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 player in the Indian real estate sector, has appointed Dr. Ananta Singh Raghuvanshi as a Woman Independent Director. The appointment was approved by shareholders through a postal ballot voting process that concluded on December 03, 2025.

Key Highlights of the Appointment

• Appointment Duration: Dr. Raghuvanshi has been appointed for five consecutive years, until September 09, 2030.
• Voting Results: The special resolution was passed with 99.9995% votes in favor.
• Shares Voted: 3.33 crore shares participated in the voting process.
• Position Terms: The appointment is not liable to retire by rotation.

Candidate Profile

• Experience: Dr. Ananta Singh Raghuvanshi brings 34 years of real estate industry experience to the board.
• Qualifications: PhD in Management, MRICS qualification, and a TEDx speaker.
• Previous Roles: Executive positions at DLF, Emaar MGF, and Damac.
• Current Positions: Chairperson and Founder of NAREDCO Mahi, Independent Director at Share India Securities Limited.

Regulatory Compliance

The appointment aligns with SEBI's mandate requiring the top 1000 listed companies, based on market capitalization as of December 31, 2024, to have at least one woman independent director on their board.

Impact and Outlook

The appointment of Dr. Raghuvanshi signifies Suraj Estate Developers' commitment to both regulatory compliance and strengthening its corporate governance structure. This move is expected to bring expertise and diversity to the company's board, potentially enhancing its decision-making processes and strategic direction in the real estate market.

The shareholder approval for Dr. Raghuvanshi's appointment reflects investor confidence in her capabilities and the company's governance practices. This development may be viewed positively by investors and industry observers, as it represents a step in the company's corporate governance journey.