India's real estate landscape is undergoing a dramatic shift as tier-2 and tier-3 cities now account for nearly half of all land acquisitions by developers. This emerging trend, backed by a 20% surge in housing sales and 43% growth in the primary market, signals a fundamental reorientation.

Suraj Estate Developers, situated in Mumbai, plans to raise 400 crore via a main market share sale. The residential and commercial firm plans to use ₹285 crore for debt payments for both itself and its subsidiaries. The corporation would also spend 35 crore on property or land development rights.