Asia
Suraj Estate Developers Acquires Dadar, India Land for INR180 Million; Shares Jump 13%
Suraj Estate Developers (NSE:SURAJEST, BOM:544054) has acquired a land parcel in Dadar (West), Mumbai, at a total acquisition cost of about 180 million Indian rupees, including consideration for area to be handed over to landowners and related charges, according to a filing with the Indian bourses on Wednesday.Shares of the real estate developer fell jumped nearly 13% in Thursday's trade.The company plans to redevelop the plot with a saleable carpet area of about 18,000 sq ft, with an estimated gross development value of around 1 billion rupees, the filing said.
BOM:544054NSE:SURAJEST
