Suraj Estate Developers acquires land in Mumbai with ₹100 crore GDV

Suraj Estate Developers acquires land in Mumbai with ₹100 crore GDV

Suraj Estate Developers shares are likely to remain in focus on April 16 after the company acquired a land parcel with an estimated Gross Development Value (GDV) of around ₹100 crore. The company has acquired a parcel of land at Dadar (West), Mumbai for an acquisition cost of Rs 8.53 crore plus an area of 2,200 sq ft to be handed over to land owners, leading to a total acquisition cost of Rs 18 crore. The company intends to undertake redevelopment of the plot of land with a sale carpet area of 0.18 lakhs sq ft. In the previous trading session, the share closed down 0.64 percent or Rs 1.40 at Rs 217.80. The share touched a 52-week high of Rs 398 and a 52-week low of Rs 168.80 on 06 June, 2025 and 30 March, 2026, respectively. Currently, the stock is trading 42.84 percent below its 52-week high and 34.77 percent above its 52-week low. The market capitalisation of the company stands at Rs 1,086.84 crore.

Source: https://www.moneycontrol.com/news/business/stocks/suraj-estate-developers-shares-in-focus-on-acquiring-land-with-gdv-of-rs-100cr-13890108.html

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