Suraj Estate Developers Achieves ₹200 Crore Bookings from One Business Bay in 45 Days
Suraj Estate Developers, a prominent Mumbai-based real estate developer, has announced impressive sales performance for its flagship commercial project, One Business Bay. The company recorded ₹200 crore in gross bookings within just 45 days of the project's launch in mid-November. This success highlights the robust demand for premium commercial spaces in South Central Mumbai.
The project's strong sales momentum reflects a high demand for ownership-led office spaces in the South Central Mumbai corridor. One Business Bay's early success validates Suraj Estate Developers' strategic expansion into the commercial segment, building on its established track record of delivering corporate office buildings to prominent clients, including Saraswat Co-operative Bank Limited and The Clearing Corporation of India Limited.
One Business Bay is being developed on a freehold land parcel measuring 0.75 acres, offering excellent connectivity to Senapati Bapat Marg. The project is designed to meet Gold LEED standards and cater to the demand for high-quality Grade-A offices. Designed by Hafeez Contractor, one of India's renowned urban architects, the project represents a complete ecosystem for modern business operations.
The development features comprehensive infrastructure, including 2 levels of basement parking, a double-height grand entrance lobby, 8 levels of podium parking, and a double-height E-Deck level with approximately 28 feet height. The project comprises 15 office floors with a floor-to-floor height of 14 feet, multiple destination-controlled high-speed elevators, 182 premium business office units, and premium retail spaces, restaurants, and cafés.
The project's strategic positioning offers significant advantages with proximity to the Bandra-Kurla Complex (BKC) and direct access to Senapati Bapat Marg. This location places One Business Bay in one of Mumbai's most connected commercial corridors, making it highly attractive to enterprises and investors seeking future-ready workspaces.
Rahul Thomas, Whole-Time Director of Suraj Estate Developers, commented on the development: 'The initial sales momentum at One Business Bay validates our decision to expand into the commercial segment. Our continued focus on commercial real estate is a natural progression, backed by decades of development experience in South Central Mumbai and a strong understanding of this micro-market.'
Encouraged by the early traction at One Business Bay, the company is selectively evaluating similar opportunities for commercial projects within the South-Central Mumbai micro-market while maintaining execution discipline and focusing on value-accretive growth. Suraj Estate Developers has been active in the real estate sector since 1986, with a strong focus on residential and commercial development in South Central Mumbai, specializing in value luxury, luxury, and commercial segments.
The company's portfolio includes over 45 delivered projects, with a total developed area of 16.09 lakh square feet. Currently, Suraj Estate Developers has 13 ongoing projects with a total RERA area of 7.55 lakh square feet and 16 upcoming projects with an estimated area of 11.57 lakh square feet. This robust pipeline underscores the company's commitment to sustainable and strategic growth in the real estate sector.
