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Sunteck Crescent Park (Phase 1) is the embodiment of architectural grandeur, spanning across 7 acres with imposing towers that offer privileged residents an astonishing 360-degree panoramic view of 80% open spaces, including expansive 1.4 acres of open podium and a captivating Infinity pool elevated 55 feet above the ground. This development in Kalyan sets a new standard by seamlessly blending luxury residences, well-being amenities, a retail plaza, and fine dining to provide an unmatched living experience.
In addition to its state-of-the-art amenities designed for diverse needs and unique experiences, Sunteck Crescent Park also leads the way in sustainability with its green building features. From solar energy generation to waste recycling, the project prioritizes energy efficiency through passive design strategies, aligning harmoniously with nature and reducing its carbon footprint.
Sunteck Realty is driving the transformation of Kalyan into a premier residential destination with Sunteck Crescent Park. Kamal Khetan, Chairman and Managing Director of Sunteck Realty, emphasized the project's significance, stating that it redefines high-end living in Kalyan and highlights the company's prominent presence in the Eastern suburbs of the Mumbai Metropolitan Region (MMR).
Over the next 7-8 years, Sunteck Realty's total development in Kalyan is expected to generate around Rs 9,000 crore, further strengthening the company's position in the MMR.
Kalyan, a thriving urban hub, is witnessing an increasing demand for exceptional residential spaces due to strategic location advantages and upcoming infrastructure projects. The region is currently undergoing a transformative phase with various infrastructure initiatives, including the development of metro rail networks, expressways, elevated road systems, and connectivity corridors. Anticipated infrastructure projects like the metro rail, Kalyan Ring Road, Airoli-Katai Elevated Road, Mothagaon-Mantholi Bridge, Virar-Alibaug Corridor, DMIC, and the Mumbai Nagpur Expressway are set to significantly improve connectivity between Kalyan-Shahad and the urban centers of Mumbai, Thane, and Navi Mumbai.
The real estate market in Kalyan has struck a balance between the demand and supply of properties, accommodating a wide range of homebuyer needs. According to the September 2023 Anarock Report, there has been a noticeable shift towards larger unit configurations (2 BHK and above), accounting for over 40% of the launches. This upward trend is supported by a sales-to-supply ratio of around 1, with approximately 27,600 units sold in the last six years.
Importantly, the residential market in Kalyan has seen price appreciation since 2020, attributed to substantial infrastructure development and prominent real estate projects. With upcoming transformative developments like the Virar-Alibaug Multimodal Corridor and Western Dedicated Freight Corridor, the real estate market in Kalyan is poised for significant growth. Investors and homebuyers are eagerly watching Kalyan for its potential for future price appreciation and lucrative real estate opportunities.
In conclusion, the real estate landscape in Kalyan, spearheaded by the remarkable Sunteck Crescent Park (Phase 1), is poised for a remarkable transformation. This architectural marvel stands as a testament to luxury and sustainability, redefining high-end living in the city. Sunteck Realty's ambitious development plans are set to further elevate Kalyan's status as a premier residential destination, with an anticipated top-line revenue of approximately Rs 9,000 crore over the next 7-8 years.
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