SURAJESTNSE27 May 2025

Suraj Estate Developers Limited has informed the Exchange about Investor Presentation

Suraj Estate Developers Limited

May 27, 2025

To National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (East) Mumbai – 400 051

To BSE Limited Phiroze Jeejeebhoy Towers 21st Floor, Dalal Street Mumbai – 400 001

NSE Symbol: SURAJEST

BSE Scrip Code: 544054

Dear Sir/ Madam,

Sub: Investor Presentation on audited Financial Results for the Quarter and Financial Year ended March 31, 2025

Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’)

Pursuant to Regulations 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, We enclose herewith Investor’s Presentation on the audited Financial Results for the Quarter and Financial Year ended March 31, 2025.

The same is also being uploaded on the Company’s website at www.surajestate.com

Kindly take the aforesaid information on record and oblige.

Thanking you,

Yours sincerely,

For Suraj Estate Developers Limited

Mukesh Gupta Company Secretary & Compliance officer ICSI Membership No.: F6959

SURAJ ESTATE DEVELOPERS LIMITED Aman Chambers, 3rd Floor, Century Bazaar, Prabhadevi, Mumbai, Maharashtra 400025 Call +91 022 2437 7877/+91 022 2436 0802/ +91 022 2432 7656/ +91 022 2436 3471 CIN No. L99999MH1986PLC040873 www.surajestate.com

Suraj Estate Developers Limited

Investor Presentation May 2025

Safe Harbor

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by the trailing restrictions.

This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe

for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof.

In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty,

express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this

presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or

to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.

Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward looking

statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”,

“shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and

other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or

implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among

others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological

changes, (e) investment income, (f) cash flow projections, and (g) other risks.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company

may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes.

Message From Whole Time Director

Commenting on the performance for Q4 & FY25, Mr. Rahul Thomas, Whole Time Director, Suraj Estate Developers, said, “FY25 was a remarkable year for us. While the strategic reconfiguration and consolidation of selected land parcels led to some delays in project launches, these steps have significantly enhanced the efficiency and long-term value of our project layouts. We saw strong, broad-based momentum across our portfolio — spanning luxury, value-luxury, and commercial segments. We are optimistic that the deferred commercial project along with few residential projects delayed due to regulatory approvals will be launched in H1FY26.

During the year, we raised Rs 343 crore, which was fully utilized towards acquiring commercial land, working capital and paying for additional FSI.

We recently acquired a ~390 square meter land parcel at Shivaji Park for Rs 4.75 crores where we plan to develop a luxury project with an estimated GDV od Rs 80 crores offering scenic sea views alongside excellent metro connectivity.

Our net debt rose from Rs 360 crores in December 2024 to Rs 414 crores in March 2025, driven by fund requirements for the launch of upcoming projects, including commercial project at Mahim, ParkView-1, Kowliwadi & Kripasiddhi project, project at Marinagar and land acquisition at Shivaji Park.

As we look ahead to FY26, we are excited about a robust launch pipeline, including a marquee commercial development in Mahim and multiple value-luxury projects in Mahim and Dadar. Our deep expertise in redevelopment under DCPR 33(7) continues to reinforce our leadership position in the South-Central Mumbai market.

With a calibrated strategy, a robust pipeline, and supportive market fundamentals, we are well-positioned to drive sustained growth and deliver long-term value to all our stakeholders.”

Commercial : Key Growth Driver in FY26

Initial Plan

Strategic Change in Plan

New Plan

Final Plot No 426-A

Final Plot No 426-B

o Size of Land Parcel : 1,500 sq m

o Acquired adjoining land parcel in December 2024

o Saleable Area: 1.06 lakhs sq ft

o Expected GDV: Rs 475 crores

o Year of Land Acquisition 2021

o We have completed majority regulatory approvals

o Size of Land Parcel: ~1,464 sq m

o Saleable Area : 1.03 lakhs sq ft

o Expected GDV: Rs 525 crores

o Consideration paid : Rs 101 crores

o Develop a larger land parcel of ~3,000 sq m

o Saleable Area: 2.09 lakhs sq ft

o Expected GDV: Rs 1,200 crores

o GDV because of the new plan went up to Rs 1,200crs from Rs 475crs

o We are in final stage of regulatory approval and expect to launch the project in H1FY26

We remain positive on the commercial sector, seeing strong demand, and have strategically changed the launch plan to capitalize on this momentum, with a robust pipeline set for FY26

Q4 & FY25 Financial and Operational Highlights

Q4 & FY25 Operational Performance

Sales Area (Sq Ft)

Sales Value (Rs cr)

Residential

Commercial

Residential

Commercial

+13.8%

1,07,136

25,848

92,136

22,713

16,656

15,736

24,171

89,539

122

+19.9%

107

102

146

139

+3.7%

483

501

489

Q4FY24

920 Q3FY25

1,677

Q4FY25

FY24

2,597 FY25

Q4FY24

5 Q3FY25

7 Q4FY25

FY24

12 FY25

Collections (Rs cr)

Average Realisation (Rs/Sq ft)

111

103

316

+22.3%

386

64,714

53,651

57,643

45,074

57,607

40,142

54,586

46,330

Q4FY25 Operational Performance:

•

Pre-sales for the quarter witnessed a strong growth driven primarily by robust sales in luxury projects such as Palette and Ocean Star, along with successful absorption of existing inventory

Realizations were high supported by strong contribution from luxury project sales

61.4% revenue came from sales of luxury units, and 31.3% revenue was from sales of value luxury units

FY25 Operational Performance:

•

Realizations were high as majority of pre-sales for the year are from luxury projects

Collections improved due to a strong execution focus and the steady, stage-wise progress of ongoing projects

46.2% revenue came from sales of luxury units, and 35.2% revenue was from sales of value luxury units

Q4FY24

Q3FY25

Q4FY25

FY24

FY25

Q4FY24

Q3FY25

Q4FY25

FY24

FY25

Q4 & FY25 Financial Performance

Total Income (Rs cr)

EBITDA (Rs cr)

PAT (Rs Cr)

137.2

103.0

54.5%

56.2

22.4%

30.8

19.5

18.3

Q4FY24

Q4FY25

Q4FY24

Q4FY25

Q4FY24

Q4FY25

Total Income (Rs cr)

EBITDA (Rs cr)

PAT (Rs Cr)

553.2

415.7

56.9%

236.4

37.4%

206.7

100.2

67.5

5 2 Y F 4 Q

5 2 Y F

FY24

FY25

FY24

FY25

FY24

FY25

Note : Total income and EBITDA include other income

Consolidated Profit & Loss Statement

Particulars

Q4FY25

Q4FY24

Y-o-Y (%)

Q3FY25

Q-o-Q (%)

FY25

Revenue from operations Other income Total income

Expenses Operating and project expenses Changes in Inventory of CWIP Employee benefit expenses Other expenses Total expenses

EBITDA# EBITDA Margins (%)

