Suraj Estate Developers has launched a luxury residential project in Mumbai’s Prabhadevi area, Suraj Aurea, with a projected gross development value of Rs 1.2 billion. The 21-storey tower features premium residences starting from Rs 24.7 million. The Mumbai-based firm plans to launch several residential and commercial developments in FY2025-26.
Suraj Estate Developers Ltd, a prominent name in Mumbai’s luxury real estate landscape, has announced the launch of a new premium residential project in Prabhadevi, with a total investment of ₹1.2 billion. The project is poised to cater to the growing demand for upscale urban living in South Mumbai. Known for their landmark developments across Mahim, Dadar, and Prabhadevi, this launch marks another strategic step in Suraj Estate’s expansion into high-value micro-markets. The project will offer 2- and 3-BHK apartments with modern amenities, sea-facing views, and proximity to cultural, educational, and business hubs.
Prabhadevi remains a sought-after destination due to its excellent connectivity and limited land supply. The area provides direct access to key business hubs like Lower Parel and Worli, while also benefiting from the Bandra-Worli Sea Link. This micro-market continues to attract both residents and investors due to its blend of exclusivity and accessibility. Read Knight Frank’s (India Real Estate2025)
Location Advantage and Market Trends
Prabhadevi has witnessed a surge in property demand and capital appreciation, owing to its strategic location between Worli and Dadar. The area is popular for its seamless connectivity to the Western and Eastern Express Highways, Bandra-Worli Sea Link, and close access to commercial hotspots like Lower Parel and Nariman Point. Suraj Estate’s new launch is expected to tap into the rising demand from both end-users and NRIs looking for long-term asset appreciation. (Real estate growth)
Suraj Estate’s Strategy and Previous Projects
This launch comes on the heels of Suraj Estate’s successful IPO in 2023, which was met with robust investor interest. The company has a proven track record in transforming underutilized land parcels into luxurious living spaces. Their recent projects in Dadar (West) and Mahim have already set benchmarks for quality construction and timely delivery. This new Prabhadevi development is part of a broader strategy to solidify their position in Mumbai’s western corridor.
Design and Amenities
The project promises a blend of aesthetics and utility, with contemporary architecture, green spaces, rooftop leisure zones, a fitness centre, and automated parking. It aligns with the preferences of the modern urban buyer, who prioritizes both functionality and lifestyle. The high-rise tower will offer panoramic views of the Arabian Sea and city skyline, aiming to deliver an exclusive living experience.
Investment Potential and Demand Outlook
With Mumbai’s real estate market entering a stable growth phase, especially in luxury and mid-premium segments, this project is expected to attract significant investor interest. According to recent industry reports, luxury home launches in Mumbai surged by over 25% YoY in the first half of 2025. Additionally, Prabhadevi’s limited land availability and high liveability index make it an evergreen micro-market for real estate investments.
Conclusion
Suraj Estate’s ₹1.2 billion residential launch in Prabhadevi not only reflects confidence in Mumbai’s property market but also reinforces their commitment to delivering thoughtfully designed, high-value homes. With its exceptional location, premium features, and developer reputation, the project is expected to emerge as a sought-after address for discerning homebuyers and investors alike.
q1. What is the value of the new project by Suraj Estate in Prabhadevi?
The project is valued at ₹1.2 billion and focuses on premium residential offerings.
q2. What types of apartments are available in this project?
The project offers spacious 2 BHK and 3 BHK luxury apartments with modern amenities.
q3. Where is the project located?
It is located in Prabhadevi, South Mumbai—close to Lower Parel, Worli, and the Bandra-Worli Sea Link.
q4. What amenities are included in the development?
Key amenities include a rooftop lounge, gym, landscaped decks, automated parking, and sea-facing views.
q5. Who is the developer and what’s their track record?
Suraj Estate Developers Ltd is a reputed Mumbai-based builder with over 40 completed projects in Mahim, Dadar, and Prabhadevi.
