The company has achieved a sale of an area of 40,000 square feet within 45 days of the launch of the project, which translates to a GDV of Rs 200 crore out of the total esmated project GDV of Rs 1,200 crore.
One Business Bay project, with a sale area of 2.09 lakhs square feet, is being developed on freehold land parcels admeasuring 0.75 acres and is well-connected to Senapati Bapat Marg.
Designed by Architect Hafeez Contractor, One Business Bay has been designed as a complete ecosystem that can accommodate 182 premium business office units.
Encouraged by early traction at One Business Bay, the company is selectively evaluating similar opportunities for commercial projects within the South-Central Mumbai micro-market.
Rahul Thomas, whole-time director, Suraj Estate Developers, said: “The initial soles momentum at One Business Bay validates our decision to expand into the commercial segment.
Our continued focus on commercial real estate is a natural progression, backed by decades of development experience in South Central Mumbai and a strong understanding of this micro-market.”
Suraj Estate Developers develops real estate across the residential and commercial sectors in South Central Mumbai region. The company has a residential portfolio located in the markets of Mahim, Dadar, Prabhadevi and Parel.
On a consolidated basis, net profit rose 4% year-on-year to Rs 33.1 crore in Q2 FY26 from Rs 31.8 crore in Q2 FY25. Revenue from operations stood at Rs 144.6 crore, up 33% YoY from Rs 109.1 crore in Q2 FY25.
The scrip rose 0.23% to currently trade at Rs 258.10 on the BSE.