Suraj Estate Developers rises on acquiring freehold plot of land in Mumbai
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Suraj Estate Developers is currently trading at Rs. 370.05, up by 5.25 points or 1.44% from its previous closing of Rs. 364.80 on the BSE.
The scrip opened at Rs. 370.50 and has touched a high and low of Rs. 377.95 and Rs. 367.55 respectively. So far 10008 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 377.40 on 22-Apr-2024 and a 52 week low of Rs. 256.00 on 27-Mar-2024.
Last one week high and low of the scrip stood at Rs. 377.95 and Rs. 326.35 respectively. The current market cap of the company is Rs. 1644.24 crore.
The promoters holding in the company stood at 74.95%, while Institutions and Non-Institutions held 8.77% and 16.28% respectively.
Suraj Estate Developers has acquired freehold plot of land admeasuring around 1,073.42 square meters situated off Lady Jamshedji Road, Mahim (West), Mumbai for a total consideration of Rs 33.10 crore. The project is a redevelopment project which entails redevelopment of 7 tenants/occupants who have vacated their respective premises and the plot is rendered vacant. After deducting the FSI required for rehabilitating the said tenants / occupants of the property and surplus area to be handed over to MHADA, the estimated balance carpet area available for sale is about 2,787 square meters (30,000 sq. ft.) with a GDV of Rs 120 crore.
Suraj Estate Developers builds and develops real estate, with a focus on best-in-class collaborations and client assurance.
