Suraj Estate Developers Expands with Strategic Land Acquisition for Ambavat Bhavan
Suraj Estate Developers Limited, a prominent real estate developer in South Central Mumbai, has acquired a prime land parcel in Lower Parel, enhancing the scope of its upcoming project, Ambavat Bhavan.
Real EstateSuraj Estate DevelopersAmbavat BhavanLower ParelValueluxuryReal Estate MumbaiAug 26, 2025
The amalgamation of the two land parcels envisions the development of premium 1 and 2 BHK residential apartments in the value-luxury segment. The project will be developed under regulation 33(7) of DCPR 2034, ensuring optimized layouts, wider frontage, and ample parking. These features are designed to deliver an exceptional living experience in Mumbai’s thriving Lower Parel micro-market.
Strategically located, the project offers unmatched access via Western and Central railway lines, the Monorail, Eastern Freeway, and Mumbai Coastal Road. Residents will enjoy proximity to top-tier healthcare, retail, and entertainment options, along with vibrant commercial hubs in Lower Parel, Worli, and Prabhadevi.
Commenting on the acquisition, Mr. Rahul Thomas, Promoter and Whole-Time Director of Suraj Estate Developers Limited, said, “This acquisition will strengthen our presence in the South-Central Mumbai’s value-luxury segment. By integrating this land parcel with our upcoming Ambavat Bhavan project, we are creating a landmark development that blends superior design, premium amenities, and sustainable value for our customers.”
Suraj Estate Developers continues to consolidate its position as a trusted developer in South Central Mumbai with a strong portfolio of value-luxury, luxury, and commercial projects across key micro-markets such as Dadar, Mahim, Prabhadevi, and Lower Parel.
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 firmly established its presence in key micro-markets such as Mahim, Dadar, Prabhadevi, and Parel, and is now expanding into the Bandra sub-market.
Specialising in value luxury, luxury, and commercial segments, Suraj Estate Developers has built strong expertise in redeveloping tenanted properties under DCPR 33(7)—a key redevelopment model in South-Central Mumbai. With limited land availability in this region, the company’s core strength lies in tenant negotiation and settlement, enabling it to unlock value in densely populated areas. Suraj strategically targets cessed and non-cessed buildings with existing tenants, partnering with landlords through development agreements or outright purchases to drive high-value urban transformation.
Since inception, the company has successfully delivered 45 projects totaling over 16.09 lakh square feet of developed area. Currently, it has 10 ongoing projects with a total RERA saleable carpet area of 4.7 lakh square feet, and 19 upcoming projects with an estimated saleable carpet area of ~ 12.2 lakh square feet.
For more information, visit: www.surajestate.com
Safe Harbor:
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential, and target dates for project-related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions, or other factors.
Frequently Asked Questions
What is the total consideration for the land acquisition by Suraj Estate Developers?
The total consideration for the land acquisition by Suraj Estate Developers, inclusive of stamp duty and registration charges, is ₹6.44 crores.
What is the estimated saleable carpet area of the combined Ambavat Bhavan project?
The estimated saleable carpet area of the combined Ambavat Bhavan project is 0.32 lakh sq. ft.
What regulation will the project be developed under?
The project will be developed under regulation 33(7) of DCPR 2034.
What are the key features of the Ambavat Bhavan project?
The key features of the Ambavat Bhavan project include optimized layouts, wider frontage, ample parking, and premium 1 and 2 BHK residential apartments.
What is the projected Gross Development Value (GDV) of the Ambavat Bhavan project?
The projected Gross Development Value (GDV) of the Ambavat Bhavan project is ₹130 crores.
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