Finance costs Depreciation and amortisation PBT

Tax expense: - Current tax - Income tax for earlier period - Deferred tax charge/ (credit) Total tax expense

Profit after tax EPS

* Includes Other Income

136.5 0.7 137.2

107.3 -13.8 7.7 5.2 106.4

30.8 22.4%

4.0 0.8 26.0

3.7 0.0 4.0 7.7

18.3 3.6

100.4 2.7 103.0

79.0 -49.4 4.5 12.8 46.9

56.2 54.5%

25.0 1.7 29.5

6.6 1.3 2.2 10.1

19.5 4.4

33%

-45%

-12%

-6%

169.8 2.0 171.8

216.7 -106.1 5.7 7.7 124.0

47.8 27.8%

20.5 1.3 26.0

6.4 0.0 -0.3 6.0

20.0 4.2

-20%

-36%

-9%

549.1 4.1 553.2

461.5 -164.9 24.3 25.6 346.4

206.7 37.4%

65.7 5.0 136.1

33.1 0.0 2.8 35.9

100.2 21.8

In Rs Crs

Y-o-Y (%)

33%

-13%

45%

48%

FY24

412.2 3.5 415.7

222.0 -86.9 14.5 29.7 179.3

236.4 56.9%

138.9 3.7 93.9

28.1 1.3 -3.0 26.4

67.5 19.4

o Operating margins were impacted

by higher operating costs, including a ₹30 crore charge in FY25 for settling litigation with a JDA partner

o The settlement cost was split

equally, with ₹15 crore booked in Q3 FY25 and ₹15 crore in Q4 FY25

Consolidated Balance Sheet

Particulars

ASSETS

Non-current assets

a) Property, plant and equipment

b) Intangible assets

c) Right-of-use-asset

d) Financial assets

i) Other financial assets

e) Deferred tax assets (Net)

Total Non-Current Assets

Current assets

a) Inventories

b) Financial assets

i) Current Investments

ii) Trade receivables

iii) Cash and cash equivalents

iv) Bank balances

v) Loans

vi) Other financial assets

c) Other current assets

d) Current income tax assets (Net)

Total Current Assets

TOTAL ASSET

Mar-25 Mar-24

Particulars

23.5

9.2

4.2

8.9

3.3

49.1

22.5

10.8

4.1

11.1

6.5

55.1

904.1

739.2

2.9

56.5

14.0

25.1

21.6

3.2

1.4

106.7

105.3

6.9

3.2

669.0

266.7

0.9

1,697.4

1,235.3

1,746.5

1,290.4

EQUITY AND LIABILITIES Equity a) Equity share capital b) Other equity - Other reserves - Capital reserve related to business Total Share Capital Non-Controlling Interest Total Equity Liabilities Non-current liabilities a) Financial liabilities i) Borrowings ii) Lease liabilities iii) Other financial liabilities b) Provisions Total Non-Current liabilities Current liabilities a) Financial liabilities i) Short term borrowings ii) Trade payables - Amount due to other than Micro and small enterprises iii) Other financial liabilities iv) Lease liabilities b) Other current liabilities c) Provisions d) Income tax liabilities Total Current liabilities TOTAL LIABILITIES

In Rs Crs

Mar-25

Mar-24

23.1

21.4

896.5 -17.0 902.7 0.0 902.7

343.0 3.3 8.0 1.6 356.0

511.7 -17.0 516.2 0.0 516.2

240.3 3.5 6.4 1.6 251.8

113.3

185.3

42.9 20.5 1.3 279.5 0.2 30.2 487.9 1,746.5

35.9 61.4 0.6 222.3 0.1 16.8 522.4 1,290.4

Consolidated Cash Flow Statement

Particulars

Mar-25

Mar-24

In Rs Crs

CASH FLOW FROM OPERATING ACTIVITIES

Profit before taxes

Adjustments for Interest expenses/income, depreciation

Operating profit / (loss) before working capital changes

Changes in Working Capital

Direct Taxes (Paid)/Refund Received

136.1

67.6

203.7

-509.1

-19.1

93.9

142.3

236.1

-210.0

-17.1

Net Cash Generated / (Used) in Operating Activities

-326.4

9.0

Net Cash Generated / (Used) in Investing Activities

Net Cash Generated / (Used) in Financing Activities

Cash and cash equivalents at beginning of the period/ year

Cash and cash equivalents at end of the period/ year

Net Increase/ (Decrease) in cash and cash equivalents

78.6

237.8

1.3

11.3

10.1

-89.7

70.2

11.8

1.3

-10.5

‘Suraj’- Leading Real Estate Developer in South Central Mumbai (SCM)

Million sq.ft. constructed in prime locations in the South-Central Mumbai

Completed projects across residential & commercial segments

Years of experience in the real estate market of South-Central Mumbai region

Upcoming Projects

Ongoing Projects

Leading player in redevelopment scheme 33 (7). This allows to build scale in capital light business model

One of the Market Leaders in Redevelopment Projects in SCM*

Value Luxury 1 BHK and compact 2 BHK flats

Luxury 2/3/4 BHK flats

Sub-markets of South Central Mumbai (SCM)

ONE OF THE MARKET LEADERS IN REDEVELOPMENT

Mahim

Matunga

Dadar

Prabhadevi

Parel

263 Projects Launched in SCM sub-markets

160 (~61%) Redevelopment Projects

103 (~39)

New Projects

Commercial Built-to-suit model for select clientele & boutique offices

Bandra

(upcoming market)

Suraj’s Market Share

Source: Company Commissioned Anarock Report Note: *SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi and, Parel; Cumulative from 2016 to 2022

Redevelopment Expertise

Step 0

Timelines

Identification Of Land Bank (Plot Size, Title, Location, Tenant Density& FSI Scheme)

Step 1

Step 2

Step 3

Step 4

Step 5

Step 6

Step 7

Zero Date

Acquisition of land by way of Conveyance / Development Rights / JDA

4-6 Months

Obtaining 51% consent of tenants for redevelopment

3 Months

Obtaining IOD for the project

3 Months

Site vacation and demolition of old structure

3 Months

Obtaining CC and RERA registration

3-4 Years

Construction time period – 3 years for G+22 Storey Building and upto 4-5 years for high rise development from G+40 to 50 Storey

3 Months

OC and Handover of Possession

SCM : A Lucrative Micro Market In Mumbai

CARPET AREA 6,11,605

ESTIMATED CARPET AREA 10,20,307

Dynamics of SCM Market

Large pool of old/dilapidated buildings

Close proximity to key locations such as BKC, Worli

sea link, Lower Parel, etc

One of the few locations which allows residential +

commercial projects to be constructed

Improving infrastructure via multiple government

projects

Note: *SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi and, Parel Map Not To Scale

Our Journey Spanning Over 38 Years

1986

1990

1992

2000

2005

Incorporated as a private limited company

Completed maiden residential project at Mahim (W)

