Suraj Estate Developers completed the acquisition of 100% shares of Hally Pacific Private Limited, which owns land parcel in Prabhadevi, on Sayani Road. The transaction, executed through a Share Purchase Agreement dated February 20, 2026, was valued at approximately ₹30.40 crore, making Hally Pacific a wholly owned subsidiary of the company.
The acquired land in Prabhadevi measures about 717.39 sq. m. and is located in a well-established micro-market with strong residential demand and connectivity, close to key commercial hubs such as Lower Parel and Worli.
Suraj Estate Developers plans to develop a residential project on the site with an estimated sale carpet area of around 0.367 lakh sq ft and a projected Gross Development Value (GDV) of nearly ₹200 crore. The development is expected to strengthen the company’s upcoming project pipeline and reinforce its presence in South-Central Mumbai.
Commenting on the acquisition, Rahul Thomas, Whole-time Director of the company, said the project aligns with its strategy of focused expansion in core markets with strong demand and infrastructure, while enhancing medium-term revenue visibility and long-term value creation.
