Suraj Estate Developers Limited
Incorporated in 1986, Suraj Estate Developers Limited is a real estate construction company that develops residential and commercial real estate in the South Central Mumbai region.
What Suraj files
- Others68
- Investor Meet36
- Updates24
- Important23
- Board Meeting13
- QIP/Rights/Pref.7
Suraj Estate Developers reported strong Q1FY27 results: Sales Value jumped 74% to Rs 141 Cr, Sales Area also up 74%. Total Income rose 10% to Rs 146 Cr, PAT grew 7% to Rs 23 Cr. The firm acquired new land in Dadar for Rs 18 Cr, with potential GDV of...
Suraj Estate's subsidiary acquired Mahim development rights for ₹75 Cr. This expands its pipeline with ~1.5 lakh sqft, projecting an ₹800 Cr GDV for the new project. The move boosts the combined Suraj One Business Bay GDV over ₹2,000 Cr, strengthening Mumbai presence.
Suraj Estate Developers announced strong yearly performance with Sales Value up 23% to ₹615 Cr and Collections up 9% to ₹421 Cr. PAT declined 10% to ₹90 Cr due to higher finance costs. Key project launches and strategic land acquisitions bolster future growth with significant GDV potential.
Suraj Estate Developers acquired land in Dadar (West) for ~₹18 crore. This adds a project with an estimated Gross Development Value of ~₹100 crore and ~0.18 lakh sq ft saleable area, strengthening its South-Central Mumbai pipeline.
Suraj Estate Developers forfeited ₹49.875 Cr from 13.3 lakh unexercised convertible warrants. The initial 50% subscription amount was retained as the warrant holder did not convert them by the deadline.