The company was originally incorporated as ‘Suraj Estate Developers Private Limited’, a private limited company under the Companies Act, 1956 at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated September 10, 1986 issued by the Registrar of Companies, Maharashtra at Mumbai (RoC). Subsequently, the company was converted into a public limited company, pursuant to a special resolution of the shareholders of the company dated October 30, 2021 and the name of the company was changed to ‘Suraj Estate Developers Limited’ and a fresh certificate of incorporation dated December 9, 2021 was issued by the RoC.

The company has been involved in the real estate business since 1986 and develop real estate across the residential and commercial sectors in South Central Mumbai region. It has a residential portfolio located in the markets of Mahim, Dadar, Prabhadevi and Parel, which are sub-markets of the South-Central Mumbai micro market where it has established its presence. It is focused primarily on value luxury, luxury segments and commercial segment. It is now venturing into residential real estate development in Bandra sub-market.  Since most of the land parcels in the South Central Mumbai market are in the nature of redevelopment projects, its core competence lies in tenant settlement which is a key element for unlocking value on such land parcels. It identifies cessed/ non-cessed properties with existing tenants, and tie up with the landlords of such tenanted properties by entering into a development agreement or on outright purchase basis through conveyance deed. 

The company does not provide any construction services on its own and is 100% dependent on third party contractors for the construction services of its Projects. The company’s customer centric business model focuses on addressing customer requirements in various locations, ticket sizes and configurations. Its ability to deliver differentiated product offerings through its deep understanding of the real estate market coupled with design and execution capabilities, strong brand presence and extensive marketing initiatives has helped it to successfully grow its business. The company has established a strong brand and a successful track record in the real estate industry through its emphasis on contemporary architecture, strong project execution capabilities and quality construction. Its strong presence in the South Central Mumbai region has generated significant brand recall in sub markets in this region and substantial sales referrals from existing customers. Its brand name, longstanding operations and extensive experience in South Central Mumbai region provides it with significant opportunities in this fast-growing redevelopment sub-markets in the region. 

Business area of the company

The company builds and develops real estate, with a focus on best-in-class collaborations and client assurance. Its focus area of operation is the South-Central region in Mumbai mainly consisting of Mahim, Matunga, Dadar, Prabhadevi and Parel, as its expertise lies is in the redevelopment of tenanted properties under Regulation 33(7) of the Development Control and Promotion Regulations (DCPR) in the Mumbai region. 

Key awards, recognitions and accreditations

• 2020: The company received the award as ‘Developer of the Year – Residential’ at CNN News 18 Real Estate & Business Excellence Awards for Mumbai City on February 2, 2020.
• 2022: The company received the award as ‘Developer of the Year - Residential’ at Business Tycoon Award by Business Standard on March 14, 2022. 
• 2022: The company received the award as ‘Brand of the Year’ at CNBC-Awaaz Real Estate & Business Excellence Awards on March 15, 2022.
• 2022: The company received the award as ‘Iconic Developer of the Year’ by Mid-Day at the Mid-Day International Real Estate & Infrastructure Icons 2022 held at Dubai, United Arab Emirates on June 18, 2022.
• 2022: The company received the award as ‘Promising Residential Developer of the Year FY 2022-23’ by Ace Alpha Awards on October 28, 2022.

Major events and milestones

• 1986: The company was incorporated as a private limited company.
• 1990: The company successfully completed its maiden project ‘Suraj Venture A’ a residential project located at Mahim (West), Mumbai.
• 1992: The company successfully delivered a residential building known as ‘Vinayak Darshan’ located at Dadar (West), Mumbai, which was exclusively sold to a nationalized public sector bank.
• 1996: The company successfully delivered a residential building known as ‘Suraj Heights III’ located at Goregaon (East), Mumbai, which was exclusively sold to one of the leading private sector bank as staff quarters.
• 2000: The company successfully delivered ‘ICICI Apartments’ a residential project located at Kirti College Lane, Dadar (West), Mumbai, which was exclusively sold to one of the leading private sector bank as quarters for senior officers.
• 2000: The company successfully delivered ‘NEAT House’ a residential project located at Dadar (West), Mumbai, which was exclusively sold to a stock exchange as quarters for senior officers.
• 2005: The company delivered 14 apartments in ‘Gloriosa Apartment’ a residential project located at Dadar (West), Mumbai, to Clearing Corporation of India Limited as quarters for their senior officers.
• 2007: The company successfully delivered ‘ICICI Apartments’ a residential project locate at Shankar Ghanekar Road, Prabhadevi, Mumbai, which was exclusively sold to one of the leading private sector bank as quarters for senior officials.
• 2010: The company successfully delivered ‘Saraswat Bank Bhavan’ a built to suit commercial building consisting of ground +7 upper floors located at Prabhadevi, Mumbai as corporate office for Saraswat Co-operative Bank Limited.
• 2012: The company successfully delivered ‘CCIL Bhavan’ a built to suit commercial building consisting of ground + 6 upper floors located at Dadar (West), Mumbai as corporate office for Clearing Corporation of India Limited. 
• 2016: Accord Estates Private Limited, the company’s Material Subsidiary, entered into a Joint Development Agreement with Runwal Realty Private Limited for the development of a residential project known as ‘Nirvana’ located at Parel (East). 
• 2017: The company with its launch of its flagship project known as ‘Palette’ located at Dadar (West), Mumbai and entered into the luxury residential segment of the real estate market of South Central Mumbai.
• 2017: The company launched the sea facing luxury project ‘Ocean Star’ at Dadar (West), Mumbai located less than 100 meters from sea.
• 2018: The company successfully raised Rs 200 crore term loan facility from Piramal Capital & Housing Finance Limited for its luxury projects Palette, Tranquil Bay and Mangirish.
• 2019: The company through the launch of ‘Louisandra’ a residential value luxury project located at Dadar (West), Mumbai, forayed into the value luxury segment comprising of 1 BHK and compact 2 BHK in the South Central Mumbai.
• 2019: The company launched ‘Ave Marie Apartments’ a residential value luxury project located at Dadar (West), Mumbai.
• 2021: The company acquired vacant land parcel at Tulsi Pipe Road from Tata Motors Limited.
• 2021: The company received investment from ICICI Ventures Funds Management Company by way of subscription to Non-Convertible Debentures for part financing project cost of newly launched value luxury project ‘Suraj Eterna’.
• 2021: The company launched ‘Vitalis’ a residential value luxury project located at L.J Road, Mahim (West), Mumbai.
• 2021: The company launched ‘Suraj Eterna’ a residential value luxury project located at Off. L.J. Road, Mahim (West), Mumbai.
• 2022: The company has recently launched “Suraj Parkview 2” a residential value luxury project located at Final Plot No 702-704, TPS IV of Mahim Division, Anant Patil Marg, Dadar (West), Mumbai.
• 2022: The company has received investment from ICICI Ventures Funds Management Company by way of subscription to Non-Convertible Debentures for part financing project cost of newly launched value luxury project ‘Suraj Parkview 2’.
• 2022: The company has successfully raised Rs 1,400 million term loan facility from Tata Capital Housing Finance Limited for its value luxury project Vitalis towards refinancing of existing debt and for construction finance for the project.
• 2023: The company received financing of Rs 46.50 crore from Axis Finance Limited.
• 2023: The company entered in to Memorandum of Understanding (MOU) Agreement with Clearing Corporation of India (CCIL) for Sale of Additional Commercial Floors on a built to suit model in its ongoing project CCIL Bhavan (Phase 2 - Additional 2.5 Floors).