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.
Mumbai Real EstateCommercial ProjectSuraj EstateOne Business BaySustainabilityReal Estate MumbaiNov 13, 2025
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.
Frequently Asked Questions
What is the estimated gross development value (GDV) of One Business Bay?
The estimated gross development value (GDV) of One Business Bay is ₹1,200 crore.
Where is One Business Bay located?
One Business Bay is located at the junction of Senapati Bapat Marg in Mahim, Mumbai.
What are the key features of One Business Bay?
One Business Bay features 182 premium business office units, high-end retail spaces, restaurants, cafés, a dedicated double-height 'E-Deck' breakout zone, a double-height entrance lobby, eight levels of podium parking, two basement levels, and 14 office floors.
What sustainability features are incorporated in One Business Bay?
One Business Bay incorporates sustainability-driven features such as energy-efficient UV-protected facades, advanced air-filtration systems, and central air-conditioning to minimize energy consumption.
Who is the Whole-Time Director of Suraj Estate and what did they say about the launch?
Rahul Thomas, Whole-Time Director of Suraj Estate, said that One Business Bay represents a significant step forward in the company's strategy to strengthen its commercial footprint in South Central Mumbai, anticipating strong institutional and end-user interest due to its connectivity, design excellence, and sustainability-led approach.
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