Acquisitions25 Aug 2025, 10:21 pm
Suraj Estate Developers Acquires Land Parcel in Lower Parel, Enhancing Project GDV to ~ 2130 Crores
AI Summary
Suraj Estate Developers Limited, a leading real estate developer in South Central Mumbai, has acquired a prime 644 sq. meters land parcel at N.M. Joshi Marg, Lower Parel, Mumbai, for a total consideration of 26.44 crores. This acquisition is proposed to merge with the adjacent upcoming project — Ambavat Bhavan, resulting in a consolidated land parcel of 1,310 sq. meters and a combined estimated saleable carpet area of 0.32 lakh sq. ft., with a projected GDV of 2130 crores. The project will feature premium 1 and 2 BHK residential apartments in the value-luxury segment and is strategically located with unmatched access to top-tier healthcare, retail, entertainment, and commercial hubs.
Key Highlights
- Suraj Estate Developers acquired a 644 sq. meters land parcel in Lower Parel, Mumbai for 26.44 crores.
- The acquired land parcel will be merged with the upcoming project — Ambavat Bhavan.
- The merger will result in a consolidated land parcel of 1,310 sq. meters and a combined estimated saleable carpet area of 0.32 lakh sq. ft.
- The project will feature premium 1 and 2 BHK residential apartments in the value-luxury segment.
- The project is strategically located with unmatched access to top-tier healthcare, retail, entertainment, and commercial hubs.