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.

Resources

04 Mar 2026

DP World Installs Container Pavilion In Lucknow

DP World has expanded its Beyond Boundaries Initiative with the installation of a repurposed shipping container pavilion and the distribution of 250 cricket kits in Lucknow, aimed at strengthening grassroots access to cricket in Uttar Pradesh. The converted shipping container has been developed into a multi-purpose pavilion for training, preparation and rest. It was unveiled at the Bharat Ratna Shri Atal Bihari Vajpayee Cricket Stadium in the presence of former Indian cricketer Yuvraj Singh and will be permanently housed at Sage Cricket Academy. The initiative has been implemented in partner..

Infrastructure Urban

04 Mar 2026

KEC International Secures New Orders Worth Rs 10,020 mn

KEC International Limited has secured new orders totalling Rs 10,020 mn across its businesses, the company said on 24 February 2026. The orders were received in the normal course of business and cover Transmission and Distribution and Cables and Conductors verticals. The company indicated that the wins strengthen its order book and diversify its customer mix in India. The orders reflect continued demand for infrastructure solutions and follow sustained bidding activity. The Transmission and Distribution business secured composite orders for 220/132 kV transmission lines, substations and extra ..

Infrastructure Urban

04 Mar 2026

Coforge Wins $158 Million Five-Year UK Contract

Coforge Limited has secured a US dollar 158 million (mn) five-year contract with a United Kingdom based client that will commence in April 2026. Revenue under the agreement will be accrued evenly over the five-year term. The company anticipates material expansion of ancillary revenue around this core engagement from the same client over the contract period. The arrangement underscores client confidence in the firm's delivery model and its ability to scale services across multiple jurisdictions. The firm will provide digital services and solutions under the contract and expects deliverables to ..