Mumbai, January 5, 2026: Suraj Estate Developers Limited (NSE: SURAJEST, BSE: 544054) has reported strong early traction from its flagship commercial development Suraj One Business Bay, recording gross bookings of ₹200 crore within 45 days of launch.
The project, launched in mid-November 2025, has achieved sales of around 40,000 square feet, translating into approximately 17 percent of the project’s estimated gross development value of ₹1,200 crore. The early momentum underscores sustained demand for ownership-led Grade A office spaces in South Central Mumbai.
Project Scale and Design Highlights
Suraj One Business Bay is being developed on a freehold land parcel of about 0.75 acres and offers a total saleable area of 2.09 lakh square feet. The project is strategically located with direct access to Senapati Bapat Marg, providing strong connectivity to key commercial hubs including Bandra Kurla Complex.Key structural and design features include two basement levels, a double-height entrance lobby, eight podium parking levels, a double-height E-Deck breakout level of approximately 28 feet, and 15 office floors with floor-to-floor heights of 14 feet. Each office floor accommodates 11 to 15 business units, supported by destination-controlled high-speed elevators and intelligent building systems. The development is designed to meet Gold LEED standards.
Architect Hafeez Contractor has conceptualized the project as an integrated commercial ecosystem comprising 182 premium office units along with retail spaces, restaurants, cafés, and dedicated social and recreational zones for employees.
Track Record and Commercial Strategy
Suraj Estate Developers has previously delivered independent corporate office buildings for institutions such as Saraswat Co-operative Bank and The Clearing Corporation of India in Prabhadevi and Dadar, strengthening its credibility in the commercial real estate segment.Commenting on the development, Rahul Thomas, Whole-Time Director, said that the initial response validates the company’s strategic expansion into commercial real estate. He added that the company is selectively evaluating additional commercial opportunities within the South Central Mumbai micro-market while maintaining execution discipline and a focus on value-accretive growth.
About the Company
Suraj Estate Developers Limited is a Mumbai-based real estate developer with operations spanning residential and commercial projects across Mahim, Dadar, Prabhadevi, Parel, and the Bandra sub-market. Established in 1986, the company has delivered over 45 projects covering more than 16.09 lakh square feet. Its current portfolio includes 13 ongoing projects with a RERA saleable area of 7.55 lakh square feet and 16 upcoming projects with an estimated saleable area of about 11.57 lakh square feet.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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