Suraj Estate Developers Mumbai Net Profit up in Q2 - 2024

Suraj Estate Developers Mumbai Net Profit up in Q2 - 2024

Suraj Estate Developers Mumbai Net Profit up in Q2 - 2024

Suraj Estate Developers, a name synonymous with luxury and quality, continues to make strides in Mumbai’s real estate market. With a robust portfolio of premium residential and commercial projects, the group recently announced an 88% increase in its consolidated net profit for Q2 FY25, marking another milestone in its illustrious journey. Let’s explore how Suraj Estate is reshaping Mumbai with its ongoing projects and financial achievements.


Financial Milestone: Q2 FY25 Performance

Suraj Estate Developers reported an impressive 88% growth in consolidated net profit, reaching ?31.8 crore for Q2 FY25, compared to ?16.96 crore in the same quarter last year. The company's total income also rose to ?109.63 crore, up from ?103.7 crore year-on-year. This growth highlights their consistent delivery of high-quality developments and strategic investments in Mumbai’s prime locations.


Ongoing Projects: Crafting Luxury Across Mumbai

Suraj Estate’s ongoing projects cater to a range of clientele, from luxury homebuyers to first-time homeowners. Here’s an overview of their prominent developments:

Project NameLocationConfigurationRERA Number
The PaletteDadar West2, 3, 4, 5 BHKP51900008207
Ocean StarPrabhadevi3, 4 BHKP51900007257
Suraj LuminaMahim2, 3 BHKP51900031447
Suraj EmmanuelDadar West1, 2 BHKP51900028729
Suraj VitalisMahim1, 2 BHKP51900031447
Ave MariaDadar West1, 2 BHKP51900021954
Suraj Park ViewDadar West1, 2 BHKP51900047891
Suraj EternaMahim1, 2 BHKP51900032173

Key Features of Suraj Projects

  • Prime Locations: Strategically placed in South-Central Mumbai, these projects enjoy excellent connectivity and proximity to iconic landmarks such as the Bandra-Worli Sea Link and Siddhivinayak Temple.
  • Luxurious Amenities: From modern gymnasiums to landscaped gardens, each project offers unparalleled amenities to enhance lifestyle experiences.
  • Focus on Sustainability: Suraj is committed to environmentally responsible construction practices, ensuring a sustainable future for its residents.

Why South-Central Mumbai is Ideal for Suraj Estate

South-Central Mumbai, encompassing areas like Worli, Dadar, Prabhadevi, and Mahim, serves as the perfect canvas for Suraj Estate Developers. This region is renowned for its:

  • Elite Residential Appeal: A hub for luxury homes sought by HNIs and corporate professionals.
  • Redevelopment Potential: Numerous redevelopment opportunities align with Suraj's expertise in transforming old structures into modern masterpieces.
  • Seamless Connectivity: Proximity to major business districts, transportation hubs, and premium lifestyle amenities makes it a coveted location.

Conclusion

Suraj Estate Developers exemplifies how thoughtful design, strategic planning, and a focus on customer satisfaction can create a legacy in the real estate sector. With a strong financial performance in Q2 FY25 and a stellar lineup of ongoing projects, Suraj is not just constructing buildings but also nurturing dreams and redefining lifestyles in Mumbai.

 
About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/