Suraj Estate Developers Limited, a leading real estate player focused on South Central Mumbai (SCM) market with specialisation in redevelopment projects, has announced its audited financial results for the quarter and year ended March’26.

•      FY26 Sales Value increased 23% y-o-y to Rs 615 Crores

•      FY26 Sales Area increased 42% y-o-y to 1,31,167 Sq. ft.

•      FY26 Collections increased 9% y-o-y to Rs 421 Crores

• The decline in PAT during the year was primarily attributable to higher finance costs arising from recent acquisitions and ongoing business development activities

Business Updates:

• Achieved Sales value of ~₹615 crore during FY26, surpassing the Company’s guidance of ₹600 crore, reflecting disciplined execution and Company’s continued focus on driving sustainable business growth across South-Central Mumbai

• Successfully launched Suraj One Business Bay, Suraj Parkview 1 and Suraj Aureva during FY26 with cumulative Gross Development Value of ~₹1,600 crore across commercial and residential segments

• Acquired a strategically located land parcel at Sayani Road, Prabhadevi with estimated GDV potential of ~₹200 crore, strengthening the Company’s upcoming project pipeline in South-Central Mumbai

• Signed an MOU for acquisition of development rights of a land parcel contiguous to Suraj One Business Bay, with incremental GDV potential of ~₹800 crore, taking the project’s combined GDV potential to over ₹2,000 crore

Commenting on the performance, Rahul Thomas, Whole-time Director, Suraj Estate Developers, said, “FY26 marked a year of strong execution and strategic progress for the Company, driven by healthy sales momentum, successful launches and improving traction across South-Central Mumbai. During the year, the Company launched key projects including Suraj One Business Bay, Suraj Park View 1 and Suraj Aureva, which received encouraging response and further strengthened its presence across residential and commercial segments.

The Company successfully achieved its FY26 pre-sales guidance, supported by strong customer demand, healthy collections and robust realizations across projects. Commercial developments also emerged as an important growth driver during the year, aided by increasing demand for premium office assets across key SCM micro-markets.

The Company further strengthened its future development pipeline through the acquisition of a strategically located land parcel in Prabhadevi with an estimated GDV potential of ~₹200 crore. Additionally, the Company signed an MOU for acquisition of development rights for a land parcel contiguous to its ongoing commercial project Suraj One Business Bay. The proposed amalgamation is expected to generate additional saleable carpet area of ~1.50 lakh sq. ft. with estimated incremental GDV potential of ~₹800 crore, taking the combined GDV potential of Suraj One Business Bay to over ₹2,000 crore.

Looking ahead, the Company remains focused on sustaining launch momentum, accelerating execution and driving monetization across its expanding portfolio. Backed by a strong pipeline, improving commercial opportunities and continued customer engagement, the Company remains confident of sustaining long-term growth and creating enduring value for stakeholders.”