Suraj Estate Developers Acquires Hally Pacific for ₹30.40 Cr, Plans ₹200 Cr GDV Project
Suraj Estate Developers acquired 100% shares of Hally Pacific Private Limited for ₹30.40 crore. The acquired entity owns a land parcel in Prabhadevi, Mumbai, where Suraj plans a project with an estimated GDV of ₹200 crore. This acquisition is expected to enhance the company's project pipeline.
The acquisition is significant for the company's project pipeline and presence in a key market, but the financial impact is moderate relative to the company's overall scale.
The acquisition of a land parcel with significant GDV potential is a positive development for the company's growth and future revenue visibility.
Suraj Estate Developers Limited announced the successful acquisition of 100% shares of Hally Pacific Private Limited on February 23, 2026. This acquisition was finalized through a Share Purchase Agreement executed on February 20, 2026, for a total consideration of approximately ₹30.40 crore.
Hally Pacific Private Limited owns a strategically located vacant land parcel of approximately 717.39 square meters at Sayani Road, Prabhadevi, Mumbai, a key micro-market known for strong demand and excellent connectivity. This entity now becomes a wholly-owned subsidiary of Suraj Estate Developers.
The company plans to develop this site, with an estimated sale carpet area of approximately 0.367 lakh sq ft and an estimated Gross Development Value (GDV) of ₹200 crore. This acquisition is expected to strengthen the company's near-to-medium term project pipeline and consolidate its presence in South-Central Mumbai.
Mr. Rahul Thomas, Whole-time Director, stated that the acquisition is a significant step in strengthening their development pipeline. He highlighted the strong demand fundamentals in the Prabhadevi micro-market and expressed confidence that the project will contribute meaningfully to long-term value creation for stakeholders.
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Suraj Estate Developers Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Suraj Estate Developers Limited. Read the original for the full detail.