Delivered a building at Dadar (W) to a public sector bank

Delivered ‘ICICI Apartments’ at Dadar (W) as office quarters

Delivered 14 residential apartments in Dadar (W) to CCIL as office quarters

2010

2012

2017

2018

Delivered a commercial building ‘Saraswat Bank Bhavan’ at Prabhadevi as corporate office to Saraswat Co-operative Bank

Delivered a commercial building ‘CCIL Bhavan’ at Dadar (W) as corporate office for CCIL

Entered the luxury residential segment in SCM with launch of the flagship “Palette” at Dadar (W)

Raised Rs 2000 million term loan from Piramal Capital & Housing Finance for luxury projects

Launched a sea facing luxury project ‘Ocean Star’ at Dadar (W)

2019

2021

2022

2023

2024

Forayed into value luxury segment with a project at Dadar (W). Started 1BHK apartments

Launched another value luxury project at Dadar (W)

Launched two value luxury projects at Mahim (W)

Availed debt from ICICI Ventures through a subscription model towards NCD

Concluded 2 commercial sale transactions with Saraswat and CCIL

Launched value luxury project Suraj Parkview 2 at Dadar (W)

Entered into Society Redevelopment (Asset Light Model)

Availed new debt from Axis Finance 10%

Availed New debt of Rs 175cr from IndusInd Bank

Raised Rs 400 cr via Listing on BSE and NSE

Launched a value luxury/luxury residential project ‘Suraj Lumina’ at Mahim west

Raised Rs 343 cr via Preferential Allotment and Issue of Warrants

Proven Track Record Of Delivering Residential And Commercial Projects

Timeline of completed projects

9 1,85,649

2,04,957

1,59,720

2,40,412

1,65,418

90,386

1990-1995

1996-2000

2001-2005

2006-2010

2011-2015

2016-2023

Developed areas

Consultant and Contractor Relationships

Architects and Structural Consultants

Civil Contractors

Residential and Commercial Projects

Mangirish, Dadar

Tranquil Bay, Dadar

CCIL Bhavan Phase I : Upto 6th floor

Saraswat Bank Bhavan Phase I : Upto 7th floor

Comparison Of Various Business Models In MMR Region

Parameters

Land Status

Upfront Capital Requirement

Redevelopment of Tenanted Properties (Conveyance/ DA) Under DCPR 33(7)

Redevelopment of Society Under DCPR 33(7) B

Vacant Land- Normal Development

Conveyance / DA

Moderate

Low

Conveyance / JDA

High

FSI

Land Cost

Approval Cost

Availability of Plots in MMR Region Tenant Consent for Redevelopment Project Turnaround Time & Litigation Risk Mortgage of Land for Project Finance Project Turnaround Time Property Maintenance Cost EBIDTA Margins ROE / ROCE Sacalability

No of Ongoing & Upcoming Projects Under Each Category

Inherent FSI of 3.00 +35% Fungible.

No TDR / Additional FSI Cost.

Also has FSI Upside of Clubbing Scheme notified under 33(7)

Inherent FSI of 1.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSI Premium depending on Road Width

Inherent FSI of l.33 +35% Fungible and Additional FSI of up to 1.67 + 35% Fungible by way of Payment of TDR / Additional FSJ Premium dependingon Road Width

Moderate

Negligible

High

Lower Cost due to Concessions

High Approval Cost

High 51%

Moderate

Yes Moderate Low High Moderate High

High 51%

Moderate

No Moderate Moderate Low High High

Low Not Applicable

Low

Yes Low High Moderate Low Low

25 Projects

3 Projects

4 Projects

COMPETITIVE STRENGTHS

Competitive Strengths

Diversified Portfolio Across Value Luxury And Luxury Segments

Present Across Price Points, Unit Sizes And Sub-Markets In The SCM

Marketing & Sales Strategy

High Engagement Levels Through The Customer Lifecycle Create Network Effect

Experienced Board Of Directors With A Proficient Team Committed To The Brand’s Philosophy

Established Real Estate Brand In SCM

Leading Market Position & Ability To Sell During Construction Phase

Strong Expertise In Tenant Settlement In Redevelopment Projects

Redeveloped houses for 1,011 tenants free- of-cost

Freed up considerable FSI for commercial development

Strong Project Pipeline and Cashflows

Market Opportunity

Established Residential Real Estate Brand in SCM

Leading Market Position & Ability To Sell During Construction Phase

60%

In terms of supply of units

1st #1

16%

13%

11%

Suraj Estate Developers #1

Developer #2

Developer #3

Developer #4-#10

60%

Ongoing Residential Projects

Sr. No.

Project Segment

Project Developa ble Area (lakhs Sq ft)

Sale Carpet Area* (lakhs Sq ft)

Area Sold (lakhs Sq ft)

Unsold Area (Lakhs Sq ft)

Sales Achieved (Rs cr)

Avg Realisat ion (Rs cr)

Collection s Received (Rs cr)

% of area sold

Luxury

7.48

2.40

2.3

0.09

1,102.90

47,869

739.01

96.0%

In terms of absorption, in units

1st #1

15%

12%

Suraj Estate Developers #1

Developer #2

Developer #3

Developer #4-#10

Value Luxury**

Value Luxury / Luxury*

8.12

2.17

2.16

0.15

838.91

39,647

496.94

97.7%

4.26

1.13

0.97

0.17

239.40

24,717

191.43

85.4%

In terms of absorption value

5th #1

Developer #1

Developer #2

Developer #3

Developer #4

Suraj Developers #5

Developer #6-#10

Total

19.85

5.70

5.15

0.55

2,041.89

1,328.04

*Total Carpet Area for Sale reflects Group's share in Project Nirvana as per JDA and the Developable Area reflects Group’s pro-rata share of Total Developable Area of Project Nirvana as per the JDA) ** Includes two projects, Louisandra and Ave Maria which are completed but OC is awaited

Source: Company Commissioned Anarock Report Note: Market Share among top10 developers ; SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi & Parel ; Cumulative from 2016 to 2023 (Q1)

Diversified Portfolio Across Value Luxury And Luxury Segments (1/2)

Present Across Price Points, Unit Sizes And Sub-Markets In The SCM

Ongoing Projects

Carpet Area For Sale*

19%

35%

39%

Carpet Area Sold

17%

36%

40%

Total 6,11,605 sq.ft.

Total 5,80,302 sq.ft.

Total 10,20,307 sq.ft.

Upcoming Projects

Estimated Carpet Area For Sale**

20%

14%

59%

Value Luxury Luxury

Value Luxury / Luxury Commerical

Estimated Sold and Unsold Receivables from Ongoing Projects ~Rs 1,091cr

Source: Company

Note : * Total Carpet Area for Sale reflects Group's share in Project Nirvana as per JDA and the Developable Area reflects Group’s pro-rata share of Total Developable Area of Project Nirvana as per the JDA) ** Estimated Carpet Area for Sale has been calculated based on certain assumptions and estimates made by the company. The actual Carpet Area may vary from the estimated Carpet Area presented herein on the basis of plans approved by the Brihanmumbai Municipal Corporation (BMC).

