Suraj Estate Share Price Rises 13%; Acquires Dadar West Land for ₹18 Crore Development

Suraj Estate Developers Limited has acquired a land parcel in Dadar (West), Mumbai, for an estimated total acquisition cost of around ₹18 crore. 

The cost includes ₹8.53 crore for the land along with additional value attributed to 2,200 sq ft area to be handed over to landowners and stamp duty expenses. The location falls within the G/North ward, a well-established micro-market known for strong real estate demand.

Prime Location Advantage

Dadar (West) offers excellent connectivity and proximity to key commercial hubs such as Lower Parel, Worli, and Bandra Kurla Complex. This strategic positioning enhances the attractiveness of the project, making it appealing for both residential and investment purposes. The micro-market continues to witness steady demand due to its central location and infrastructure advantages.

Development Plans and Growth Outlook

The company plans to redevelop the land with a saleable carpet area of approximately 0.18 lakh sq ft. The project is expected to generate an estimated Gross Development Value of around ₹100 crore. This development will strengthen Suraj Estate’s project pipeline in the near to medium term while reinforcing its presence in the South-Central Mumbai market.

Commenting on the update, Mr. Rahul Thomas, Whole-time Director, Suraj Estate Developers, said, “This acquisition marks another significant step in strengthening our development pipeline within our core SouthCentral Mumbai markets. The Dadar micro-market continues to demonstrate strong demand fundamentals supported by excellent connectivity and established social infrastructure. With an estimated GDV of approximately ₹100 crores, the project bolsters our portfolio of upcoming projects thereby enhancing our medium-term revenue visibility.” 

He further added, “We remain committed to disciplined growth, selective acquisitions, and efficient execution, and are actively evaluating additional opportunities that align with our strategic vision. We believe this project will contribute meaningfully to long-term value creation for our stakeholders while further strengthen our position in the South-Central Mumbai development landscape.”

Suraj Estate Developers Share Price Today

On April 16, 2026, Suraj Estate Developers share price opened at ₹234.80, At 11:25 AM, the share price of Suraj Estate Developers was trading at ₹258.06, up by 13.58% on the NSE.

Also Read: Suraj Estate Developers Acquires Prabhadevi Land Parcel for ₹30.40 Crore!

Conclusion

This acquisition aligns with Suraj Estate’s strategy of focusing on high-potential micro-markets. With a strong pipeline and premium location advantage, the project is expected to contribute to future growth and value creation.

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