India, Feb. 24 -- Mumbai-based Suraj Estate Developers Limited on February 24 announced the completion of its acquisition of 100% shares of Hally Pacific Private Limited, which owns a vacant land parcel in Prabhadevi. The company plans to undertake a new development on the site, which has an estimated saleable carpet area of about 0.367 lakh sq ft and a projected Gross Development Value (GDV) of nearly Rs.200 crore.

According to the company, the acquisition was completed pursuant to a Share Purchase Agreement executed on February 20, 2026, for a total consideration of approximately 30.40 crore, resulting in Hally Pacific Private Limited becoming a wholly owned subsidiary of the company.

"The acquired entity owns a vacant land admeasurin...