Diversified Portfolio Across Value Luxury And Luxury Segments (2/2)

Ongoing Projects : Presence across unit sizes and price points

No. of offerings

Value Luxury Ticket Size : INR 10-30 mn

Luxury Ticket Size : INR 30-13 mn

300-400

400-500

500-650

650-800

800-950

1000-1300

1300-1500

1800-2200

1 BHK

2 BHK

43% Share of Value Luxury in Ongoing Projects (by carpet area)

61% Share of Value Luxury in Upcoming Projects (by carpet area)

3 BHK

4 BHK

Share of value luxury in new launches continues to increase

Better demand from end users

Better Sales Volume and Velocity

Strong Expertise In Tenant Settlement In Redevelopment Projects

Strong Track Record Of Tenant Settlement

Redeveloped houses for 1,011 tenants free-of-cost

Freed up considerable FSI for commercial development

Tenant Building – Ave Maria

Preferred Redevelopment Developer

As most land parcels in SCM are in the nature of redevelopment projects, tenant settlement is key to unlock value

15 out of 17 residential projects launched by Suraj are redevelopment projects

15 out of 18 upcoming projects are redevelopments

Source: Company Commissioned Anarock Report Note: (1) SCM sub-markets refer to Mahim, Matunga, Dadar, Prabhadevi, and Parel cumulative from 2016 to 2023 (Q1)

Marketing & Sales Strategies

High Engagement Levels Through The Customer Lifecycle Create Network Effect

Marketing Team ›

Identifies target market groups and uses promotional tools to attract them

Sourcing Team ›

Interacts with channel partners to drive walk-ins at the site

Customer Centric Approach Continuous customer engagement during and after sale and delivery strengthens the brand, creating goodwill

Customer Goodwill

Customer goodwill translates into significant customer referrals, expanding sales network

Sales Closing Team

› Dedicated team focusing

on deal closure

Customer Care Team

› Assists customers throughout initial booking to handover of their homes

Increasing Sales A stronger brand and wider sales network drive sales growth

Market Opportunity (1/2)

MMR is the top performer* in overall residential real estate activity

Supply

Absorption

35%

MMR Others

10% CAGR in value terms over a

longer term

30%

65%

70%

(No of units)

MMR

Others

One of the biggest real estate markets in India

Strong housing demand drivers, led by infra and higher disposable income

Consolidation leading to disciplined supply

Positive Pricing Outlook

New launches in 2024 are likely to be almost 2 times as compared to 2021 levels and are expected to gradually increase year-on-year post 2023

years

Unsold units overhang

Source: Company Commissioned Anarock Report. *Among Top Seven Indian Markets in 2022 Note : 1. * MMR – Mumbai Metropolitan Region 2. Supply and absorption data for 2022 ; others include NCR, Bengaluru, Pune, Hyderabad, Chennai ,Kolkata

Market Opportunity (2/2)

Redevelopment is a large, ongoing opportunity in SCM

SCM is an attractive real estate market

52,000 units Supply from redevelopment projects** from 2017 to Q1 2023 in MMR, majorly in SCM

19,642

16,502

o Aspirational value/premium product positioning

o High income, discerning customer base

Cessed buildings - buildings more than 50 years old that need redevelopment in SCM

Buildings that are more than 80 years old and need development in SCM

o High demand across multiple segments and price points

o Family expansion/nuclear family trends have generated demand for housing in

the same and neighbouring submarkets

o Benefiting from expanding segment of young, upwardly mobile professionals

with a preference for living in the island city of Mumbai

SCM Supply* (In units)

SCM Absorption* (In units)

Major Launches since 2021

Gradually improving pricing

562

3,871

423

1,953

New

8,382

Redevelopment

4,162

Suraj’s share

87% Share of redevelopment projects in Suraj’s portfolio

8% Suraj’s market share in redevelopment project launches

Supply (in no of units)

Absorption (in no of units)

2.980

2.075

982

820

864

718

423

432

613

262

2019

2020

2021

2022

2023 (Q1)

Source: Company Commissioned Anarock Report. MHADA * Combined Markets include sub-markets Mahim, Matunga, Dadar, Prabhadevi and Parel; cumulative from 2016 to 2023(Q1) ** cessed buildings redevelopment or housing societies redevelopment

Experienced Board Of Directors…

Rajan Meenathakonil Thomas PROMOTER , CHAIRPERSON & MD

Sujatha R. Thomas NON-EXECUTIVE DIRECTOR

Education: B.A.

Experience : 37 Years of experience in various aspects of real estate business

Experience : 30 Years of experience in various aspects of real estate business

Rahul Rajan Jesu Thomas WHOLE - TIME DIRECTOR

Education: B.Com, Corporate Finance certificate from Harvard University

Experience : 16 Years of experience in various aspects of real estate business

Elizabeth Lavanya Rajan Thomas NON-EXECUTIVE DIRECTOR

Education: Master of Liberal Arts in Management from Harvard University, MBA from Cardiff Business School

Experience : 15 years of experience in Agricultural Technology Deployment and Consulting, collaborating with Fortune 100 companies, Agritech, Fintech and government agencies

Sunil Pant INDEPENDANT DIRECTOR

Dr. Satyendra Shridhar Nayak INDEPENDANT DIRECTOR

Jitendra Shantilal Mehta INDEPENDANT DIRECTOR

Vinod Prabhudas Chitore INDEPENDANT DIRECTOR

Education: B.Sc.,LLB, M.Sc (Physics),member of the Indian Institute Of Bankers and All India Management Association

Experience : 36+ years of experience in banking

Previous Stint : Chief General Manager at SBI and consultant at Gerson Lehrman Group

Education: M.Com, Doctor Of Philosophy

Experience: Experience in Consulting

Previous Stint : President at Unit Trust Of India; served on the board of Bharat Wire Ropes Limited

Education: CA, CS, ICWA

Experience: Has 36 years of experience in the fields of Finance, Taxation, Accounts, Information Technology, HR & Administration and Corporate Secretarial Matters.

Further he has been advising various Real Estate Companies on above matters.

Education: Bachelor Of Civil Engineering from Amravati University

Experience: He has served as Director in Maharashtra Real Estate Regulatory Authority (MAHARERA), Chief Engineer, Municipal Corporation, Mumbai, Deputy Municipal Commissioner, Municipal Corporation, Mumbai.

Senior Key Managerial Personnel

Shreepal Shah CHIEF FINANCIAL OFFICER

Mukesh Gupta COMPANY SECRETARY

Education: B.E, MBA

Education: Member of ICSI, M.com, LLB

Previous Stint : Kotak Investment Banking, P. Raj & Co.

