Suraj Estate Developers Limited has informed the Exchange about Investor Presentation
October 28, 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 Unaudited Financial Results for the Quarter and Half Year Ended September 30, 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 unaudited Financial Results for the Quarter and Half Year ended September 30, 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
Investor Presentation October 2025
surajestate.com
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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 the Director
Mr. Rahul Thomas Whole-Time Director
Commenting on the performance for Q2 & H1FY26, Mr. Rahul Thomas, Whole Time Director, Suraj Estate Developers, said, “We delivered a robust performance for the quarter, marked by successful new launches and strong operational momentum, which reaffirms the strength of the Suraj brand in South-Central Mumbai. Our new projects Suraj Aureva at Prabhadevi and Suraj Parkview 1 at Dadar (W), both received an encouraging market response, resulting in 89% QoQ growth in pre-sales value to ₹153 crore and a 111% QoQ rise in sales area to 34,875 sq. ft. This performance underscores the sustained demand for our well-located, high-quality with design-oriented projects.
Both Suraj Aureva and Suraj Parkview 1 achieved an impressive ~40% inventory sales within the launch phase, reflecting home buyers’ trust in our offerings and execution capability. We also strengthened our footprint in Lower Parel with the strategic acquisition of an adjoining parcel for the ‘Ambavat Bhavan & RK Mansion’ project, expanding the saleable area to 0.32 lakh sq. ft. and a combined GDV of ~₹130 crore.
We remain firmly on track to achieve our FY26 launch target of ₹2,000 crore GDV, including Rs 1,200 crore from our upcoming commercial project. With key approvals already in place for the commercial project, we are geared up for a high-impact launch in November 2025.
Our performance this quarter reflects the team’s strong execution focus, healthy sales momentum, and strategic portfolio expansion. We are confident of sustaining this growth trajectory and creating long-term value for all stakeholders.”
New Launches in Q2FY26
Salable Area
| 0.53 Lakhs Sq.Ft.
GDV
| ₹250 crores
Sold Inventory | 42%
Salable Area | 0.24 Lakhs Sq.Ft.
GDV
| ₹120 crores
Sold Inventory | 39%
Commercial : Key Growth Driver in FY26
Initial Plan
Strategic Change in Plan
New Plan
FINAL PLOT NO. 426-A
FINAL PLOT NO. 426-B
FINAL PLOT NO. 426- A & B
Size of the land parcel | 1,500 sq m
Salable area | 1.06 lakh sq.ft.
Expected GDV | ₹ 475 crores
Year of land acquisition | 2021
We have completed majority regulatory approvals
Acquired adjoining land parcel | December 2024
Develop a larger land parcel | 3000 sqm
Size of the land parcel | 1,464 sqm
Salable area | 2.09 lakh sq.ft.
Salable area | 1.03 lakh sq.ft.
Expected GDV | ₹ 1,200 crores
Expected GDV | ₹ 525 crores
Consideration paid | ₹ 101 crores
GDV because of the new plan went up to ₹ 1,200 crore from ₹ 475 crore
We are in final stage of regulatory approval and expect to launch the project in November 2025
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.
