Suraj Estate Launches ₹1,200 Crore Premium Commercial Project in Mumbai's Mahim
South Central Mumbai-based real estate firm, Suraj Estate Developers Ltd, has announced the launch of its marquee commercial project, One Business Bay, with an estimated gross development value (GDV) of ₹1,200 crore. The project, spanning a carpet area of 2.09 lakh square feet, has received MahaRERA registration.
The project is strategically located at the junction of Senapati Bapat Marg in Mahim, offering strong 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.
Aligned 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.
Commenting on the launch, Rahul Thomas, Whole-Time Director of Suraj Estate, said, “One Business Bay represents a significant step forward in our strategy to strengthen Suraj Estate’s commercial footprint in South Central Mumbai. With a GDV of ₹1,200 crore, we anticipate strong institutional and end-user interest driven by its connectivity, design excellence, and sustainability-led approach.”
With this launch, Suraj Estate has initiated projects worth nearly ₹1,600 crore in FY26, reaffirming its steady growth momentum and value creation across asset classes. Shares of the company ended lower on Thursday, November 13, down 2.09% at ₹279.20 on the NSE.
