Mumbai Real Estate SHOCKER: Suraj Estate Unveils Massive ₹1200 Crore Commercial Project! See Details

Real Estate

|

Updated on 13 Nov 2025, 01:49 pm

Suraj Estate Developers Ltd has announced the launch of its significant commercial venture, 'One Business Bay,' located in Mahim, South Central Mumbai. This project is valued at an estimated ₹1,200 crore (Gross Development Value) and covers a carpet area of 2.09 lakh square feet. The development promises excellent connectivity to major business districts like Dadar, Prabhadevi, Lower Parel, and Bandra Kurla Complex, facilitated by nearby railway lines, a metro line, and major roads. 'One Business Bay' will offer 182 premium office units, high-end retail and dining spaces, and a unique social breakout zone. The project emphasizes sustainability with features like energy-efficient facades and advanced air filtration. Rahul Thomas, Whole-Time Director, stated this marks a key step in expanding their commercial portfolio and that the company has already initiated projects worth nearly ₹1,600 crore in FY26. Impact This launch is a positive development for Suraj Estate Developers, signaling growth in its commercial segment and potentially boosting future revenues. It could also draw investor attention to the company and the Mumbai real estate market. 6/10 Difficult Terms Gross Development Value (GDV): This is the total projected revenue a real estate developer expects to earn from a project upon its completion and sale of all units. MahaRERA registration: MahaRERA stands for Maharashtra Real Estate Regulatory Authority. Registration is mandatory for real estate projects in Maharashtra, ensuring transparency and accountability. Carpet Area: The actual usable floor area within an apartment or commercial space, excluding walls and common areas. Connectivity: Refers to the ease with which a location can be reached from other places, using various modes of transport.