Suraj Estate’s One Business Bay clocks Rs 200 crore sales within 45 days of launch

The total estimated GDV of the project stands at Rs 1,200 crore.(Representative Photo)

• Suraj Estate sold 40,000 sq ft at One Business Bay in 45 days since launch
• Project's gross development value from early sales is about Rs 200 crore
• Company plans to explore more commercial projects in South Central Mumbai

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Suraj Estate Developers Limited has reported strong early sales at its newly launched commercial project, One Business Bay, underscoring rising demand for ownership-led office spaces in South Central Mumbai.

The company said it has sold around 40,000 square feet within 45 days of the project’s mid-November 2025 launch, translating into a gross development value (GDV) of about Rs 200 crore. The total estimated GDV of the project stands at Rs 1,200 crore.

Located along Senapati Bapat Marg, One Business Bay is being developed on a freehold land parcel of around 0.75 acres and offers a total saleable area of about 2.09 lakh square feet. The project is positioned close to key business hubs such as BKC and is aimed at companies seeking Grade-A office spaces with strong road connectivity.

Suraj Estate has previously delivered standalone corporate office buildings for institutions such as Saraswat Co-operative Bank and The Clearing Corporation of India in Prabhadevi and Dadar. With One Business Bay, the developer is scaling up its presence in the commercial real estate segment.

The project features two basement levels, multiple podium parking floors, a double-height entrance lobby, a dedicated E-Deck breakout zone, and 15 office floors. Each floor houses between 11 and 15 units, catering to a mix of corporate occupiers. The building has been designed by architect Hafeez Contractor and includes retail and food-and-beverage spaces.

Encouraged by the initial response, the company said it is evaluating similar commercial opportunities in South Central Mumbai.

Rahul Thomas, Whole-Time Director at Suraj Estate Developers, said, “The initial sales 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. The response strengthens our conviction to selectively explore additional commercial opportunities in the same corridor, while continuing to maintain execution discipline and focus on value-accretive growth.”

Suraj Estate Developers has been active in Mumbai’s real estate market since 1986, with a focus on residential and commercial projects across Mahim, Dadar, Prabhadevi and Parel, and has recently begun expanding into Bandra.