Previous Stint : Peninsula Land, Terraform realty

Gopal Barve CHIEF ENGINEER OF SUBSIDIARY OF THE COMPANY, ACCORD ESTATES PRIVATE LIMITED

Education: B.E., associate member of The Institute Of Engineers (India)

Previous Stint : Siddhivinayak Builders, Abhay Raut , Architect & Interior Designer & Others

Anand Vyas VICE PRESIDENT - SALES

Sunny Soni VICE PRESIDENT & BUSINESS HEAD - SALES

Jitendtra Gupta HEAD PROJECT MANAGEMENT

Palak Dani Mansotra CHIEF MARKETING OFFICER

Education: PGD in Marketing

Education: Masters in Marketing

Previous Stint : Provenance Land, K Raheja a Corp Pvt. Ltd, Radius Developers

Previous Stint : Lodha, Omkar Realtors & Developers, Deutsche Bank, Ruparel Realty, Puranik Builders, Nahar Group

Education: B.E (Civil)

Previous Stint : Viceroy Property, Radius Developers, The Wadhwa Group, K Raheja Corp

Education: Executive MBA from IIM Calcutta, Digital Marketing Degree from MICA and PR and Advertising Degree from Welingkar

Previous Stint : Chief Marketing Officer at Runwal Group, Head of Marketing at K Raheja Group

KEY BUSINESS STRATEGIES

Key Business Strategies

1. Enhance Market Leading Position in SCM

Upcoming projects to consolidate our positioning in SCM and expand in to Bandra sub-market

240,412 sq. ft. Developable area completed from 2016 to FY24

6,11,605 sq. ft. Sale carpet area under Ongoing Projects (2023-2026)

10,20,307 sq. ft. Carpet area under Upcoming Projects

Source: Company Commissioned Anarock Report Note: Upcoming and ongoing projects as of May 31,2023

2. Continue to pursue our differential product offerings in value luxury segment

Strengthen presence in value luxury segment, currently witnessing a strong demand trend, resulting in better sales volume and velocity

3. Expand Land Reserves in SCM and Other MMR Sub-markets

5. Continue to focus on redevelopment projects through asset light model

o Follow flexible land acquisition strategies (outright purchase, JVs, JDs, and development management) to benefit from emerging consolidation opportunities

o Land parcels situated at Bandra (West) and Santacruz

(East) for future development

o FSI potential of more than index 2.0

o Consolidation in the real estate industry creating

opportunities

4. Selectively develop commercial projects in the SCM region

Take advantage of increasing demand for smaller independent offices and develop commercial spaces to create value through complimentary asset classes

Follow asset light strategy to reduce upfront land acquisition costs

Capital Efficient

Reduces upfront land acquisition costs

Leverages our expertise and brand

Asset light model for redevelopment of co-operating housing society buildings under DPCR 33(7)(B)

Focus on SCM

Suraj has concluded agreements for redevelopment schemes with two co-operative societies in the recent past

Opens up significant opportunity to expand into other micro-markets in MMR

Awards

Developer of the Year 2020 By CNN- News 18

Developer of the Year 2022 By CNBC Awaaz

Brand of the Year 2022 By CNBC-Awaaz

Developer of the Year Residential 2022 By Business Standard

Iconic Developer of the Year 2022 By Mid –Day

LifeTime Achievement Award to Mr Rajan Thomas By ET NOW

Promising Developer of the Year 2023 By Ace Alpha Awards

40 under 40 Mr Rahul Thomas By Realty+

Luxury Realty Partner Award 2024 at ET NOW Realty Convention & Best Realty Brands

HISTORICAL FINANCIALS

Consolidated Profit & Loss Statement

Particulars

Revenue from operations

Other income

Total income

Expenses

Operating and project expenses

Changes in inventories of construction work in progress

Employee benefit expenses

Other expenses

Total expenses

*EBITDA

EBITDA Margin (%)

Finance costs

Depreciation and amortisation

PBT

Tax expense:

- Current tax

- Income Tax for earlier period

- Deferred tax charge/ (credit)

Total tax expense

Profit after tax

EPS

FY25

549.1

4.1

553.2

461.5

-164.9

24.3

25.6

346.4

206.7

37.4%

65.7

5.0

136.1

33.1

0.0

2.8

35.9

100.2

21.8

FY24

412.2

3.5

415.7

222.0

-86.9

14.5

29.7

179.3

236.4

56.9%

138.9

3.7

93.9

28.1

1.3

-3.0

26.4

67.5

19.4

FY23

305.7

2.1

307.9

166

-31.3

11.6

8.4

154.7

153.1

49.7%

107.4

2.6

43.2

13.6

-2.4

11.1

32.0

10.1

FY22

272.7

1.2

273.9

180.7

-55.7

9.7

6.2

141

132.9

48.5%

93.1

3.7

36.2

-0.4

9.6

26.5

0.8

Rs Crs.

FY21

240

244

164.2

-22.3

7.6

3.9

153.4

90.6

37.1%

79.2

2.4

2.8

-0.1

2.8

6.3

0.2

Note : *EBITDA includes other income

Consolidated Balance Sheet

Rs Crs.

Mar-25 Mar-24 Mar-23 Mar-22 Mar-21

Particulars

Mar-25 Mar-24 Mar-23 Mar-22 Mar-21

Particulars

ASSETS

Non-current assets

a) Property, plant and equipment

b) Intangible assets

c) Right-of-use-asset

d) Financial assets

i) Investments

ii) Other financial assets

e) Deferred tax assets (Net)

Total Non-Current Assets

Current assets

a) Inventories

b) Financial assets

i) Current Investments

ii) Trade receivables

iii) Cash and cash equivalents

iv) Bank balances

v) Loans

vi) Other financial assets

c) Other current assets

23.5

9.2

4.2

0.0

8.9

3.3

49.1

22.5

10.8

4.1

0.0

11.1

6.5

55.1

3.4

12.1

0.3

8.9

22.7

3.5

50.8

3.8

12.7

1.2

0.1

4.5

1.1

4.9

14.2

1.1

2.8

0.8

23.4

25.8

904.1

739.2

652.3

621

565.3

2.9

56.5

14.0

25.1

21.6

3.2

1.4

106.7

5.0

105.3

6.9

3.2

77.2

12.1

15.9

8.2

3.9

669.0

266.7

183.0

93.2

7.7

15.9

24.1

2.1

76.1

0.5

80.7

6.8

23.6

7.9

67.6

0.2

d) Current income tax assets (Net)

0.9

0.8

Total Current Assets

1,697.4

1,235.3

953.4

840.6

766.2

TOTAL ASSET

1,746.5

1,290.4

1,004.2

864.0

792.0

EQUITY AND LIABILITIES Equity a) Equity share capital b) Other equity - Other reserves - Capital reserve related to business Total Share Capital Non-Controlling Interest Total Equity Liabilities Non-current liabilities a) Financial liabilities i) Borrowings ii) Lease liabilities iii) Other financial liabilities b) Provisions Total Non-Current liabilities Current liabilities a) Financial liabilities i) Short term borrowings ii) Trade payables - Amount due to Micro and small enterprises - Amount due to other than Micro and small enterprises iii) Other financial liabilities iv) Lease liabilities b) Other current liabilities c) Provisions d) Income tax liabilities (Net) Total Current liabilities TOTAL LIABILITIES

