Suraj Estate Developers Limited has announced the launch of 'Suraj Aureva,' a premium residential project in the highly sought-after neighborhood of Prabhadevi, Mumbai. The new development, with an estimated Gross Development Value (GDV) of ₹120.00 crore, marks a significant addition to the company's portfolio in the South Central Mumbai (SCM) market.

Project Highlights

Unique Features

Suraj Aureva stands out in the value-luxury segment with several distinctive features:

1. Spiritual Connection: Select residences offer unobstructed views of the revered Shree Siddhivinayak Temple.
2. Smart Design: Includes Jodi apartment configurations and podium parking.
3. Prime Location: Situated on a corner plot along a main road, providing panoramic views and enhanced privacy.
4. Strategic Positioning: Addresses the growing demand for premium compact homes in Prabhadevi.

Location Advantages

The project benefits from Prabhadevi's excellent infrastructure and connectivity:

• Proximity to cultural and commercial hubs like Dadar, Shivaji Park, and Worli
• Access to top-tier schools, hospitals, and restaurants
• Seamless connectivity via Western & Central Railway lines and key arterial roads
• Upcoming infrastructure upgrades: Mumbai Coastal Road, Aqua Metro Line, and Worli Sea Link

Management Commentary

Mr. Rahul Thomas, Whole-Time Director of Suraj Estate Developers, commented on the launch: "With Suraj Aureva, we are unveiling a development that seamlessly blends spiritual significance, strategic location, and intelligent design in one of Mumbai's most cherished neighborhoods. Offering unobstructed views of the iconic Siddhivinayak Temple and situated in the heart of Prabhadevi, Suraj Aureva reflects our commitment to creating meaningful, location-driven living experiences."

Company Background

Suraj Estate Developers has been in the real estate business since 1986, focusing primarily on the South Central Mumbai region. The company specializes in residential and commercial developments, with a particular emphasis on the value luxury and luxury segments. Their expertise lies in the redevelopment of tenanted properties, a key factor in unlocking value in land parcels within their focus area.

To date, Suraj Estate Developers has completed 42 projects, developing over 10.47 lakh square feet in the South Central Mumbai region. The company currently has 13 ongoing projects with a saleable RERA carpet area of 6.10 lakh square feet and 19 upcoming projects with an estimated carpet area of approximately 12.20 lakh square feet.

The launch of Suraj Aureva aligns with the company's strategy to capitalize on the increasing demand for premium compact residences in prime locations, further solidifying its position in the South Central Mumbai real estate market.

*T&C applied

Suraj Estate Developers , a prominent player in the real estate sector, has announced impressive financial results, showcasing robust growth and ambitious future plans.

Financial Highlights

The company reported a substantial 48.5% increase in profit after tax, reaching ₹100.20 crore. This significant jump in profitability was accompanied by a strong 33.1% growth in total income, which stood at ₹553.20 crore.

The company's performance is particularly noteworthy as it managed to improve its profit margin to 18.3%, indicating enhanced operational efficiency and cost management.

Future Outlook

Looking ahead, Suraj Estate Developers has set its sights on further expansion. The company has announced plans to launch projects worth ₹2,000 crore in the upcoming fiscal year. This ambitious pipeline suggests confidence in the market and the company's ability to capitalize on growth opportunities in the real estate sector.

Market Implications

The strong financial performance and aggressive growth plans of Suraj Estate Developers could potentially signal positive trends in the real estate market. The company's ability to significantly increase profits and income, coupled with its substantial project launch plans, may indicate a robust demand for real estate in its operational areas.

Investors and market watchers will likely keep a close eye on how Suraj Estate Developers executes its planned ₹2,000 crore worth of projects and whether this expansion translates into continued financial growth for the company.