Suraj Estate Developers Buys Hally Pacific for ₹30.40 Crore


NEW DELHI: Suraj Estate Developers has successfully acquired 100% of the shares of Hally Pacific, which owns a vacant land parcel located at Sayani Road, Prabhadevi, Mumbai.

This acquisition was finalized based on a share purchase agreement dated February 20, 2026, for a total amount of approximately ₹30.40 crore, making Hally Pacific a wholly owned subsidiary of the company.

The newly acquired land spans around 717.39 sq meters. The company plans to develop this site with an estimated saleable carpet area of approximately 0.367 lakh sq ft and an anticipated gross development value (GDV) of around ₹200 crore.

Rahul Thomas, the company’s whole-time director, stated, “With an estimated GDV of around ₹200 crore, this project strengthens our portfolio of upcoming initiatives, enhancing our medium-term revenue visibility.”

  • Published On Feb 24, 2026 at 10:00 AM IST

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