Suraj Estate Developers Expands Portfolio with Strategic Acquisition in Prabhadevi
Mumbai: Suraj Estate Developers Limited, a leading real estate developer in South Central Mumbai, has announced the successful completion of the acquisition of 100% shares of Hally Pacific Private Limited. This strategic move involves a strategically located vacant land parcel at Sayani Road, Prabhadevi, Mumbai.
The acquisition was finalized following the execution of a Share Purchase Agreement on February 20, 2026, for a total consideration of approximately ₹30.40 crore. As a result, Hally Pacific Private Limited is now a wholly-owned subsidiary of Suraj Estate Developers Limited.
The acquired entity owns a vacant land parcel measuring approximately 717.39 square meters, situated in Prabhadevi. This area is one of Mumbai’s established micro-markets, known for strong demand fundamentals, excellent connectivity, and proximity to key commercial districts such as Lower Parel and Worli.
Suraj Estate Developers plans to develop the project site with an estimated saleable carpet area of around 0.367 lakh square feet. The project is expected to have a Gross Development Value (GDV) of approximately ₹200 crore. This development is anticipated to strengthen the company’s near-to-medium term project pipeline and consolidate its presence in the South-Central Mumbai real estate market.
Commenting on the acquisition, Mr. Rahul Thomas, Whole-time Director of Suraj Estate Developers, stated, “This acquisition marks another significant step in strengthening our development pipeline within our core South-Central Mumbai markets. The Prabhadevi micro-market continues to demonstrate strong demand fundamentals supported by excellent connectivity and established social infrastructure. With an estimated GDV of approximately ₹200 crore, the project bolsters our portfolio of upcoming projects, thereby enhancing our medium-term revenue visibility.
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 strengthening our position in the South-Central Mumbai development landscape.”
Suraj Estate Developers Limited is a well-established real estate developer with a strong presence in South Central Mumbai. The company is known for its high-quality residential and commercial projects, and this acquisition further solidifies its position in the market. The company’s focus on strategic acquisitions and disciplined growth strategies is expected to drive its future success and expansion in the region.