23.1

21.4

15.9

6.4

896.5 -17.0 902.7 0.0 902.7

343.0 3.3 8.0 1.6 356.0

511.7 -17.0 516.2 0.0 516.2

240.3 3.5 6.4 1.6 251.8

71.7 -16.1 71.4 0.1 71.5

345.7 0 4.6 1.1 351.4

39.4 -16.1 39.2 0.2 39.4

396.6 0.4 4.5 1 402.5

22.9 -0.1 29.1 0.2 29.4

464 1.5 3 0.9 469.5

113.3

185.3

247.4

241.6

136.4

0.0

42.9

20.5 1.3 279.5 0.2 30.2 487.9 1,746.5

0.0

35.9

61.4 0.6 222.3 0.1 16.8 522.4 1,290.4

0.1

26.8

48.7 0.4 243.7 0.1 14.1 581.3 1,004.2

0.2

19.1

45.0 1 108.2 0.1 6.8 422.1 864.0

0.4

13.8

32.5 0.8 108 0.1 1.2 293.1 792.0

Consolidated Cash Flow Statement

Particulars

FY25

FY24

FY23

FY22

FY21

Rs Crs.

CASH FLOW FROM OPERATING ACTIVITIES

Profit before taxes

136.1

93.9

43.2

36.2

9.0

Adjustments for Interest expenses/income, depreciation

Operating profit / (loss) before working capital changes

Changes in Working Capital

Direct Taxes (Paid)/Refund Received

67.6

203.7

-509.1

-19.1

142.3

236.1

-210.0

-17.1

106.7

149.9

45.0

-6.4

93.8

130.0

-55.6

-4.6

80.3

89.4

-103.1

-1.2

Net Cash Generated / (Used) in Operating Activities

-326.4

9.0

188.5

69.8

-14.9

Net Cash Generated / (Used) in Investing Activities

78.6

-89.7

-27.1

-21.1

-12.3

Net Cash Generated / (Used) in Financing Activities

237.8

70.2

-155.7

-44.7

27.0

Cash and cash equivalents at beginning of the period/ year

Cash and cash equivalents at end of the period/ year

Net Increase/ (Decrease) in cash and cash equivalents

1.3

11.3

10.1

11.8

1.3

-10.5

6.1

11.8

5.7

2.1

6.1

4.0

2.4

2.1

-0.2

ANNEXURES

Ongoing Residential Projects

The Palette

Ocean Star-I

Vitalis

Emmanuel

Suraj Eterna

• This project is in the Luxury Segment and comprises of 3 BHK sea facing apartments with just 2 units per floor with floor to floor height is 12 feet 6 Inches

•

It is strategically located in the close proximity of Dadar Beach

• This project is in Luxury

Segment and comprises of 2 BHK flats and 3 BHK flats which are sea facing apartments

• One of the main USP of this project is the floor to floor height of 12 feet 6 inches

• The development will include facilities and amenities such as clubhouse, swimming pool and landscaped garden, amongst others

•

It is strategically located between Portuguese Church and Siddhivinayak Temple

• This project is in the Value

Luxury Segment

•

It is a 38- storey tower and comprises of 1 BHK flats and 2 BHK sea facing apartments. This project has a dedicated 7- level podium parking. It is strategically located at Lady Jamshedji Road, Mahim (West) and is in the close proximity of Mumbai's Shivaji Park

• This development will include a dedicated amenities floor admeasuring of a 1,000 square feet gymnasium, kids play area, banquet hall, jogging track, amongst others

Luxury Segment and comprises of a Ground + 20 storey tower and having 1 BHK flats and compact 2 BHK boutique sea facing apartments

•

It strategically located off Cadell Road and is in close proximity of commercial hubs at Lower Parel and Worli, malls, theatres and parks

• The development will include gymnasium and all other essential amenities

• This project is in the Value Luxury Segment. It is a 20- storey tower and comprises of 1 BHK flats and 2 BHK sea facing apartments

• This project has a separate mechanized tower car parking. It is strategically located in between the Lady Jamshedji Road and Tulsi Pipe Road, Mahim (West) and is in the close proximity to the upcoming Sitladevi Metro Station

• This development will

include gymnasium, kids play area, yoga / meditation area amongst others

Ongoing Residential Projects

Nirvana

Louisandra

Ave Maria

Park View

Suraj Lumina

• A value luxury/luxury

project with Top-of-the-line amenities, excellent connectivity, posh location, and peaceful homes, Nirvana has it all

• At Nirvana, all the

amenities come together to provide the residents with a blissful experience and an extraordinary lifestyle.

• A ground plus 54 storey tower at G D Ambedkar Marg near Haffkine’s Institute, Parel.

• This project is a Joint

venture with Runwal Group

• A Value luxury standalone

tower with compact units of 1&2 BHK

• The project is within minutes from the upcoming Dadar Metro Station

• Easy to invoke Lord Ganesha’s blessings at Mumbai’s iconic Siddhivinayak Temple

•

It is a ground plus 22 storey tower

• A 24-storey value luxury

residential tower in Dadar West, it is one of the city’s most coveted addresses, making it a place to live and grow

•

It is surrounded by a unique confluence of history and innovation, with the city’s finest business hubs and entertainment spots and places of worship

• Ave Maria has 1 and 2 BHK

apartments that are thoughtfully designed to add value to your lives

• A value luxury project with round the clock security, elevators, mechanized tower parking, elegant interiors and more

• Project is in the verdant

Shivaji Park neighbourhood

• The project comprises of both 2BHK and 3BHK configurations

•

It provides facilities, such as mechanized tower car parking, 24/7 security fire safety provisions, open sky garden, fitness center, rainwater harvesting system, among others. The apartments in the project have sea view

It has close proximity to some of the key landmarks such as Shivaji Park, Hinduja Hospital and Bombay Scottish School

Additionally, the project extends right blend of opportunities and offerings, be it drive to Bandra Kurla Complex for work or Palladium with friends, it is just minutes away.

Summary Of Ongoing Projects

Particulars

Remarks

Particulars

Remarks

Area Sold (Lakh Sq Ft)

5.80

Total Unsold Area (Lakh Sq Ft)

0.32

Average Realisation Achieved (Rs per sq ft)

41,106

Collections Received (Rs Cr)

Balance Receivable (Rs cr)

1,552

833

Average Estimated Realisation Of Unsold Area (Rs Per Sq Ft)

51,460

Estimated GDV of unsold area (Rs cr)

~163

Estimated Sold and Unsold Receivables from Ongoing Projects ~Rs 996cr

Completion Targets For Ongoing Projects

GDV of Rs 163 cr from unsold area of ongoing projects

Balance receivables of Rs 996 cr to flow from FY26-FY29E from area sold and balance unsold area

Eterna

Park View

FY29

FY26

Vitalis

Ocean Star

Suraj Emmanuel

FY27

Suraj Lumina

Ave Maria

Louisandra

Nirvana

CCIL Bhavan

The Palette

FY25

Ongoing Projects

Sr. No.

