Suraj Estate Targets ₹2,000 Crore Launch Pipeline, Reports Impressive Q2 Performance
Suraj Estate Developers Limited has announced a ₹2,000 crore launch pipeline by FY26, including new projects in South Mumbai, entry into commercial real estate in Mahim, and land acquisition in Lower Parel. The company reported strong Q2FY26 results, with pre-sales value up 88.80% and total income rising 9.20%.
Real EstateSuraj EstateSouth MumbaiCommercial Real EstateFinancial PerformanceReal Estate MumbaiOct 27, 2025
The company has announced a strategic expansion plan targeting a ₹2,000 crore launch pipeline by FY26. This growth strategy encompasses new projects in South Mumbai, entry into commercial real estate in Mahim, and land acquisition in Lower Parel. Suraj Estate aims to achieve over 30% return on equity by FY26, signaling confidence in its growth trajectory.
The company's financial performance for Q2FY26 demonstrates strong growth. Pre-sales rose by 89% quarter-on-quarter to ₹152.90 crore, while the carpet area sold increased by 111% to 34,875 sq. ft. Total income rose 9.20% to ₹145.40 crore, and profit after tax (PAT) grew 55.50% to ₹33.10 crore. The company's projects, including Suraj Aureva and Parkview, show strong sales progress.
Project Updates
Suraj Aureva (Prabhadevi)
- Total saleable area: 0.24 lakh sq.ft.
- Estimated GDV: ₹120 crore
- Inventory sold: 39%
Suraj Parkview (Dadar W)
- Saleable area: 0.53 lakh sq.ft.
- Estimated GDV: ₹250 crores
- Inventory sold: 42%
Commercial Project in Mahim (W)
- Building plan approval obtained
- MOEF approval received
- Commencement Certificate (CC) in advanced stages
Expansion in Lower Parel
- Acquired adjoining land parcel for 'Ambavat Bhavan & RK Mansion' project
- Total saleable carpet area expanded to 0.32 Lakh Sq Ft
- Combined GDV: Approximately ₹130 crore
Management Commentary
Mr. Rahul Thomas, Whole Time Director of Suraj Estate Developers, commented on the performance: 'We delivered a robust performance for the quarter, marked by successful new launches and strong operational momentum, which reaffirms the strength of the Suraj brand in South-Central Mumbai.'
He added, 'We remain firmly on track to achieve our FY26 launch target of ₹2,000 crore GDV, including ₹1,200 crore from our upcoming commercial project. With key approvals already in place for the commercial project, we are geared up for a high impact launch in November 2025.'
The company's performance this quarter reflects its strong execution focus, healthy sales momentum, and strategic portfolio expansion. Suraj Estate Developers appears well-positioned to capitalize on the growing demand in the South-Central Mumbai real estate market.
Corporate Governance
The Board of Directors has approved a notice for postal ballot to regularize the appointment of Dr. Ananta Singh Raghuvanshi as an Independent Director. Additionally, Mr. Himanshu Kamdar has been appointed as the conducting officer for the postal ballot process. Suraj Estate Developers operates exclusively in real estate and allied activities, with all operations based in India. The company's strong financial performance indicates robust demand in the real estate sector and effective execution of its business strategies.
Market Implications
The significant growth in revenue and profitability may positively impact investor sentiment towards Suraj Estate Developers. The company's strategic expansion and strong financial results position it well for continued growth in the competitive Mumbai real estate market.
Background Information
Suraj Estate Developers Limited is a leading real estate developer based in South-Central Mumbai. The company is known for its high-quality residential and commercial projects, and its strong market presence has been built on a foundation of customer satisfaction and innovative design.
Frequently Asked Questions
What is Suraj Estate Developers' target launch pipeline by FY26?
Suraj Estate Developers targets a ₹2,000 crore launch pipeline by FY26.
How much did pre-sales value increase in Q2FY26 compared to Q1FY26?
Pre-sales value increased by 88.80% in Q2FY26 compared to Q1FY26.
What is the estimated GDV for Suraj Aureva in Prabhadevi?
The estimated GDV for Suraj Aureva in Prabhadevi is ₹120 crore.
What key approvals has the commercial project in Mahim received?
The commercial project in Mahim has received building plan approval and MOEF approval.
Who is the Whole Time Director of Suraj Estate Developers?
Mr. Rahul Thomas is the Whole Time Director of Suraj Estate Developers.
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