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Suraj Estate Developers Acquires Prime Land for Luxury Project in Mumbai

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Suraj Estate Developers Acquires Prime Land for Luxury Project in Mumbai

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An update from Suraj Estate Developers Limited ( (IN:SURAJEST) ) is now available.

Suraj Estate Developers Limited has acquired a 390 square meter land parcel at Shivaji Park, Dadar, Mumbai, for INR 4.75 Crores, fully paid including stamp duty and registration charges. The company plans to develop a luxury residential project on this site, leveraging FSI benefits and clubbing schemes under DCPR 2034, with an estimated GDV of Rs. 80 Crores. The project will feature 2 BHK and 3 BHK apartments, strategically located near the upcoming Siddhivinayak Metro Station, aiming to meet the demand for luxury living and enhance the company’s footprint in the real estate sector.

More about Suraj Estate Developers Limited

Suraj Estate Developers Limited, established in 1986, is a prominent real estate developer in South Central Mumbai, specializing in residential and commercial sectors. The company has a strong presence in sub-markets such as Mahim, Dadar, Prabhadevi, and Parel, having completed 42 projects with a developed area exceeding 10.47 lakh square feet. It currently has 13 ongoing projects and 18 upcoming projects, focusing on luxury living spaces.

YTD Price Performance: -54.05%

Average Trading Volume: 9,548

See more data about SURAJEST stock on TipRanks’ Stock Analysis page.

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