Suraj Estate Developers has acquired 100% shares of Hally Pacific, a company that owns a strategically located vacant land parcel at Sayani Road, Prabhadevi, Mumbai. The acquisition has been completed pursuant to a Share Purchase Agreement executed on February 20, 2026, for a total consideration of around Rs 30.40 crore, resulting in Hally Pacific becoming a wholly owned subsidiary of the company. 

The acquired entity owns a vacant land admeasuring around 717.39 square meters situated at Prabhadevi, one of Mumbai’s established micro-markets characterized by strong demand fundamentals, excellent connectivity, and proximity to key commercial districts such as Lower Parel and Worli. The company intends to undertake development on the said project site which an estimated sale carpet area of around 0.367 lakh sq. ft. with an estimated Gross Development Value (GDV) of around Rs 200 crore. The project is expected to strengthen the company’s near-to-medium term upcoming projects pipeline and further consolidate its presence in its core operating micro-market of South-Central Mumbai.

Suraj Estate Developers builds and develops real estate, with a focus on best-in-class collaborations and client assurance.