Suraj Estate Developers Subsidiary Acquires Mahim Land Rights for ₹82.72 Cr

Suraj Estate Developers Ltd, through its wholly owned subsidiary Iconic Property Developers Private Limited, has completed the acquisition of development rights for a 2,941 sq metre plot in Mahim (West), Mumbai. The investment amounts to ₹82.72 Crores. This acquisition is contiguous to the company's ongoing commercial project 'Suraj One Business Bay'. The acquired land is expected to yield an additional saleable carpet area of approximately 1.50 lakh square feet, with an estimated Gross Development Value (GDV) of ₹800 Crores. This move is poised to bolster the company's near-to-medium-term project pipeline and strengthen its foothold in the South-Central Mumbai real estate market.