Suraj Estate Developers Achieves Rs200 Crore Bookings for One Business Bay

Mumbai, January 6, 2026: Suraj Estate Developers Limited, a leading real estate developer in South Central Mumbai, has announced a strong sales performance for its landmark commercial project, One Business Bay, launched in mid-November 2025. The company has achieved a sale of 40,000 square feet within 45 days of the project's launch, translating to a Gross Development Value (GDV) of Rs200 crores out of the total estimated project GDV of Rs1,200 crores. The strong sales momentum for One Business Bay reflects the robust demand for ownership-led office spaces in South Central Mumbai.

Suraj Estate has a proven track record in fulfilling the needs of the corporate sector. In the past, the company has delivered independent corporate office buildings to prominent clients such as Saraswat Co-operative Bank Limited and The Clearing Corporation of India Limited in Prabhadevi and Dadar.

One Business Bay, with a saleable area of 2.09 lakh square feet, is being developed on a freehold land parcel of 0.75 acres. The project is strategically located and well-connected to Senapati Bapat Marg, enhancing its appeal to enterprises and investors seeking high-quality Grade-A offices. The project is designed to meet Gold LEED standards, ensuring environmental sustainability and efficiency.

The project features a comprehensive design, including 2 levels of basement, a double-height grand entrance lobby, 8 levels of podium parking, and a double-height E-Deck level (approximately 28 feet in height). It also includes 15 office floors with a floor-to-floor height of 14 feet. Equipped with multiple destination-controlled high-speed elevators and an intelligent system, each office floor houses 11 to 15 business units, catering to a diverse mix of corporates and other entities. These features combine efficiency, design sophistication, and functionality.

Designed by Architect Hafeez Contractor, a renowned name in urban architecture, One Business Bay is envisioned as a complete ecosystem to accommodate 182 premium business office units. The project also includes premium retail spaces, restaurants, cafés, and a dedicated double-height E-Deck breakout zone for employee socializing and recreation.

The strategic location of One Business Bay, with its proximity to BKC and direct access to Senapati Bapat Marg, positions it to attract enterprises and investors looking for future-ready workspaces in one of Mumbai’s most connected commercial corridors.

Encouraged by the early traction at One Business Bay, Suraj Estate Developers is selectively evaluating similar opportunities for commercial projects within the South-Central Mumbai micro-market.

Commenting on the achievement, Mr. Rahul Thomas, Whole-Time Director of Suraj Estate Developers, said, “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. The response strengthens our conviction to selectively explore additional commercial opportunities in the same corridor, while continuing to maintain execution discipline and focus on value-accretive growth.”

About Suraj Estate Developers: Suraj Estate Developers has been a prominent player in the real estate sector since 1986, with a strong focus on residential and commercial development in the South Central Mumbai region. The company has established a deep presence in key micro-markets such as Mahim, Dadar, Prabhadevi, and Parel, and is now strategically expanding into the Bandra sub-market.

Specializing in the value luxury, luxury, and commercial segments, Suraj Estate Developers has built recognized expertise in the redevelopment of tenanted properties under DCPR 33(7), a cornerstone model in South Central Mumbai. With land parcels in this region being limited, the company’s core strength lies in tenant negotiation and settlement, a capability that enables it to unlock value in densely populated areas. Suraj actively identifies cessed and non-cessed buildings with existing tenants and partners with landlords through development agreements or outright acquisitions to drive impactful urban transformation.

Since its inception, the company has successfully delivered over 45 projects, totaling more than 16.09 lakh square feet of developed area. Its current portfolio includes 13 ongoing projects with a total RERA saleable carpet area of 7.55 lakh square feet and 16 upcoming projects with an estimated saleable carpet area of approximately 11.57 lakh square feet.