Suraj Estate Developers through its wholly-owned subsidiary Iconic Property Developers, has acquired through Conveyance a vacant parcel of land admeasuring around 1,464 square meters (around 15,758 square feet) situated at Senapati Bapat Marg, Mahim (W), Mumbai, for a consideration of Rs 101 crore. The entire consideration along with stamp duty and registration charges has been fully paid. The project envisions the development of a commercial building with an estimated RERA carpet area of 1.03 lakhs square feet with a gross development value (GDV) of around 525 crore.
The newly acquired land parcel is strategically positioned adjacent to a previously acquired vacant plot, intended for the development of a commercial building. The amalgamation of these two plots, will enable the development of a composite commercial building with larger floor plates to meet the growing demand of corporate clients.
Suraj Estate Developers builds and develops real estate, with a focus on best-in-class collaborations and client assurance.
