Suraj Estate Developers acquired land in Dadar (West) for a total cost of ~₹18 crore, including cash and area handover.
The company plans a redevelopment project with ~0.18 lakh sq ft saleable area and ~₹100 crore Gross Development Value.
This acquisition strengthens the company's project pipeline in its core South-Central Mumbai operating market.
The project is expected to enhance medium-term revenue visibility and consolidate the company's market presence.