Suraj Estate Developers Limited has informed the Exchange regarding a press release dated September 22, 2025, titled "Press Release for new project".
SURAJEST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suraj Estate Developers has launched a new residential project called 'Suraj Park View 1' at Shivaji Park, Dadar (West) in Mumbai. The project has an estimated Gross Development Value (GDV) of ₹250 crore and offers about 0.53 lakh sq. ft. of saleable carpet area. It is a 29-storey tower with 1, 2, and 3 BHK homes ranging from 469 to 872 sq. ft., developed under a redevelopment model using DCPR 2034 regulations. The company already has 10 ongoing projects and 19 upcoming projects in its pipeline, with a track record of 45 delivered projects totaling over 16 lakh sq. ft. Management said the response to the project has been strong, building on the success of the earlier 'Suraj Park View 2' launch in the same area.
This new ₹250 crore project adds to the company's growth pipeline in the premium South-Central Mumbai market and could boost future revenue and bookings, which is generally positive for shareholders. However, the launch is part of ongoing business activity rather than a material financial event, so any immediate stock impact may be limited.