Suraj Estate Acquires Hally Pacific in Prabhadevi

04 Mar 2026 CW Team

The acquired land measures 717.39 square metres and is located in an established micro-market characterised by strong demand fundamentals and excellent connectivity to Lower Parel and Worli. Suraj Estate estimates an approximate sale carpet area of 0.0367 million (mn) square feet for the project and an estimated gross development value of Rs two billion (bn). The project is expected to strengthen the company’s near to medium term pipeline and to consolidate its presence in the Prabhadevi sub-market.

Management indicated that the acquisition aligns with the company’s strategy of selective acquisitions and disciplined growth and that the Prabhadevi site complements existing development capabilities including tenant settlement expertise. Company executives stated that the micro-market’s established social infrastructure and connectivity support medium term demand and revenue visibility for upcoming projects. The firm said it is actively evaluating additional opportunities that fit its strategic vision while prioritising efficient execution.

Suraj Estate Developers has operated in the South-Central Mumbai region since 1986 and has completed more than 45 projects with a developed area of 1.609 million (mn) square feet. The company currently has 13 ongoing projects with a developable area of 2.354 million (mn) square feet and a saleable RERA carpet area of 0.755 million (mn) square feet, along with 17 upcoming projects with an estimated sale carpet area of 1.194 million (mn) square feet. The transaction is expected to contribute to long term value creation for stakeholders and to bolster the firm’s project pipeline.

Suraj Estate Developers Limited has completed the acquisition of 100 per cent shares of Hally Pacific Private Limited, which owns a vacant land parcel at Sayani Road, Prabhadevi, Mumbai. The acquisition was completed under a share purchase agreement executed on February 20, 2026 for a consideration of Rs 304 million (mn), resulting in Hally Pacific becoming a wholly owned subsidiary of the company. The company has announced plans to develop the site as part of its South-Central Mumbai pipeline. The acquired land measures 717.39 square metres and is located in an established micro-market characterised by strong demand fundamentals and excellent connectivity to Lower Parel and Worli. Suraj Estate estimates an approximate sale carpet area of 0.0367 million (mn) square feet for the project and an estimated gross development value of Rs two billion (bn). The project is expected to strengthen the company’s near to medium term pipeline and to consolidate its presence in the Prabhadevi sub-market. Management indicated that the acquisition aligns with the company’s strategy of selective acquisitions and disciplined growth and that the Prabhadevi site complements existing development capabilities including tenant settlement expertise. Company executives stated that the micro-market’s established social infrastructure and connectivity support medium term demand and revenue visibility for upcoming projects. The firm said it is actively evaluating additional opportunities that fit its strategic vision while prioritising efficient execution. Suraj Estate Developers has operated in the South-Central Mumbai region since 1986 and has completed more than 45 projects with a developed area of 1.609 million (mn) square feet. The company currently has 13 ongoing projects with a developable area of 2.354 million (mn) square feet and a saleable RERA carpet area of 0.755 million (mn) square feet, along with 17 upcoming projects with an estimated sale carpet area of 1.194 million (mn) square feet. The transaction is expected to contribute to long term value creation for stakeholders and to bolster the firm’s project pipeline.

Infrastructure Urban

30 May 2026

Zinc City Half Marathon Returns In September

Hindustan Zinc will host the third edition of the Vedanta Zinc City Half Marathon in Udaipur on 6 September 2026. Organised in association with Any Body Can Run, the AIMS-certified race will feature 21.097 km, 10 km and 5 km categories.Registrations will open from 1 June 2026 through the Udaipur Marathon and Hindustan Zinc social media pages and websites, and will remain open until slots are filled. A virtual run option will also allow participants from across the world to join the event.Known as India’s Most Beautiful Marathon, the race will take runners through Udaipur’s Fateh Sagar lake..

Infrastructure Energy

30 May 2026

RIR Power Posts Rs 90.87 Crore Revenue In FY26

RIR Power Electronics reported standalone revenue of Rs 90.87 crore for FY26, up 5.41 per cent from Rs 86.21 crore in FY25. Adjusted EBITDA stood at Rs 10.58 crore, while PAT declined to Rs 6.72 crore from Rs 8.28 crore. The adjusted EBITDA margin stood at 11.64 per cent.For Q4 FY26, the company posted revenue of Rs 23.95 crore, up 18.16 per cent sequentially but lower than Rs 26.46 crore in Q4 FY25. Adjusted EBITDA rose to Rs 2.46 crore from Rs 0.86 crore in Q3 FY26, while PAT increased sequentially to Rs 1.39 crore.The company said cleanroom construction at its SiC semiconductor plant in Bhu..

Equipment

30 May 2026

Zoomlion Expands Hybrid Farm Machinery Globally

Zoomlion is expanding its global deployment of new energy and intelligent agricultural machinery, showcasing hybrid tractors, smart harvesters and crop-specific mechanisation solutions across exhibitions in Turkey, South Africa, Thailand, Brazil and China.The DV3504 and DQ2604 hybrid tractors were highlighted in Turkey and South Africa as solutions for large-scale farming, lower fuel consumption and high-load applications such as deep tillage. Brazil also marked a key milestone, with Zoomlion launching the DV3504 for the local market and aligning it with the country’s green agriculture needs..