New Delhi, December 5 (PTI) - Real estate firm Suraj Estate Developers Ltd has acquired a 1,464 square metre plot in Mumbai for Rs 525 crore to develop a high-end commercial project.
Suraj EstateReal EstateCommercial ProjectMumbaiLand AcquisitionReal EstateDec 05, 2024
The total cost of the land purchased by Suraj Estate Developers Ltd is Rs 525 crore.
The land is located in a prime location in Mumbai, a city known for its dynamic business environment and rapid urban development.
A state-of-the-art commercial project, encompassing office spaces, retail outlets, and other commercial facilities, is planned for the newly acquired land.
Mr. Rajiv Sharma is the CEO of Suraj Estate Developers Ltd.
The first phase of the project is expected to be completed by 2025.
The National Company Law Tribunal (NCLT) in Mumbai has sanctioned the acquisition of bankrupt Satra Properties by a consortium of realty firms.
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