Suraj Estate Developers Acquires Hally Pacific for ~ X 200 Crore GDV Project in Prabhadevi, Mumbai

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, adds a strategically located vacant land parcel at Sayani Road, Prabhadevi, Mumbai to Suraj Estate Developers' portfolio. The acquired entity owns a vacant land measuring approximately 717.39 square meters 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.