Suraj Estate Developers Limited — Updates, 19-03-2025: Press Release

Suraj Estate Developers Limited has successfully acquired a plot of land measuring approximately 390 square meters at Shivaji Park, Dadar, for INR 4.75 Crores. The payment has been fully settled, including all associated costs. The company plans to develop a luxury residential project on the site, taking advantage of FSI benefits, which is projected to comprise around 0.16 lakh square feet of saleable carpet area and an estimated gross development value (GDV) of INR 80 Crores. This strategic acquisition aims to cater to the growing demand for luxury living in the area and is well-positioned near the upcoming Siddhivinayak Metro Station, enhancing its attractiveness. The project is expected to provide high-quality 2 BHK and 3 BHK apartments, meeting the evolving needs of discerning buyers.