category><![CDATA[distressed asset deal]]></category>
		<category><![CDATA[Mumbai Property News]]></category>
		<category><![CDATA[premium housing Mumbai]]></category>
		<category><![CDATA[real estate acquisitions]]></category>
		<category><![CDATA[Sunteck Realty]]></category>
		<category><![CDATA[western suburbs Mumbai]]></category>
		<guid isPermaLink="false">https://squarefeatindia.com/?p=11621</guid>

					<description><![CDATA[<p>Sunteck Realty has acquired a premium land parcel in Andheri East through a distressed-asset deal, with plans to develop a ₹2,500 crore residential project in one of Mumbai’s most connected micro-markets.</p>
<p>The post <a href="https://squarefeatindia.com/sunteck-realty-buys-distressed-land-parcel-in-andheri-east-plans-%e2%82%b92500-crore-residential-project/">Sunteck Realty Buys Distressed Land Parcel in Andheri East, Plans ₹2,500 Crore Residential Project</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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<p>Sunteck Realty Limited has acquired a <strong>premium land parcel in Andheri East</strong> through a distressed-asset transaction, strengthening its presence in one of Mumbai’s most resilient and high-demand real estate micro-markets. Spread across approximately <strong>2 acres</strong>, the land carries an estimated <strong>gross development value (GDV) of around ₹2,500 crore</strong>.</p>



<p>Located off <strong>Andheri–Kurla Road</strong>, the greenfield parcel sits within a well-established mixed-use district that supports both residential and commercial development. The site enjoys strong connectivity advantages, being <strong>less than 400 metres from Andheri–Kurla Road</strong> and <strong>within 250 metres of Sahar Road</strong>, with seamless access to the <strong>Western Express Highway</strong>. Proximity to the <strong>Mumbai International Airport</strong>, metro connectivity and robust surrounding infrastructure further enhance the site’s development appeal.</p>



<p>The area is characterised by a mature urban ecosystem comprising premium hotels, established office developments and well-developed residential neighbourhoods, making it one of the most sought-after corridors in Mumbai’s western suburbs.</p>



<p>The acquisition underlines Sunteck Realty’s <strong>disciplined and selective capital deployment strategy</strong>, focused on securing high-quality assets in competitive urban locations. The land parcel had been entangled in <strong>land-level complexities and litigation for over a decade</strong>, involving multiple stakeholders. Over the past <strong>18 months</strong>, Sunteck engaged individually with all concerned parties to resolve these issues, enabling the company to secure clear ownership and unlock the site’s development potential.</p>



<p>This ability to navigate complex transactions and enter projects at compelling values has been a recurring theme in Sunteck’s growth strategy, particularly in supply-constrained markets like Mumbai.</p>



<p>Commenting on the acquisition, Kamal Khetan, Chairman and Managing Director, Sunteck Realty Limited, said the company remains highly selective in its capital allocation. He noted that the Andheri East parcel presents a strong opportunity to create long-term value in a location where <strong>branded, quality residential supply remains limited</strong>, despite sustained end-user and investor demand.</p>



<p>The transaction marks <strong>Sunteck Realty’s third strategic addition to its development portfolio in the current financial year</strong>, following a land acquisition in <strong>Mira Road</strong> and the securing of <strong>redevelopment rights for a housing society in Andheri East</strong>. Together, these deals reinforce the company’s focused expansion across Mumbai’s western suburbs, combining <strong>greenfield acquisitions and redevelopment opportunities</strong> under a calibrated growth approach.</p>



<p>For homebuyers and investors, the acquisition signals <strong>fresh premium housing supply</strong> in Andheri East, a location where demand continues to outpace availability due to strong connectivity, employment hubs and airport proximity.</p>



<p>Also Read: <a href="https://squarefeatindia.com/adani-sunteck-show-interest-to-acquire-hdil/">Adani, Sunteck show interest to acquire HDIL</a></p>
<p>The post <a href="https://squarefeatindia.com/sunteck-realty-buys-distressed-land-parcel-in-andheri-east-plans-%e2%82%b92500-crore-residential-project/">Sunteck Realty Buys Distressed Land Parcel in Andheri East, Plans ₹2,500 Crore Residential Project</a> appeared first on <a href="https://squarefeatindia.com">Square Feat India</a>.</p>
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