Suraj Estate Developers rallies 16.5% on acquiring Dadar land, unlocks ₹100 Cr GDV redevelopment projectSuraj Estate Developers rallies 16.5% on acquiring Dadar land, unlocks ₹100 Cr GDV redevelopment project

Introduction

Leading real estate developer acquired land in Dadar West, Mumbai, for redevelopment project with estimated ₹100 crore GDV in South Central Mumbai micro-market.

Also Read: H.G. Infra Engineering stock rallies 19% on securing ₹519 Cr railway infrastructure project in UP

Share price movement of Suraj Estate Developers

On April 16, 2026, Suraj Estate Developers Ltd opened at ₹234.50, up 3.09% from its previous close of ₹227.50. The stock reached a high of ₹265.00 (16.48%) and a low of ₹234.00. By 11:52 AM, it traded at ₹254.45, a 11.85% increase, with a market cap of ₹1,215.59 crore.

Suraj Estate Acquires Dadar Land

Suraj Estate Developers Limited acquired land parcel in Dadar West, Mumbai, at G/North ward Acquisition cost is ₹8.53 crore plus 2,200 sq ft to landowners totaling about ₹18 crore approximately

The company will redevelop the plot with estimated Gross Development Value of around ₹100 crore Project size is about 0.18 lakh sq ft in South Central Mumbai micro-market area region

The project is expected to strengthen near to medium term pipeline and consolidate presence in South Central Mumbai It is close to Lower Parel Worli and Bandra Kurla Complex area

Stock performance of Suraj Estate Developers for period of 1 week, 6 months, and 1 year

Suraj Estate Developers Ltd delivered a 1-week return of 8.62%, a 6-month return of -15.8%, and a 1-year return of -26.6%.

Also Read: SRM Contractors moves up 13% on bagging ₹168 Cr highway construction contracts from NHAI

Shareholding pattern of Suraj Estate Developers

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	69.60%	69.60%	69.60%
FII	1.80%	1.70%	2.20%
DII	1.00%	0.90%	1.50%
Public	27.60%	27.80%	26.80%

About Suraj Estate Developers

Suraj Estate Developers Ltd (NSE: SURAJEST) operates in real estate since 1986, developing residential and commercial projects across South Central Mumbai, including premium and luxury segments.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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