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City Updates

Suraj Estate Developers launches One Business Bay with ₹1,200-cr GDV in Mahim

Suraj Estate Developers
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Suraj Estate Developers Limited, one of South Central Mumbai’s prominent real estate developers, has announced the launch of its landmark commercial project, One Business Bay, marking a major strategic milestone in the company’s growth journey. The marquee development, spanning 2.09 lakh sq. ft. of carpet area with an estimated Gross Development Value (GDV) of ₹1,200 crore, signifies Suraj Estate’s focused expansion into the commercial real estate segment.

The project, which has received its RERA registration (MahaRERA No. PC1170002501460), is positioned to redefine Mahim’s emergence as a prime business destination through its strong connectivity, institutional-grade design, and sustainability-led development approach.

Strategically located at the junction of Senapati Bapat Marg, One Business Bay enjoys exceptional connectivity to Mumbai’s key business districts through western and central railway networks, Sitladevi Metro Aqua Line, Tulsi Pipe Road ensuring seamless connectivity to Dadar, Prabhadevi, Lower Parel, and Bandra Kurla Complex (BKC).

The location is set to further benefit from the upcoming BKC-Senapati Bapat Marg Connector providing direct access to the Western Express Highway and the Mumbai Domestic and International Airports which will significantly enhance east-west accessibility and strengthen Mahim’s position as an emerging commercial hub.

The launch of One Business Bay marks Suraj Estate’s expansion into commercial segment, reinforcing its strategic focus on scaling its commercial portfolio across South Central Mumbai. The company has proven legacy of delivering landmark institutional developments, including Saraswat Co-operative Bank’s Headquarters (Saraswat Bank Bhavan) in Prabhadevi (approx. 60,000 Sq. Ft.) and the Clearing Corporation of India Limited’s Headquarters (CCIL Bhavan) in Dadar (approx. 90,000 Sq. ft.), both of which have become prominent business addresses in the region.

Designed by renowned Architect Hafeez Contractor, India’s most renowned name in urban architecture, One Business Bay is designed as a complete ecosystem to accommodate 182 premium business office units, complemented by premium retail spaces, restaurants, cafés, and a dedicated double-height E-Deck breakout zone for employee socializing and recreation.

The project comprises of 2 levels of basement, a double-height grand entrance lobby, 8 levels of podium parking, double height E-Deck level (approx. 28 feet height) and 14 office floors having floor to floor height of 14 feet. It features multiple destination-controlled high speed elevators an intelligent system. Each office floor houses 11 to 15 business units, catering to a diverse mix of corporates and other entities. All these features work together combining efficiency, design sophistication, and functionality.

In line with the industry’s green shift, the project integrates sustainability and wellness features that align with international certification standards with advanced sustainability-driven features in the form of energy-efficient double-glazed UV-protected facades, advanced air-filtration systems, central air-conditioning that aims at reducing operational energy loads.

Engineered with cutting-edge sustainability features, the project is designed to meet international green development benchmarks, aspiring to obtain Gold LEED certification thereby, reinforcing Suraj Estate’s dedication to building responsibly and reducing environmental impact.

With its strategic location advantage, proximity to BKC and direct access to Senapati Bapat Marg, One Business Bay is poised to attract enterprises and investors seeking future-ready workspaces in one of Mumbai’s most connected commercial corridors.

From a business perspective, OBB is being developed as an outright strata-sale project, with the flexibility to cater to a larger floor plate requirement.

Backed by nearly four decades of experience in Mumbai’s redevelopment and real estate ecosystem, Suraj Estate’s continuing to position its leadership with a strong pipeline of residential and commercial developments across South Central Mumbai.

Commenting on the approval, Mr. Rahul Thomas, Whole-Time Director, Suraj Estate Developers, said, “One Business Bay represents a significant step forward in our strategy to strengthen Suraj Estate’s commercial footprint in South Central Mumbai. With a GDV of ₹1,200 crores, we anticipate strong institutional and end-user interest, driven by the location’s connectivity advantages, the project’s design excellence, and its sustainability-led approach. With this launch, we have launched projects with a cumulative GDV of ~ ₹1600 crores in this financial year, underscoring our steady growth momentum and commitment to value creation across asset classes”.

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