Suraj Estate’s Big Mahim Expansion: Rs 800 Cr GDV Locked In!

Suraj Estate Developers, through its wholly-owned subsidiary Iconic Property Developers, has successfully secured development rights for a 2,941-sq.-mtr. land parcel situated in Mahim West, Mumbai.

Registered via a formal development agreement, the newly acquired plot is contiguous to the firm's existing commercial venture, Suraj One Business Bay. Integrating this parcel with the current site is projected to generate an additional 1.50 lakh sq. ft. of saleable carpet area, translating to an estimated Gross Development Value (GDV) of Rs 800 crore.

This strategic land purchase not only strengthens Suraj Estate’s near-to-medium-term project pipeline but also deepens its market consolidation and commercial footprint within the sought-after South-Central Mumbai micro-market.

News by Rahul Yelligetti.