Q2 & H1FY26 Financial and Operational Highlights
surajestate.com
Q2 & H1FY26 Operational Performance
Residential
Commercial
Sales Area (Sq. Ft)
Sales Value (₹ Cr)
34,875
49,632
51,399
153
248
234
22,201
16,524
107
81
Q2FY25
Q1FY26
Q2FY26
H1FY25
H1FY26
Q2FY25
Q1FY26
Q2FY26
H1FY25
H1FY26
127
96
31
115
108
7
Q2FY25
Q1FY26
Collections (₹ Cr)
Average Realisation (₹ /Sq ft)
199
168
186
174
71
66
48,366
49,028
43,851
49,886
45,515
5 Q2FY26
31
H1FY25
12 H1FY26
Q2FY25
Q1FY26
Q2FY26
H1FY25
H1FY26
Q2FY26 Operational Performance:
•
•
•
•
Pre-sales rose 89% QoQ to ₹153 crore, while carpet area sold increased 111% QoQ to 34,875 sq. ft. in Q2FY26, driven by successful launches of Suraj Aureva and Parkview 1
Both projects witnessed strong demand, with over 40% of inventory sold during the quarter
Realisation moderated due contribution from the value-luxury segment
to a higher
Collections declined, impacted by lower cash collections from new bookings concluded toward the end of the quarter
Q2 & H1FY26 Financial Performance
Total Income (₹ Cr)
EBITDA (₹ Cr)
PAT (₹ Cr)
133
145
110
64
66
50
32
33
21
Q2FY25
Q1FY26
Q2FY26
Q2FY25
Q1FY26
Q2FY26
Q2FY25
Q1FY26
Q2FY26
Total Income (₹ Cr)
279
244
EBITDA (₹ Cr)
128
116
PAT (₹ Cr)
62
54
6 2 Y F 2 Q
6 2 Y F 1
H
H1FY25
H1FY26
H1FY25
H1FY26
H1FY25
H1FY26
Note : Total income and EBITDA include other income
Consolidated Profit & Loss Statement
Particulars
Q2FY26 Q2FY25 Y-o-Y (%) Q1FY26 Q-o-Q (%)
H1FY26
H1FY25 Y-o-Y (%)
In ₹ Crs
Revenue from operations Other income Total income
144.6 0.9 145.4
109.1 0.5 109.6
33%
Expenses Operating and project expenses Changes in Inventory of CWIP Employee benefit expenses Other expenses Total expenses
69.6
-3.6
5.8 8.0 79.8
33.5
-1.1
6.0 7.3 45.6
EBITDA# EBITDA Margins (%)
65.6 45.1%
64.0 58.3%
3%
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
20.5
1.0
44.1
19.1
1.2
43.7
1%
12.7
12.1
-1.7
11.0
33.1 7.15
-0.3
11.9
31.8 7.43
4%
132.5 0.7 133.1
73.7
-1.6
5.8 5.0 82.9
50.3 37.7%
20.7
1.1
28.5
8.2
-1.1
7.2
21.3 4.60
277.0 1.5 278.6
242.8 1.5 244.3
14%
9%
143.3
137.5
-5.2
11.6 13.0 162.7
115.9 41.6%
41.1
2.2
72.6
-45.0
10.8 12.7 116.0
128.2 52.5%
41.2
2.9
•
•
-10%
Total income increased 9.2% QoQ to ₹145 crore, while EBITDA grew 30.4% QoQ to ₹65.6 crore in Q2FY26
EBITDA margin increased from 37.7% to 45%, leading to an improvement in PAT margin from 16% to 23%, supported by operating leverage during the quarter
84.2
-14%
21.0
23.1
-2.8
18.2
54.4 11.75
-0.9
22.2
62.0 14.46
-12%
31%
55%
56%
Sept-25
Mar-25
Particulars
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)
21.4
9.9
3.5
3.1
5.5
22.2
10.4
4.2
8.9
3.3
Total Non-Current Assets
43.4
49.2
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
909.3
904.1
15.9
67.7
8.7
23.6
41.2
3.2
2.9
56.5
14.0
25.1
21.6
3.2
c) Other current assets
873.8
669.0
d) Current income tax assets (Net)
1.1
0.9
Total Current Assets
TOTAL ASSET
1,944.4
1,697.4
1,987.8
1,746.6
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 ₹ Crs
Sept-25 Mar-25
23.1
23.1
951.0 -17.0 957.1 0.03 957.2
480.4 2.7 0.2 1.7 484.9
896.5 -17.0 902.7 0.03 902.7
343.0 3.3 8.0 1.6 356.0
65.4
113.3
46.2 24.5 1.3 360.6 0.2 47.5 545.8 1987.8
42.9 20.5 1.3 279.5 0.2 30.2 487.9 1746.6
Suraj Estate | Growth Journey So Far
Leading player in redevelopment scheme 33 (7). This allows to build scale in capital light business model
39+ 45+
years of experience in understanding space, design & construction
projects completed across residential and commercial segments
1.6Mn+
sq.ft. predominantly developed in Micro market of Dadar – Prabhadevi - Mahim
12
ongoing projects in the South Central Mumbai (SCM) Region
17
upcoming projects in the South Central Mumbai Region
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)
Mahim
Matunga
Dadar
Prabhadevi
Parel
One Of The Market Leaders In Redevelopment
263 Projects Launched in SCM sub-markets
160 (~61%)
Redevelopment Projects
103 (~39)
New Projects
8%
2%
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
Value Unlock
Time Lines
Zero Date
4-6 Months
3 Months
3 Months
3 Months
3-4 Months
3 Months
00
01
02
03
04
05
06
07
Identification Of Land Bank (Plot Size, Title, Location, Tenant Density & FSI Scheme)
Acquisition of land by way of Conveyance / Development Rights / JDA
Obtaining IOD for the project
Obtaining CC and RERA registration
OC and Handover of Possession
Obtaining 51% consent of tenants for redevelopment
Site vacation and demolition of old structure
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
SCM | A Lucrative Micro Market in Mumbai (1/3)
12
Ongoing Projects
Developable Area
18.94 Lakh Sq. Ft.
Carpet Area
5.46 Lakh Sq. Ft.
SCM | A Lucrative Micro Market in Mumbai (2/3)
17
Upcoming Projects
Estimated Carpet Area
13.66 Lakh Sq. Ft.
SCM | A Lucrative Micro Market in Mumbai (3/3)
Large pool of old/dilapidated buildings
Close proximity to key locations such as BKC, Worli sea link, Lower Parel, etc
Dynamics of SCM Market
One of the few locations which allows residential + commercial projects to be constructed
Improving infrastructure via multiple government projects
Our Journey Spanning Over 38 Years
1986
1990
1992
2000
2005
Incorporated as a private limited company
Completed maiden residential project at Mahim (W)
‘Vinayak Darshan’ at Dadar (W) to a public sector bank
‘ICICI Apartments’ at Dadar (W) as office quarters
14 residential apartments in Dadar (W) to CCIL as office quarters
2010
2012
2017
2018
Delivered commercial building ‘Saraswat Bank Bhavan’ at Prabhadevi
Delivered a commercial building ‘CCIL Bhavan’ at Dadar (W) as corporate office for CCIL
Launched 2 luxury projects -
Flagship ‘The Palette’ and a
sea-facing luxury project
‘Ocean Star’ at Dadar (W)
Raised ₹ 200 Cr term loan from Piramal Capital & Housing Finance for luxury projects
2019
2022
2023
2024
2025
Forayed into value luxury segment with 2 project at Dadar (W). Started 1BHK apartments
‾ Launched Parkview-2 at
Dadar (W), & concluded 2 commercial sale with Saraswat & CCIL ‾ Entered into Society
Redevelopment (Asset Light Model)
‾ Availed New debt of Rs 175cr from IndusInd Bank
‾ Raised ₹ 400 Cr via IPO
Listing
‾ Residential project ‘Suraj Lumina’ at Mahim west
‾ Secured ~ ₹ 343 Cr via Preferential Issue
‾ Completed residential projects - Nirvana, Louisandra & Ave Maria.
