Suraj Estate Developers Acquires Land with Estimated Development Value of Rs 100 crore
Suraj Estate Developers Acquires Land Parcel with Estimated GDV of ₹100 Crore
On April 16, Suraj Estate Developers is likely to remain in focus following the company's acquisition of a land parcel with an estimated Gross Development Value (GDV) of around ₹100 crore. The acquisition marks a significant development for the company, which has been actively involved in the real estate sector.
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, Suraj Estate Developers' shares closed down 0.64 percent or Rs 1.40 at Rs 217.80. The share has touched a 52-week high of Rs 398 and a 52-week low of Rs 168.80 on June 6, 2025, and March 30, 2026, respectively.
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| Statistic | 52-Week High | 52-Week Low | Current Price |
|---|---|---|---|
| Price | Rs 398 | Rs 168.80 | Rs 217.80 |
| Percentage Change | - | - | 42.84% below 52-week high, 34.77% above 52-week low |
The market capitalisation of the company stands at Rs 1,086.84 crore.
Investor Takeaway
Suraj Estate Developers' shares may remain in focus due to the acquisition of a land parcel with an estimated development value of Rs 100 crore.
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