Suraj Estate Developers Ltd.

Incorporated in 1986, Suraj Estate Developers Limited is a real estate construction company. The company develops residential and commercial real estate in the South Central Mumbai region.The company does not provide any in-house construction services and is 100% dependent on third-party contractors for the construction services of its Projects.Suraj Estate Developers Limited has completed forty-two (42) projects in the South-Central Mumbai region.In addition to the completed projects, the company has thirteen (13) ongoing projects and sixteen (16) upcoming projects.The company's projects include Suraj Eleganza-II and ICICI Apartments, CCIL Bhavan (Phase-I up to 6th floor) and Tranquil Bay-I, Elizabeth Apartment and Mon Desir, St. Anthony Apartments, Lumiere and Tranquil Bay-II, Brahmsidhhi CHS, Jacob Apartments, Suraj Eleganza-I and Gloriosa Apartments and others.As of September 30, 2023, the company, together with its subsidiaries, employed 126 permanent employees.Suraj Estate has developed more than 10 lakh square feet of land in Mumbai. In the residential portfolio, Suraj Estate is present in the "Value Luxury' and "Luxury' segments in various price categories with unit values ranging from Rs. 10.00 million to Rs. 130.00 million.In the commercial segment, Suraj Estate has built and sold corporate headquarters for institutional clients, namely Saraswat Cooperative Bank Limited (Prabhadevi), National Stock Exchange of India, Union Bank of India and Clearing Corporation of India Limited (Dadar).

Suraj Estate Developers Ltd. proposes to utilise the net proceeds from the Issue for the following objects: