Mumbai, April 16 -- The realtor has acquired a piece and parcel of land for an acquisition cost of Rs 8.53 crore plus an area of 2,200 sq ft to be handed over to land owners thus leading to total acquisition cost of around Rs 18.00 crore (on the basis of acquisition cost plus stamp duty market value of area to be handed over to land owners plus stamp duty cost).

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.

Rahul Thomas, whole-time director, Suraj Estate Developers, said, "This acquisition marks another significant step in strengthening our development pipeline within our core SouthCentral...