Suraj Estate Developers Limited IPO Detail

Incorporated in 1986, Suraj Estate Developers Limited is a real estate construction company. The company develops real estate across the residential and commercial sectors in the South Central Mumbai region. The company relies entirely on third-party contractors for its Projects' construction services, as it does not provide any construction services on its own. Suraj Estate Developers Limited has completed forty-two (42) projects with a developed area of more than 1,046,543.20 square feet in the South-Central Mumbai region. In addition to the Completed Projects, the company have thirteen (13) Ongoing Projects with a developable area of 20,34,434.40 square feet and saleable carpet area of 6,09,928 square feet and sixteen (16) Upcoming Projects with an estimated carpet area of 7,44,149 square feet.

The projects company has Suraj Eleganza-II and ICICI Apartments, CCIL Bhavan (Phase-I-up to 6th floors) and Tranquil Bay-I, Elizabeth Apartment and Mon Desir, St. Anthony Apartments, Lumiere and Tranquil Bay-II, Brahmsidhhi CHS, Jacob Apartments, Suraj Eleganza-I, and Gloriosa Apartments and more. As of September 30, 2023, the Company and its Subsidiaries had 126 permanent employees. Suraj has developed over 10 lakh square feet of land in Mumbai. In the residential portfolio, Suraj is present across the "value luxury" and "luxury" segments across multiple price points with unit values ranging from ₹10.00 million to ₹130.00 million. In the commercial portfolio, Suraj has constructed and sold built-to-suit corporate headquarters to institutional clientele, namely, Saraswat Cooperative Bank Limited (Prabhadevi), National Stock Exchange of India, Union Bank of India, and Clearing Corporation of India Limited (Dadar).