Suraj Estate Developers to Launch Rs 850-Cr Commercial Project in Mumbai
Suraj Estate Developers, known for their institutional projects, are set to invest Rs 850 crore in a new commercial development in the Mahim area of Mumbai, marking their entry into the commercial real estate segment. The project, spanning three-fourth of an acre, will feature a 14-storey building with 182 office units, retail spaces, and food outlets. The total carpet area will cover 2.09 lakh sq. ft., with a gross development value (GDV) of Rs 1,200 crore.
The site, located on Senapati Bapat Marg, benefits from strong connectivity to key areas, including the Western and Central Railways, Sitladevi Metro Aqua Line, and Tulsi Pipe Road, providing easy access to Dadar, Prabhadevi, Lower Parel, and BKC. These connectivity options make the location highly attractive for both institutional and end-user demand.
Suraj Estate has a strong track record in the real estate sector, having previously developed projects like Saraswat Bank Bhavan in Prabhadevi and CCIL Bhavan in Dadar. These projects have been well-received due to their strategic locations and high-quality construction. The new commercial development in Mahim is expected to generate significant interest from both institutional investors and end-users, thanks to its prime location, modern design, and focus on sustainability.
The design of the building includes modern amenities and sustainable features, making it an attractive option for businesses looking to establish a presence in a bustling commercial hub. The retail spaces and food outlets will cater to the needs of the office-goers and the local community, further enhancing the project's appeal.
With the growing demand for high-quality commercial spaces in Mumbai, Suraj Estate's new project is poised to meet the needs of a diverse range of businesses. The company's commitment to quality and sustainability is expected to set a new standard in the commercial real estate market, making it a valuable addition to the Mahim area and the broader Mumbai landscape.