Suraj Estate Developers Limited has been awarded the prestigious EuroMoney Real Estate Award 2025 for India's Best Residential Developer. This global recognition places the Mumbai-based real estate developer among internationally benchmarked real estate leaders and underscores its four-decade journey in transforming some of Mumbai's most established neighborhoods.

Award Recognition and Significance

The EuroMoney Real Estate Awards represent one of the most respected global assessments of performance across real estate, banking and finance sectors. Winners are chosen through comprehensive surveys of leading investors, financial institutions, corporates, and real estate advisory firms worldwide.

Company Strengths and Market Position

For Suraj Estate Developers, the award highlights its strengths in executing high-quality residential and redevelopment-led projects in land-scarce South-Central Mumbai. The company has earned a reputation for navigating the complexities of redevelopment under DCPR 33(7), consistently delivering value to tenants and homeowners in some of the city's most constrained micromarkets.

With a focus on design-led efficiency, Suraj Estate continues to create value luxury and luxury housing across key locations:

• Dadar
• Prabhadevi
• Mahim
• Parel
• Emerging Bandra region

Recent Developments and Commercial Expansion

This recognition comes close on the heels of One Business Bay, the company's landmark Grade A commercial development on Senapati Bapat Marg. The project reflects the clarity of design and deep market understanding that underpin Suraj Estate's award-winning residential portfolio. Together, the EuroMoney award and the launch of One Business Bay demonstrate the company's integrated strengths across both residential and commercial segments.

Management Commentary

Commenting on the recognition, Mr. Rahul Thomas, Whole Time Director at Suraj Estate Developers Limited, stated: "We are deeply honoured to be globally recognized as India's Best Residential Developer by Euromoney, a meaningful milestone for us. As we expand into the commercial space with One Business Bay, this acknowledgement reinforces the values that continue to guide us. This prestigious global accolade reaffirms our core strengths and inspires us to keep shaping Mumbai's evolving skyline."

Company Portfolio and Track Record

Suraj Estate Developers specializes in value luxury, luxury, and commercial segments, with recognized expertise in redevelopment of tenanted properties under DCPR 33(7). The company's core strength lies in tenant negotiation and settlement, enabling it to unlock value in densely populated areas of South Central Mumbai.

Strategic Impact

The EuroMoney Real Estate Award 2025 adds international weight to Suraj Estate Developers' growth trajectory. It validates the company's four decades of design-driven, community-centered development and strengthens confidence among homebuyers, institutional partners, and investors. The recognition reinforces the company's long-term contribution to reshaping South Central Mumbai's urban landscape.

Suraj Estate Developers Limited , a prominent real estate company, has announced a significant change in its senior management. Amit Vyas, who held the position of Vice President Sales and was part of the Senior Managerial Personnel, has tendered his resignation from the company.

Key Details of the Resignation

Impact on Company Structure

The departure of Amit Vyas is expected to affect the senior management structure of Suraj Estate Developers Limited. As a key figure in the sales department, his exit may lead to a reorganization of responsibilities within the company's leadership team.

Company's Response

Suraj Estate Developers Limited has officially acknowledged the resignation in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has not yet announced any immediate plans for Vyas's replacement or the redistribution of his responsibilities.

Looking Ahead

While the company has not provided specific details on succession plans, it is common for organizations to have contingency measures in place for such senior-level departures. Stakeholders and investors will likely be watching closely to see how Suraj Estate Developers Limited addresses this change in leadership and maintains continuity in its sales operations.

The real estate sector is known for its dynamic nature, and changes in key personnel can sometimes signal shifts in company strategy or market positioning. However, without further information from the company, it would be premature to speculate on any potential changes in Suraj Estate Developers' business approach or sales strategies.