Real Estate
Suraj Estate Developers Acquires Land for 18 Crore in Dadar West, Mumbai
Suraj Estate Developers has acquired a land parcel in Dadar West, Mumbai, for a total consideration of 18 crore, including cash and area sharing.
Mumbai, April 17: The company plans to redevelop the plot with an estimated gross development value of approximately 100 crore.
Deal Structure
| Component | Amount |
|---|---|
| Cash component | 8.53 crore |
| Area commitment to landowners | ~2,200 sq ft |
| Total consideration | 18 crore |
Development Plans
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Sale carpet area: 0.18 lakh sq ft (18,000 sq ft)
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Estimated GDV: ~100 crore
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Type: Redevelopment project
Management Statement
Rahul Thomas, Whole-time Director of the company, said: "We remain committed to disciplined growth, selective acquisitions, and efficient execution, and are actively evaluating additional opportunities that align with our strategic vision."