Suraj Estate acquires Dadar land for ~₹18 Cr, targets ₹100 Cr GDV project

Suraj Estate Developers Ltd has acquired a land parcel in Dadar (West), Mumbai, for a total acquisition cost of approximately ₹18.00 Crores. This includes ₹8.53 crore in cash and 2,200 sq ft to be handed over to landowners, along with stamp duty. The company plans to redevelop the plot into a project with a sale carpet area of approximately 0.18 lakh sq ft, estimating a Gross Development Value (GDV) of around ₹100 crores. This acquisition is expected to strengthen the company's project pipeline and reinforce its presence in its core South-Central Mumbai micro-market, enhancing medium-term revenue visibility.