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Suraj Estate Developers Limited ( (IN:SURAJEST) ) has provided an update.
Suraj Estate Developers Limited has announced the acquisition of a 644 sq. meter land parcel in Lower Parel, Mumbai, for ₹6.44 crores, which will be integrated into their upcoming Ambavat Bhavan project. This acquisition enhances the project’s total GDV to approximately ₹130 crores, allowing for the development of premium 1 and 2 BHK residential apartments in the value-luxury segment. The project is strategically located, offering excellent connectivity and access to healthcare, retail, and commercial hubs, strengthening Suraj Estate Developers’ position in South-Central Mumbai’s real estate market.
More about Suraj Estate Developers Limited
Suraj Estate Developers, established in 1986, is a prominent real estate company focusing on residential and commercial development in South-Central Mumbai. The company specializes in value luxury, luxury, and commercial segments, with expertise in redeveloping tenanted properties under DCPR 33(7). It has a strong presence in key micro-markets such as Mahim, Dadar, Prabhadevi, and Parel, and is expanding into the Bandra sub-market.
Average Trading Volume: 18,612
Technical Sentiment Signal: Sell
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