Project Name

Location

Type

Status

Completion Date (As Filed with RERA)

Project Developa ble Area (lakhs Sq ft)

Sale Carpet Area (lakhs Sq ft)

Area Sold (lakhs Sq ft)

Unsold Area (Lakhs Sq ft)

Sales Achieved (Rs cr)

Avg Realisation (Rs cr)

Collections Received (Rs cr)

Louisandra

Ave Maria

Vitalis

Suraj Eterna

Palette

Ocean Star-I

Dadar (W)

Residential Ongoing

Completed*

Dadar (W)

Residential Ongoing

Completed*

Mahim (W)

Residential Ongoing

31-12-2026

Mahim (W)

Residential Ongoing

31-12-2026

Dadar (W)

Residential Ongoing

31-12-2025

Dadar (W)

Residential Ongoing

30-06-2026

CCIL Bhavan (Phase-II-Additional 2.5 floors)

Dadar (W)

Commercial Ongoing

30-06-2025

Suraj Parkview 2

Dadar (W)

Residential Ongoing

31-12-2026

0.63

1.77

3.49

0.61

4.96

2.52

0.27

0.64

Saraswat Bank Bhavan (Additional 2.5 Floors)

Prabhadevi

Commercial Ongoing

Not Applicable

0.22

Mestry House

Mahim (W)

Residential Ongoing

Not Applicable

0.17

Nirvana**

Emmanuel

Parel (East)

Residential Ongoing

Completed

Dadar (W)

Residential Ongoing

30-12-2025

Suraj Lumina

Mahim (W)

Residential Ongoing

31-12-2028

Total

3.22

0.79

1.04

20.34

0.29

0.23

0.81

0.33

1.8

0.6

0.24

0.21

0.17

0.01

0.91

0.28

0.22

6.12

0.29

0.23

0.81

0.28

1.70

0.60

0.24

0.21

0.17

0.01

0.91

0.28

0.06

5.80

0.05

0.10

0.00

99.16

86.40

34,430

38,049

87.93

81.36

338.39

41,553

142.07

106.91

37,718

63.30

786.86

46,280

554.99

316.05

52,343

184.02

96.51

92.56

40,068

46.57

44,343

43.53

107.65

61,999

78.27

-0.00

4.53 34,920

0.90

0.17

0.32

212.84

23,364

183.82

110.96

39,434

77.85

26.56

46,119

7.60

2,385.38

1,552.22

(**Total Carpet Area for Sale reflects Group's share in Project Nirvana as per JDA and the Developable Area reflects Group’s pro-rata share of Total Developable Area of Project Nirvana as per the JDA) * OC Awaited

Strong Project Pipeline and Cash Flow Trends

Sr. No.

Project Name

Location

Type

Segment

Estimated Carpet Area for sale* (lakh sq.ft)

Suraj Vibe (Final Plot No 426-A & Final Plot No 426-B)

Mahim (W)

Commercial

Suraj Parkview 1

Kowliwadi & Kripasiddhi Building

JRU Property

Dadar (W)

Residential

Prabhadevi

Residential

Value Luxury

Gudekar House, Irani Building and Ratnabhumi Bld

Dadar (W)

Madonna Wing B

Lumiere Phase 2

Lucky Chawl

Bandra Project 1

Bandra Project 2

Bandra Project 3

Marinagar Phase -2**

Marinagar Phase -3**

Lobo Villa & Ellis Villa**

Girgaonkarwadi

Ambavat Bhawan

Norman House

Nanabhai Manzil

Shivaji Park

Total

Byculla ( E )

Dadar (W)

Mahim (W)

Bandra (W)

Mahim (W)

Residential

Lower Parel ( E)

Residential

Dadar (W)

Mahim (W)

Dadar (W)

Residential

Value Luxury/ Luxury

Value Luxury

Value Luxury/ Luxury

Luxury

Value Luxury

Luxury

2.09

0.53

0.24

0.21

0.33

0.14

0.20

0.15

0.46

0.89

0.35

1.07

0.64

0.30

2.00

0.17

0.07

0.20

0.16

10.20

Notes : *Estimated Carpet Area has been calculated based on certain assumptions and estimates made by us. The actual Carpet Area may vary from the estimated Carpet Area presented herein based on plans approved by the Brihanmumbai Municipal Corporation (BMC). ** Marinangar Phase 2- Post settlement of litigation with OLV & OLPS Society. Marinagar phase -3 : The company won a bid for obtaining development rights of land component with 5 existing buildings thereon. *** Project Land for Lobo Villa & Ellis Villa Acquired post 31 March 2024

Land Reserves

Sr. No.

Location

Name of company/entity that is the developer of the project

Company’s /Entity’s effective stake in the project (%)

Leased/ Owned/Developmen t Rights

Plot Area

Square Meters

C.T.S.No.918 Mount Mary, Hill Road, Bandra (W)

Accord Estates Pvt. Ltd.

C.T.S.No.930 Mount Mary, Hill Road, Bandra (W)

Accord Estates Pvt. Ltd.

C.T.S. No 917 Mount Mary, Hill Road, Bandra (W)

Accord Estates Pvt. Ltd.

C.T.S. No 929 Mount Mary, Hill Road, Bandra (W)

Accord Estates Pvt. Ltd.

C.T.S. No 931 Mount Mary, Hill Road, Bandra (W)

Accord Estates Pvt. Ltd

C.T.S. No 916 Mount Mary, Hill Road, Bandra (W)

Accord Estates Pvt. Ltd

100

Leasehold Rights

1,173.57

Owned

364.21

Development Rights

3,884.91

Development Rights

1,740.12

Development Rights

890.29

Development Rights

1,578.25

Total Bandra (W)

9,631.35

CS No 3429, 3430 and 3262 - Kole Kalyan Property, Santacruz (E)

Suraj Estate Developers Ltd.

100

Development Rights

728.42

Total

Total Santacruz (E)

728.42

10,359.77

Completed Projects

Sr. No

Project Name

Location

Type and configuration

Name of company/entity that is the developer of the project

Developed Area

Date of Occupation certificate

Occupation certificate for all floors

Company's / respective entity's stake in project

(%)

100 100

100

100 100

(square meter)

2,756.27 356.22 (FSI area) 1,038.86 (FSI area)

2,749.03 5,850

1,839.62 8,402.50

(square feet)

29,668.49 3,834.35 (FSI area) 11,182.29 (FSI area)

29,590.56 62,973

19,801.67 90,444.51

13-03-2019/17-10-2022

15-10-2011

Yes/ No

Yes

26-02-2019

Yes (Except for 4 Flats)

27-08-2019 06-12-2021

27-08-2021/29-04-2022 22-03-2006

Tranquil Bay-II Tranquil Bay-I

Dadar (W) Dadar (W)

Residential Residential

Suraj Estate Developers Suraj Estate Developers

Ocean Star-II

Dadar (W)

Residential

Suraj Estate Developers

Mon Desir

Mangirish

Dadar (W)