‾ Launched Aureva and
Park View 1
Proven Track Record of Delivering Residential & Commercial Buildings
Mangirish Dadar
Tranquil Bay Dadar
Timeline of completed projects
9
1.9
8
1.6
6
0.9
7 2.0
1.7 4
8
2.4
5.6
3
1990-1995
1996-2000
2001-2005
2006-2010
2011-2015
2016-2023
2024-2025
Developed areas
In Lakh Sq Ft
Consultant and Contractor Relationships
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
Redevelopment of Tenanted Properties (Conveyance/ DA) Under DCPR 33(7)
Redevelopment of Society Under DCPR 33(7) B
Vacant Land- Normal Development
Upfront Capital Requirement
Moderate
Conveyance / DA
DA
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 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
22 Projects
3 Projects
4 Projects
Competitive Strengths
Established Real Estate Brand In SCM
Leading Market Position & Ability To Sell During Construction Phase.
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
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
surajestate.com
’
l
e t t e a P e h T
‘
t a d e h p a r g o t o h p t n e m
t r a p a e p m a s l
l
a u t c A
Established Residential Real Estate Brand in SCM
Leading Market Position & Ability To Sell During Construction Phase
60%
1st
In terms of supply of units
16%
13%
11%
Suraj Estate Developers #1
Developer #2
Developer #3
Developer #4- #10
60%
1st
15%
12%
12%
In terms of absorption, in units
Suraj Estate Developers #1
Developer #2
Developer #3
Developer #4-#10
33
5th
19
In terms of absorption value
14
13
11
10
Develope r #1
Develope r #2
Develope r #3
Develope r #4
Suraj Developers #5
Develope r #6-#10
Ongoing Residential Projects
Sr. No.
Project Segment
Project Developable 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)
% of area sold
1
2
3
Luxury
7.48
2.40
2.36
0.04
1,135.19
48,101
845.99
98.4%
Value Luxury Value Luxury / Luxury
5.71
1.65
1.62
0.03
661.30
40,821
365.92
98.5%
5.26
0.99
0.49
0.50
220.27
44,953
14.45
49.5%
Total
18.45
5.04
4.48
0.57
2,016.76 45,016
1,226.35 88.9%
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 Under Value Luxury & Luxury Segments (1/2)
Present Across Price Points, Unit Sizes And Sub-Markets In The SCM
j
s t c e o r P g n o g n O
i
18%
8%
44%
10%
8.50%
48%
Carpet Area For Sale Total | 5.46 lakh sq.ft.
30%
Upcoming Projects
36%
41%
Value Luxury
Luxury
Value Luxury / Luxury
Commerical
Carpet Area Sold Total | 4.89 lakh sq.ft.
33%
21%
2%
Estimated Carpet Area For Sale**
Total | 13.66 lakh sq.ft.
Source: Company
Note :** 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).
Estimated Sold and Unsold Receivables from Ongoing Projects ~₹ 1,166.4 Cr
Diversified Portfolio Under Value Luxury & Luxury Segments (2/2)
Ongoing Projects | Presence across unit sizes and price points
12
No. of offerings
Value Luxury Ticket Size : INR 10-30 mn
Luxury Ticket Size : INR 30-13 mn
6
4
4
300-400
400-500
500-650
650-800
800-950
1000-1300
1300-1500
1800-2200
3
2
1
1
1 BHK | 30% Share of Value Luxury in Ongoing Projects (by carpet area)
2 BHK | 41% Share of Value Luxury in Upcoming Projects (by carpet area)
3BHK
4BHK
Better demand from end users
Share of value luxury in new launches continues to increase
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
Preferred Redevelopment Developer
As most land parcels in SCM are in the nature of redevelopment projects, tenant settlement is key to unlock value
9 out of 10 residential projects launched by Suraj are redevelopment projects
13 out of 15 upcoming residential projects are redevelopments
Tenant Building Ave Maria
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 and 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
1
4
2
3
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
30%
30%
10%
CAGR in value terms over a longer term
70%
(No. Of Units)
70%
MMR
Others
MMR
Others
2X
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
• 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
<2 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 Cessed buildings - buildings more than 50 years old that need redevelopment in SCM
16,502 Buildings that are more than 80 years old and need development in SCM
• High income, discerning customer base • Aspirational value/premium product positioning • High demand across multiple segments and price points • Family expansion/nuclear family trends have generated demand for
housing in the same and neighbouring submarkets
• 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
8,382
423
1,953
2.980
Supply (in no of units)
Absorption (in no of units)
2.075
New
4,162
Redevelopment
Suraj’s share
87% Share of redevelopment projects in Suraj’s portfolio
8% Suraj’s market share in redevelopment project launches
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
Rahul Rajan Jesu Thomas Whole - Time Director
Elizabeth Lavanya Rajan Thomas Non-Executive Director
Dr. Ananta Singh Raghuvanshi Independent Director
Dr. Satyendra Shridhar Nayak Independent Director
Sunil Pant Independent Director
Jitendra Shantilal Mehta Independent Director
Vinod Prabhudas Chitore Independent Director
Senior Key Managerial Personnel
Shreepal Shah Chief Financial Officer
Mukesh Gupta Company Secretary
Gopal Barve Chief Engineer Of Subsidiary Of The Company, Accord Estates Private Limited
Anand Vyas Vice President - Sales
Sunny Soni Vice President & Business Head - Sales
Jitendra Gupta Head Project Management
Key Business Strategies
surajestate.com
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
8.03 lakh sq. ft. Developable area completed from 2016 to FY25
4.69 lakh sq. ft. Sale carpet area under Ongoing Projects (2023-2026)
13.66 lakh 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
• Follow flexible land acquisition strategies
(outright purchase, JVs, JDs, and development management) to benefit from emerging consolidation opportunities
• Land parcels situated at Bandra (West)
and Santacruz (East) for future development
• FSI potential of more than index 2.0 • 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
5. Continue to focus on redevelopment projects through asset light model
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 and Accolades
Historical Financials
surajestate.com
Consolidated Profit and Loss Statement
Revenue from operations
Particulars
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
10
-0.4
9.6
26.5
0.8
₹ Crs.
FY21 240
4
244
164.2
-22.3
7.6
3.9
153.4
90.6
37.1%
79.2
2.4
9
2.8
-0.1
2.8
6.3
0.2
Consolidated Balance Sheet
₹ Crs.
Particulars
Mar-25 Mar-24 Mar-23 Mar-22 Mar-21
Particulars
Mar-25 Mar-24 Mar-23 Mar-22 Mar-21
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
23.5
9.2 4.2
0.0 8.9
3.3
22.5
10.8 4.1
0.0 11.1
6.5
3.4
12.1 0.3
8.9 22.7
3.5
3.8
12.7 1.2
0.1 4.5
1.1
4.9
14.2 2
1.1 2.8
0.8
49.1
55.1
50.8
23.4
25.8
a) Inventories
904.1
739.2
652.3
621
565.3
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)
2.9 56.5
14.0
25.1 21.6 3.2 669.0
1.4 106.7
5.0
105.3 6.9 3.2 266.7
- 77.2
12.1
15.9 8.2 3.9 183.0
0.9
0.9
0.8
- 93.2
7.7
15.9 24.1 2.1 76.1
0.5
- 80.7
6.8
14 23.6 7.9 67.6
0.2
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
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
15.9
71.7
-16.1
71.4 0.1 71.5
15.9
6.4
39.4
-16.1
39.2 0.2 39.4
22.9
-0.1
29.1 0.2 29.4
345.7 0 4.6 1.1 351.4
396.6 0.4 4.5 1 402.5
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
CASH FLOW FROM OPERATING ACTIVITIES
Particulars
FY25
FY24
FY23
FY22
FY21
₹ Crs.
Profit before taxes
136.1
93.9
43.2
36.2
9.0
Adjustments for Interest expenses/income, depreciation
67.6
Operating profit / (loss) before working capital changes
203.7
Changes in Working Capital
Direct Taxes (Paid)/Refund Received
-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
surajestate.com
’
l
e t t e a P e h T
‘
t a d e h p a r g o t o h p t n e m
t r a p a e p m a s l
l
a u t c A
Ongoing Residential Projects
The Palette | Dadar West
Ocean Star – I | Dadar West
• 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
•
Vitalis | Mahim
• 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
• 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
•
Emmanuel | Dadar West
• This project is in the Value 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
Ongoing Residential Projects
Suraj Eterna | Mahim
• 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
Suraj Park View I | Dadar West
• A value luxury project with round the clock security, elevators, podium parking, elegant interiors and more 1& 2BHK sea facing apartments
• • G+29 storey building • Project is in the verdant Shivaji Park
neighbourhood
Suraj Lumina | Mahim
Suraj Aureva | Prabhadevi
• 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.
• The project comprises of both 1BHK and 2BHK
configurations
• This is the only building in the area that offers 2
•
BHKs with a private balcony. It has close proximity to some of the key landmarks. Dadar beach is just 750 metres away.
Summary of Ongoing Projects
Particulars
Remarks
Particulars
Remarks
Area Sold (Lakh Sq Ft)
Average Realisation Achieved (₹ per sq ft)
Collections Received (₹Cr)
Balance Receivable (₹Cr)
4.89
45,409
1,363
881
Total Unsold Area (Lakh Sq Ft)
0.57
Average Estimated Realisation Of Unsold Area (₹ Per Sq Ft)
Estimated GDV of unsold area (₹cr)
50,111
285
Estimated Sold and Unsold Receivables from Ongoing Projects ~₹1,166.4 Cr
Completion Targets for Ongoing Projects
GDV of ₹ 285.1 Cr from unsold area of ongoing projects
Balance receivables of ₹ 1,166.4 Cr to flow from FY26-FY31E from area sold and balance unsold area
1
FY 31
2
FY 29
FY 27
FY 26
Ongoing Projects
Sr. No.
Project Name
Location
Type
Segment
Completion Date (As Filed with RERA)
Developable Area
Sale Carpe t Area
Area Sold
Unsold Area
Sales Achieved
Avg Realisatio n
Collections Received
1 Suraj Aureva
Prabhadevi
Residential
2 Suraj Parkview 1
Dadar (W) Residential
Value Luxury/ Luxury
Value Luxury/ Luxury
Redevelopment
1.14
0.24
0.12
0.11
47.34
37,915
0.91
Redevelopment
3.08
0.53
0.22
0.31
105.59
47,160
0.25
3 Vitalis
4 Suraj Eterna
Mahim (W) Mahim (W)
Residential
Value Luxury
Redevelopment
3.49
0.81
0.81
-
338.39
41,553
156.01
Residential
Value Luxury
Redevelopment
0.61
0.33
0.30
0.03
114.86
37,965
71.75
5 Palette
Dadar (W) Residential
Luxury
Redevelopment
4.96
1.80
1.76
0.04
819.14
46,577
633.65
LSF
LSF
LSF
LSF
Cr.
Rs./SF
Cr.
6 Ocean Star-I
Dadar (W) Residential
Luxury
Redevelopment
2.52
0.60 0.60
7
CCIL Bhavan (Phase-II- Additional 2.5 floors)
Dadar (W) Commercia
Commercial
Redevelopment
0.27
0.24 0.24
l
8 Suraj Parkview 2
Dadar (W) Residential
Value Luxury
Redevelopment
0.64
0.21
0.21
9
Saraswat Bank Bhavan (Additional 2.5 Floors)
Prabhadevi
Commercia l
Commercial
Redevelopment
0.22
0.17
0.17
10
Mestry House
Mahim (W)
Residential
Value Luxury
Redevelopment
0.17
0.01
0.01
Emmanuel
Dadar (W) Residential
Value Luxury
Vacant Land
0.79
0.28
0.28
-
-
-
-
-
-
316.05
52,343
212.33
96.51
40,068
56.40
92.56
44,343
55.55
107.65
61,999
80.39
4.53
34,920
0.98
110.96
39,434
81.63
Suraj Lumina
Total
Mahim (W)
Residential
Value Luxury/ Luxury
Redevelopment
1.04
0.22
0.15
0.08
67.34
46,364
13.29
18.94
5.46 4.89
0.57
2,220.92 45,408.56
1,363.15
11
12
Strong Project Pipeline and Cashflow Trends
Sr. No.
Project Name
Location
Type
Segment
Estimated Carpet Area for sale* (lakh sq.ft)
1
2
3
4
5
6
SURAJ One Business Bay
Mahim (W)
Commercial
Commercial
JRU Property
Byculla (E)
Residential
Value Luxury/ Luxury
Gudekar House, Irani Building and Ratnabhumi Bld
Madonna Wing B
Lumiere Phase 2
Lucky Chawl
Dadar (W)
Residential
Value Luxury
Dadar (W)
Residential
Dadar (W)
Residential
Mahim (W)
Residential
Value Luxury
Value Luxury
Value Luxury
7,8 & 9
Bandra Project# 1,2&3
Bandra (W)
Residential
Luxury
10
11
12
13
14
15
16
17
Marinagar Phase** -2 & 3
Marinagar Phase** -2 & 3
Lobo Villa & Ellis Villa*
Girgaonkarwadi
Norman House
Nanabhai Manzil
Shivaji Park
Total
Mahim (W)
Residential
Value Luxury
Mahim (W)
Commercial
Commercial
Mahim (W)
Residential
Mahim (W)
Residential
Dadar (W)
Residential
Mahim (W)
Residential
Value Luxury
Value Luxury
Value Luxury
Value Luxury
Value Luxury
Dadar (W)
Residential
Luxury
Ambavat Bhawan & RK Mansion
Lower Parel (E)
Residential
2.09
0.21
0.33
0.14
0.20
0.15
2.76
1.71
2.85
0.47
2.00
0.32
0.07
0.20
0.16
13.66
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).
*The company plans to utilise FSI benefits under Regulations 33(7) and 33(12) of DCPR 2034, leading to an increase in saleable carpet area from 0.30 lakh sq. ft. to 0.47 lakh sq. ft.
** The Company is eligible to utilise additional FSI benefits under the Transit Oriented Development (TOD) Metro FSI Scheme as per Regulation 33(23) of DCPR 2034.
#The company is considering options to develop the project under regulation 33(9), 33(10), 33(11), 33(12) and 33(17), which is estimated to increase sale carpet area from 1.69 lakhs sq ft to 2.76 lakh sq ft
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
1
2
3
4
5
6
7
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
100
100
100
100
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
Company's / respective entity's stake in project
Developed Area
Date of Occupation certificate
Occupation certificate for all floors
1 2 3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
Louisandra Ave Maria Nirvana**
Dadar (W) Dadar (W) Parel (East)
Residential Residential Residential
Suraj Estate Developers Suraj Estate Developers Suraj Estate Developers
Tranquil Bay-II
Dadar (W)
Residential
Suraj Estate Developers
Tranquil Bay-I
Dadar (W)
Residential
Suraj Estate Developers
Ocean Star-II
Dadar (W)
Residential
Suraj Estate Developers
Mon Desir
Mangirish
Dadar (W)
Dadar (W)
Commercial / Residential Residential
Suraj Estate Developers
Accord Estates
St Anthony Apartments
Mahim (W)
Residential
Suraj Estate Developers
Brahmsidhhi CHS Saraswat Bank Bhavan (Phase-1-upto 7th floor
Prabhadevi
Residential
Suraj Estate Developers
Prabhadevi
Commercial
Suraj Estate Developers
Suraj Height -I,II,III
Christina Apartments
Goregaon (E) Santacruz (E)
Commercial / Residential Commercial / Residential
Suraj Estate Developers
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
(%)
100 100 100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
(square feet)
Yes/ No
(square meter) 5,886 16,446 29,908
2,756.27
356.22 (FSI area) 1,038.86 (FSI area)
2,749.03
5,850
1,839.62
8,402.50
63,360 1,77,021 3,21,882
29,668.49
3,834.35 (FSI area)
11,182.29
29,590.56
62,973
19,801.67
90,444.51
13/05/2024 Awaited 11-01-2025 13-03-2019/17-10- 2022
15-10-2011
Yes (Part OC Received) No Yes ( Except for 10 flats)
