Sunteck Realty (SRL) has signed a joint development agreement (JDA) to develop a 3.5-acre land parcel on Mira Road along the Western Express Highway near Mumbai.

The project spans 13,500 sq. mtrs. and offers a development potential of 5.5 lakh sq. ft. of carpet area, with an estimated gross development value (GDV) of Rs 1,200 crore. SRL Chairman and Managing Director Kamal Khetan emphasised the company’s focus on high-growth corridors like Mira Road, which boasts robust infrastructure, excellent connectivity, and is poised for transformation into a premium lifestyle destination.

The project enjoys direct highway frontage and proximity to Metro Line 9 (Miragaon Station), Dahisar and Mira Road railway stations. Upcoming infrastructure projects, including the Borivali-Thane Tunnel and Coastal Road Extension, are expected to further enhance connectivity and investment appeal.

SRL highlighted Mira Road’s emergence as a high-absorption residential market within the Mumbai Metropolitan Region (MMR), driven by access to educational institutions, healthcare, retail hubs, and green spaces, catering to the rising demand for premium, well-connected residential developments.