Commercial / Residential Residential

Suraj Estate Developers

Accord Estates

St Anthony Apartments

Mahim (W)

Residential

Suraj Estate Developers

Brahmsidhhi CHS

Prabhadevi

Residential

Suraj Estate Developers

1 2

Saraswat Bank Bhavan (Phase- 1-upto 7th floor

Prabhadevi

Commercial

Suraj Estate Developers

100

3,986.24

42,907.89

16-10-2010

Suraj Height -I,II,III

Goregaon (E)

Christina Apartments

Santacruz (E)

Commercial / Residential

Suraj Estate Developers

Suraj Muktiyash

Dadar (W)

Residential

Suraj Estate Developers

Suraj Sadan

Mahim (W)

Residential

Suraj Estate Developers

CCIL Bhavan (Phase-I-up to 6th floor

Dadar (W)

Commercial

Suraj Estate Developers

Godavari Sadan

Dadar (W)

Residential

Accord Estates

Rahul-1

Dadar (W)

Residential

Suraj Estate Developers

100

5,882.07 (FSI area)

408.8 (FSI area) 1,441.67 (FSI area) 499.69 (FSI area)

5,949.68 (FSI area) 773.50 (FSI area) 1,562.51 (FSI area)

63,314.60 (FSI area)

4,400.32 (FSI area) 15,518.14 (FSI area) 5,378.66 (FSI area)

64,042.35 (FSI area) 8,325.95 (FSI area) 16,818.85 (FSI area)

08-02-1996

23-04-2003

12-03-1996

19-01-1994

13-02-2012

21-07-2003

14-07-1997

Yes Yes

Yes

Completed Projects

Sr. No

Project Name

Location

Type and configuration

Name of company/entity that is the developer of the project

Rahul-11

Dadar (W)

Residential

Vinayak Darshan

Dadar (W)

Residential

Bobby Apartments

Mahim (W)

Residential

Suraj Venture-A

Mahim (W)

Residential

Suraj Venture-B

Mahim (W)

Residential

Hallmark

Wadala (E)

Residential

Harmony

Dadar (W)

Commercial / Residential

Neat House

Dadar (W)

Residential

Madonna Wing A

Dadar (W)

Residential

Our Lady of Vailankanni & OurLady of Perpetual Succour

Mahim (W)

Residential

Our Lady of Lourdes

Mahim (W)

Residential

Jacob Apartments

Dadar (W)

Commercial/ Residential

Suraj Estate Developers

Company's / respective entity's stake in project

Developed Area

Date of Occupation certificate

Occupation certificate for all floors

(%)

100

(square meter)

1,278.07

(FSI area)

866.25

(FSI area)

373.75

(FSI area)

1,250

(FSI area)

1,909.89

(FSI area)

450.8

(FSI area)

370.09

(FSI area)

1,812.95

(FSI area)

995.3

(FSI area)

7,025.43

(FSI area)

1,680.48

(FSI area)

1,087.69

(square feet)

Yes/ No

13,757.15

(FSI area)

9,324.32

(FSI area)

4,023.05

(FSI area)

13,455

(FSI area)

20,558.05

(FSI area)

4,852.41

(FSI area)

3,983.65 1

(FSI area)

19,514.59

(FSI area)

10,713.40

(FSI area)

75,621.72

(FSI area)

18,088.69

(FSI area)

11,707.90

20-04-1993

03-12-1992

22-05-2003

03-11-1990

14-01-1992

30-11-2016

Yes

06-04-2010

Yes (Except for 4 Flats)

18-09-2000

07-08-1999

15-11-2003

07-10-1996

Yes

16-03-2006

Yes (Excep for 4 Flats)

Completed Projects

Sr. No

Project Name

Location

Type and configuration

Name of company/entity that is the developer of the project

Company's / respective entity's stake in project

Developed Area

Date of Occupation certificate

Occupation certificate for all floors

(square feet)

Yes/ No

01-04-2005

Yes (Except for 4 Flats)

Gloriosa Apartments

Dadar (W)

Residential

Suraj Estate Developers

Lavanya Apartments

Dadar (W)

Residential

Suraj Estate Developers

Shweta Apartments

Dadar (W)

Residential

Suraj Estate Developers

Sujatha Apartments

Dadar (W)

Residential

Suraj Estate Developers

Suraj Eleganza -1

Mahim (W)

Residential

Suraj Estate Developers

Suraj Eleganza -11

Mahim (W)

Residential

Suraj Estate Developers

Eternity Apartments Mahim (W)

Residential

Suraj Estate Developers

ICICI Apartments

Dadar (W)

Residential

Suraj Estate Developers

ICICI Apartments

Prabhadevi

Residential

Suraj Estate Developers

Diomizia Apartments

Dadar NJ)

Residential

Suraj Estate Developers

Elizabeth Apartment

Dadar NJ)

Commercial/ Residential

Lumiere

Dadar NJ)

Commercial/ Residential

Suraj Estate Developers New Siddharth Enterprises

Mahadevachiwadi CHS

Parel

Commercial/ Residential Accord Estates

Suraj Vista

Dadar (W)

Residential

Suraj Estate Developers

Elizabeth Apartment

Elphinstone Road

Residential

Suraj Estate Developers

Total

(%)

100

(square meter) 3,343.56 (FSI area) 1,610.80 (FSI area)

1,265.26 (FSI area) 800.15 (FSI area) 1,302.47 (FSI area) 1,635.36 (FSI area) 552 (FSI area) 1,333.57 (FSI area) 1,631.48 (FSI area) 1,375.61 (FSI area) 3,769.84

35,990.08 (FSI area) 17,338.65 (FSI area)

13,619.26 (FSI area) 8,612.81 (FSI area) 14,019.79 (FSI area) 17,603.01 (FSI area) 5,941.73 (FSI area) 14,354.54 (FSI area) 17,561.25 (FSI area) 14,807.06 (FSI area) 40,578.56

12-03-2003

25-04-1996

27-04-2001

25-07-2005

03-01-2007

22-04-2010

31-03-2000

30-03-2007

14-02-2011

27-03-2020

3,880.06

41,764.97

30-12-2020/29-09-2022

9,061.85

97,541.75

(FSI area) 473.3 (FSI area)

(FSI area) 5,094.60 (FSI area)

2,593.20

27,913.20

(FSI area)

97,225.31

10,46,543.20

27-10-20 15

18-09-1996

23-10-1992

Yes

For further information, please contact

Company :

Investor Relations Advisors :

Suraj Estate Developers Limited CIN - L99999MH1986PLC040873

Mr. Ashish Samal GM – Investor Relations ashish.samal@surajestate.com + 91-9920778076

Mr Mukesh Gupta Company Secretary & Compliance Officer mukesh.gupta@surajestate.com 022-24460707 www.surajestate.com

Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285

Mr. Rahul Agarwal rahul.agarwal@sgapl.net +91- 9821438864

Ms. Brinkle Shah Jariwala brinkle.shah@sgapl.net +91-96193 85544

www.sgapl.net

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