Mumbai: Suraj Estate Developers Limited (the “Company”), a leading real estate player focused on South Central Mumbai (SCM) market with specialisation in redevelopment projects, announced its audited financial results for the quarter and year ended March’26.
• The decline in PAT during the year was primarily attributable to higher finance costs arising from recent acquisitions and ongoing business development activities
Business Updates:
- Achieved Sales value of ~₹615 crore during FY26, surpassing the Company’s guidance of ₹600 crore, reflecting disciplined execution and Company’s continued focus on driving sustainable business growth across South-Central Mumbai
- Successfully launched Suraj One Business Bay, Suraj Parkview 1 and Suraj Aureva during FY26 with cumulative Gross Development Value of ~₹1,600 crore across commercial and residential segments
- Acquired a strategically located land parcel at Sayani Road, Prabhadevi with estimated GDV potential of ~₹200 crore, strengthening the Company’s upcoming project pipeline in South-Central Mumbai
-
Signed an MOU for acquisition of development rights of a land parcel contiguous to Suraj One Business Bay, with incremental GDV potential of ~₹800 crore, taking the project’s combined GDV potential to over ₹2,000 crore
