Suraj Estate Developers Expands Presence in Mumbai with New Land Acquisitions
Realty firm Suraj Estate Developers Ltd has made significant strides in expanding its presence in Mumbai with the acquisition of two parcels of land in Bandra (West). The company announced these acquisitions on December 19, as part of its ongoing development plans.
One parcel measures approximately 1,760 square metres, while the other is around 906.37 square metres. These acquisitions are aimed at reinforcing the company's footprint in Bandra (West), a prime location known for its strategic connectivity to key business hubs.
Last month, Suraj Estate Developers launched its marquee commercial project, One Business Bay, with an estimated gross development value (GDV) of ₹1,200 crore. The project spans a carpet area of 2.09 lakh square feet and has received MahaRERA registration. Located at the junction of Senapati Bapat Marg in Mahim, One Business Bay offers excellent connectivity to Mumbai’s key business hubs, including Dadar, Prabhadevi, Lower Parel, and Bandra Kurla Complex (BKC), via major railway networks, the Sitladevi Metro Aqua Line, and Tulsi Pipe Road.
One Business Bay will feature 182 premium business office units, high-end retail spaces, restaurants, cafés, and a dedicated double-height 'E-Deck' breakout zone for social and recreational activities. The development includes a double-height entrance lobby, eight levels of podium parking, two basement levels, and 14 office floors.
In line with global green standards, the project incorporates sustainability-driven features such as energy-efficient UV-protected facades, advanced air filtration systems, and central air-conditioning to minimize energy consumption, as stated in the company's exchange filing.
These strategic moves by Suraj Estate Developers Ltd reflect the company's commitment to growth and development in the Mumbai real estate market. Shares of Suraj Estate Developers Ltd ended at ₹236, up by ₹5.05, or 2.19%, on the BSE on December 19, indicating positive market sentiment towards the company's expansion plans.