on january 12, real estate scrips surged, Sunteck remained the top gainer
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Realty developer Sunteck Realty has inked a deal to get hold of more than 10 acres land parcel in Goregaon suburb of Mumbai for around Rs 350 crore.
Sunteck Realty declined to remark.
Sunteck Realty is also making discussions with a PE company to join hands for the projected development on this land parcel.
The company is eyeing to get financing of around $30 million at first via the private equity operation.
At present, a part of this land parcel gets engaged by cattle sheds, whilst the remaining is an empty plot.
The stock looks good for investment.
If investors are planning to buy the stock, then they will purchase it on declines with a medium and long term view.
The investors can buy the stock on declines.
on january 12, real estate scrips surged, Sunteck remained the top gainer
the company will lift up PE funding for its Goregaon project