Yes
Yes
26-02-2019
Yes (Except for 4 Flats)
27-08-2019
06-12-2021 27-08-2021/29-04- 2022 22-03-2006
3,986.24
42,907.89
16-10-2010
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
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
(**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)
Completed Projects
Sr. No
Project Name
Location
Type and configuration
Name of company/entity that is the developer of the project
19
Rahul-11
Dadar (W)
Residential
20
Vinayak Darshan
Dadar (W)
Residential
21
Bobby Apartments
Mahim (W)
Residential
22
23
Suraj Venture-A
Mahim (W)
Residential
Suraj Venture-B
Mahim (W)
Residential
24
Hallmark
Wadala (E)
Residential
25
Harmony
Dadar (W)
Commercial / Residential
26
Neat House
Dadar (W)
Residential
27
Madonna Wing A
Dadar (W)
Residential
28
Our Lady of Vailankanni & OurLady of Perpetual Succour
Mahim (W)
Residential
29
Our Lady of Lourdes
Mahim (W)
Residential
30
Jacob Apartments
Dadar (W)
Commercial/ Residential
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Suraj Estate Developers
Company's / respective entity's stake in project
(%)
100
100
100
100
100
100
100
100
100
100
100
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 (FSI area)
Developed Area
(square feet)
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 (FSI area)
Date of Occupation certificate
20-04-1993
03-12-1992
22-05-2003
03-11-1990
14-01-1992
30-11-2016
Occupation certificate for all floors
Yes/ No
Yes
Yes
Yes
Yes
Yes
Yes
06-04-2010
Yes (Except for 4 Flats)
18-09-2000
07-08-1999
15-11-2003
07-10-1996
Yes
Yes
Yes
Yes
16-03-2006
Yes (Excep for 4 Flats)
Completed Projects
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
Occupation certificate for all floors
Date of Occupation certificate
Sr. No
31
32
33
Gloriosa Apartments
Dadar (W)
Residential
Suraj Estate Developers
Lavanya Apartments
Dadar (W)
Residential
Suraj Estate Developers
Shweta Apartments
Dadar (W)
Residential
Suraj Estate Developers
34
Sujatha Apartments
Dadar (W)
Residential
Suraj Estate Developers
35
36
37
38
39
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
40
Diomizia Apartments
Dadar NJ)
Residential
Suraj Estate Developers
41
Elizabeth Apartment
Dadar NJ)
42
43
Lumiere
Dadar NJ)
Mahadevachiwadi CHS
Parel
Commercial/ Residential Commercial/ Residential Commercial/ Residential
Suraj Estate Developers
New Siddharth Enterprises
Accord Estates
44
Suraj Vista
Dadar (W)
Residential
Suraj Estate Developers
45
Elizabeth Apartment
Elphinstone Road
Residential
Suraj Estate Developers
(%)
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
(square meter)
(square feet)
Yes/ No
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 (FSI area) 3,880.06 (FSI area) 9,061.85 (FSI area) 473.3 (FSI area) 2,593.20 (FSI area)
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 (FSI area) 41,764.97 (FSI area) 97,541.75 (FSI area) 5,094.60 (FSI area) 27,913.20 (FSI area)
01-04-2005
Yes (Except for 4 Flats)
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
30-12-2020/29-09- 2022
27-10-20 15
18-09-1996
23-10-1992
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Total
97,225.31
10,46,543.20
For Further Information, Please Contact
Company:
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 022-24377877/022-24360802 www.surajestate.com
Investor Relation Advisor:
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