Suraj Estate Developers Expands with Prime Land Acquisition in Lower Parel
Suraj Estate Developers Limited acquired a prime land parcel at N.M. Joshi Marg, Lower Parel, Mumbai, for ₹6.44 crores. This acquisition, integrated with the upcoming Ambavat Bhavan project, results in a significant development offering premium residential apartments. The project enhances the company's presence in South Central Mumbai’s value-luxury real estate segment.
- Country:
- India
In a strategic move, Suraj Estate Developers Limited has acquired a 644 square meters land parcel at N.M. Joshi Marg in Mumbai's Lower Parel. The ₹6.44 crore acquisition will merge with the adjacent Ambavat Bhavan project, creating a 1,310 square meters consolidated space.
This development will feature premium 1 and 2 BHK apartments, projecting a gross development value of ₹130 crores. The project promises optimized layouts, enhanced frontage, and ample parking facilities, offering a superior living experience with excellent connectivity.
Mr. Rahul Thomas, Promoter and Whole-Time Director of Suraj Estate Developers, emphasized this acquisition's role in strengthening their footprint in Mumbai's value-luxury segment. Suraj Estate Developers is well-respected in South Central Mumbai real estate, specializing in value-luxury and commercial sectors with a strong focus on tenant negotiation and redevelopment.
(With inputs from agencies.)
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