Suraj Estate Developers Limited has informed the Exchange regarding a press release dated July 13, 2025, titled "Press release for new project".
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Suraj Estate Developers has launched a new premium residential project called 'Suraj Aureva' in Prabhadevi, Mumbai, with a projected Gross Development Value (GDV) of ₹120 crore. The project is a 21-storey tower offering 1 BHK, 2 BHK, and 3 BHK homes with RERA carpet area ranging from 450 to 806 sq. ft., priced starting at ₹2.47 crore. It has a saleable carpet area of approximately 0.24 lakh sq. ft. and is being developed under a capital-efficient redevelopment model using DCPR 2034 regulations. The project is Maha RERA registered and offers select residences with views of the Shree Siddhivinayak Temple. The company has 13 ongoing projects and 19 upcoming projects in its pipeline, all focused on the South-Central Mumbai market.
This launch adds to the company's growing project pipeline and reinforces its focus on the premium value-luxury segment in South-Central Mumbai. The capital-efficient redevelopment model should support margins, and the prime Prabhadevi micro-market location could drive healthy demand, though the ₹120 crore GDV is a modest addition to the existing portfolio.