Suraj Estate Developers Limited saw its shares rise more than 3% on Tuesday after the company announced the launch of its new residential project, Suraj Park View 1, in South Central Mumbai. The upscale value-luxury tower is strategically located at Shivaji Park, Dadar (West), a prime and culturally vibrant neighborhood.
The project carries an estimated Gross Development Value (GDV) of ₹250 crore with a saleable carpet area of nearly 0.53 lakh sq. ft. Suraj Estate is executing this development under a capital-efficient redevelopment model, leveraging key provisions of DCPR 2034, namely Regulations 33(7), 33(7)B, and 33(12).
Commenting on the launch, Mr. Rahul Thomas, Whole-Time Director at Suraj Estate Developers, said that Suraj Park View 1 embodies the cultural essence of Dadar while catering to the aspirations of modern homebuyers. He highlighted that following the strong success of Suraj Park View 2, the new project is already witnessing healthy interest from potential buyers. According to him, the tower promises enhanced amenities, an elevated lifestyle, and long-term value creation for residents.
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