Suraj Estate Developers to Invest Rs 850 Crore in Mumbai's Mahim Commercial Project
Realty developer Suraj Estate Developers is set to invest Rs 850 crore in a commercial project in South Central Mumbai's Mahim, marking the company's entry into the commercial segment.
Suraj Estate DevelopersCommercial ProjectSouth Central MumbaiMahimReal EstateReal Estate MumbaiNov 14, 2025
The project, to be developed on three-fourth of an acre, is estimated to have a carpet area of 2.09 lakh sq ft and a Gross Development Value (GDV) of Rs 1,200 crore, the company said. The development will come up on two adjacent amalgamated plots. One of the plots was acquired by the company from Tata Motors Ltd in 2021, and the other was acquired from Oriental Pharmaceuticals Industries Ltd in 2024.
“This project represents a significant step forward in our strategy to strengthen Suraj Estate’s commercial footprint in South Central Mumbai. With a GDV of Rs 1,200 crores, we expect strong institutional and end-user interest, driven by the location's connectivity advantages, the project’s design, and sustainability-led approach,” said Rahul Thomas, Whole-Time Director, Suraj Estate Developers.
With this project, the listed developer has rolled out projects with a cumulative GDV of over Rs 1,600 crores in this financial year. Suraj Estate has previously developed institutional projects such as Saraswat Bank Bhavan with 60,000 sq ft in Prabhadevi and 90,000-sq-ft CCIL Bhavan in Dadar.
The proposed commercial project will be 14 storeys with 182 office units, along with retail and food outlets. The project site is located on Senapati Bapat Marg, offering connectivity to the western and central railway networks, the Sitladevi Metro Aqua Line, and Tulsi Pipe Road, providing access to Dadar, Prabhadevi, Lower Parel, and Bandra-Kurla Complex.
The planned BKC–Senapati Bapat Marg connector is expected to add access to the Western Express Highway and Mumbai airports, further enhancing the project's connectivity and appeal to potential investors and end-users.
Frequently Asked Questions
What is the total investment for the commercial project in Mahim?
The total investment for the commercial project in Mahim is Rs 850 crore.
What is the expected Gross Development Value (GDV) of the project?
The expected Gross Development Value (GDV) of the project is Rs 1,200 crore.
On which plots will the project be developed?
The project will be developed on two adjacent amalgamated plots, one acquired from Tata Motors Ltd in 2021 and the other from Oriental Pharmaceuticals Industries Ltd in 2024.
What is the carpet area of the proposed commercial project?
The carpet area of the proposed commercial project is 2.09 lakh sq ft.
What are the key connectivity features of the project site?
The project site is located on Senapati Bapat Marg, offering connectivity to the western and central railway networks, the Sitladevi Metro Aqua Line, and Tulsi Pipe Road, providing access to Dadar, Prabhadevi, Lower Parel, and Bandra-Kurla Complex. The planned BKC–Senapati Bapat Marg connector will add access to the Western Express Highway and Mumbai airports.
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