Acquisitions24 Feb 2026, 07:32 am
Suraj Estate Developers Acquires Hally Pacific for ~ X 200 Crore GDV Project in Prabhadevi, Mumbai
AI Summary
Suraj Estate Developers Limited, a leading real estate developer in South Central Mumbai, has successfully completed the acquisition of 100% shares of Hally Pacific Private Limited. The acquisition, completed for a total consideration of approximately X30.40 crore, includes a vacant land parcel at Sayani Road, Prabhadevi, Mumbai, with an estimated sale carpet area of ¥ 0.367 lakhs sq ft and an estimated Gross Development Value (GDV) of approximately X200 crore. The project is expected to strengthen the Company’s near-to-medium term upcoming projects pipeline and further consolidate its presence in its core operating micro-market of South-Central Mumbai.
Key Highlights
- Suraj Estate Developers acquires 100% shares of Hally Pacific Private Limited for approximately X30.40 crore.
- The acquisition includes a vacant land parcel in Prabhadevi, Mumbai, with an estimated GDV of approximately X200 crore.
- The project is expected to strengthen the Company’s projects pipeline and consolidate its presence in South-Central Mumbai.
- Suraj Estate Developers is known for its expertise in the redevelopment of tenanted properties.
- The company has a residential portfolio in South-Central Mumbai and is now venturing into the Bandra sub-market.