Acquisitions15 Apr 2026, 07:51 pm
Suraj Estate Developers Acquires Land for ₹100 Cr GDV Project in Dadar
AI Summary
Suraj Estate Developers Ltd has acquired a piece of land in Dadar (West), Mumbai, for a total acquisition cost of approximately ₹18.00 crores. This includes ₹8.53 crore cash and 2,200 sq ft to be handed over to landowners, plus stamp duty. The company plans to redevelop the plot into a project with an estimated Gross Development Value (GDV) of ₹100 crores and a sale carpet area of approximately 0.18 lakh sq ft. This acquisition strengthens the company's project pipeline and reinforces its presence in the core South-Central Mumbai market, leveraging Dadar's strong demand and connectivity.
Key Highlights
- Acquired land in Dadar (West) for ~₹18 crore total cost.
- Project has estimated Gross Development Value (GDV) of ~₹100 crore.
- Adds ~0.18 lakh sq ft sale carpet area to project pipeline.
- Strengthens company's presence in South-Central Mumbai market.
- Aims to enhance medium-term revenue visibility and stakeholder value.