In one of the biggest real estate deals since lockdown, luxury developer Sunteck Realty has acquired a prime project of approximately 50 acres in the posh location of Vasai having a development potential of approximately 4.5 million square foot (mn sq ft) in the prime Mumbai Metropolitan Region (MMR). Sunteck Realty has entered a joint development agreement with land-owners to construct the housing project that has a revenue potential of Rs 5,000 crore over the next five-seven years, the company said in a statement.

(Moneycontrol)