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Suraj One Business Bay
By ICONIC PROPERTY DEVELOPERS PVT LTD
RG-MH-79657 · RERA PC1170002501460 · Last updated on MahaRERA portal: 18 May 2026
Source: official MahaRERA filing
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Red flags
- Rs 250.00 crore secured on the land, in favour of Kotak Mahindra Investment Ltd
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
- Allotment letter follows the model form
1 condition is on this record. What each one means for someone buying here, and what the promoter's own filed documents say behind it, is what the buyer report adds.
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Suraj One Business Bay is a Commercial project by ICONIC PROPERTY DEVELOPERS PVT LTD in Mumbai City, Maharashtra, registered with MahaRERA as PC1170002501460 on 13 Nov 2025. Possession is promised by 31 Dec 2031. 38 of the 183 units on this registration are recorded sold or booked, and 0 of 11 construction stages are filed complete.
At a glance
Project
- NameSuraj One Business Bay
- TypeCommercial
- Location
- Senapati Bapat Road
- Mahim
- Gnorth-400019
- Ward GNorth
- Mumbai City
- 400016
- Pincode400016
- MapView location on Google Maps (as filed on RERA)
- RERA no.PC1170002501460
- ReraGenie IDRG-MH-79657
Builder
- NameICONIC PROPERTY DEVELOPERS PVT LTD
- Entity typeCompany
- CINU70100MH2010PTC205955
- GSTIN27AACCI5484M1Z1
- DirectorsTHOMAS RAJAN, Rahul Jesu Thomas, Sujatha Thomas
- Declared earlier projects3 →
Key dates
Key facts
Registration and timeline
- StatusRegistered
- Registered on13 Nov 2025
- Promised completion31 Dec 2031
- Revised completionNone
- Buildings1 building record
- Documents filed21 files
Current status
Figures as on 18 May 2026, this project's latest MahaRERA filing.
Buildings and wings, as sanctioned
| Building | Wing | Floors sanctioned | Habitable floors | Residential units | Other units | Total |
|---|---|---|---|---|---|---|
| Commercial Building on FP No. 426A AND 426B | NA | 29 | 18 | 0 | 183 | 183 |
The full filing
Everything below is from the project's own MahaRERA filing, free to read. The Rs 499 buyer report reads the filed documents themselves and puts the findings in plain language.
Construction progress by building1
As on 18 May 2026, the date of the latest filing. The RERA activity checklist for each building, from the promoter's latest quarterly progress filing. These are the promoter's own figures, not an independent inspection.
0 of 11 construction stages are filed complete. The stage furthest along is Excavation, at 5%.
Commercial Building on FP No. 426A AND 426B: 0% average across the applicable activities
| Activity | Progress |
|---|---|
| Excavation | 5% |
| Basement (if any) | 0% |
| Podiums (if any) | 0% |
| Plinth | 0% |
| Stilt Floor | 0% |
| Slabs of Super Structure | 0% |
| Internal walls, Intemal Plaster, Floorings, Floors and windows within Flats/Premises | 0% |
| Sanitary Fittings within the flats / premises | 0% |
| Staircases, Lifts Wells and Lobbies at each Floor level Overhead and Underground Water Tanks | 0% |
| External plumbing and external plaster, elevation, completion of terraces with waterproofing of the Building / wing. | 0% |
| Installation of Lifts, water pumps, Fire Fighting Fittings and Equipment as per CFO NOC, Electrical fittings, mechanical equipment, compliance to conditions ofenvironment/CRZ NOC, Finishing to entrance lobby/s, plinth protection. paving of areas appurtenant to Building/Wing, Compound Wall and all other requirements as may be required to complete project as per specifications in agreement of Sale. | 0% |
Progress on shared amenities15
As on 18 May 2026, the date of the latest filing. Lifts, roads, water and the other shared works, from the same quarterly filing, and reported by the promoter rather than inspected.
| Common facility | Proposed | Progress |
|---|---|---|
| Internal Roads & Footpaths | No | Not applicable |
| Water Supply | No | 0% |
| Sewerage (Chamber, Lines, Septic Tank , STP) | No | 0% |
| Storm Water Drains | No | 0% |
| Landscaping & Tree Planting | No | 0% |
| Street Lighting | No | Not applicable |
| Community Buildings | No | Not applicable |
| Treatment And Disposal Of Sewage And Sullage Water | No | 0% |
| Solid Waste Management And Disposal | No | 0% |
| Water conservation /Rain water harvesting | No | 0% |
| Energy managemcnt | No | 0% |
| Fire protection and fire safety requirements | No | 0% |
| Electrical meter room, sub-station, receiving station | No | 0% |
| Aggregate area of recreational Open Space | No | 0% |
| Open Parking | No | Not applicable |
Parking filed460
Slots recorded per building wing in the filing. MahaRERA does not publish a two wheeler or four wheeler split, visitor parking, or the sanctioned allotment, so this is provision as filed and not a comparison against the approved plan.
Land and ownership
A declared charge means a lender has a claim over the project land. Ask the promoter for a no-objection certificate from the lender named above before you pay any amount.
Approvals and building plan
Project account and cost
70 percent of buyer money must sit in the project account. Account numbers are not published by MahaRERA, so check that your agreement for sale names a designated account for this project and pay into that account only.
| Building | Wing | Estimated | Incurred |
|---|---|---|---|
| - | NA | Rs 225.00 cr | Rs 2.74 cr |
Certifying professionals and partners6
Form 1, 2 and 3 certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Architect | Aaakar Architects & Consultants |
| Architect | Priyanka Rahate |
| Engineer | J W Consultant LLP |
| Engineer | Rohan Thanedar |
| Engineer | Malik shahzad |
| Chartered Accountant | Jigar Zaveri & Associates |
| Partner | Role in project |
|---|---|
| ICONIC PROPERTY DEVELOPERS PVT LTD | - |
Complaints filed with MahaRERA
No complaints on record against this registration.
The permission chain
The permissions a project needs, in the order they happen, matched to MahaRERA's own document slots. A slot on the file means the promoter uploaded a document there; it is not proof the permission was granted, and the filing carries no issue dates. An empty slot is not proof an approval is missing.
- Legal title reportNot on the file
A lawyer's report on who owns the land and what is registered against it.
- Layout approvalOn the file
The planning authority's approval of how the plots and buildings sit on the land.
uploaded 28 Oct 2025 - Building plan approvalOn the file
Sanction of the building plans themselves, filed as an IOD in Mumbai and as a plan approval elsewhere.
uploaded 24 Sep 2025 - Commencement CertificateNot on the file
Permission to begin construction. On a plotted development the same slot carries the NA order instead.
- Occupancy CertificateNot due yet
The legal go-ahead to move in. It comes at the end, so its absence on a project still under construction is expected.
possession is promised for 31 Dec 2031
Documents filed21
As listed on the registration, named by the MahaRERA slot each file was filed under, with the promoter's own file name beneath. The files themselves are available at source: open this registration on the MahaRERA portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| Form 2A (FY 2025-2026)File: fORM-2A.pdf | 18 May 2026 |
| Withdrawal Update Form 1File: Architects Certificate..pdf | 14 May 2026 |
| Withdrawal Update Form 2File: Engineers Certificate.pdf | 14 May 2026 |
| Withdrawal Update Form 3File: One Business Bay Rera Form March 2026.pdf | 14 May 2026 |
| Withdrawal Update Form 1File: Annexure. A..pdf | 7 May 2026 |
| Withdrawal Update Form 2File: One Business Bay Form 2.pdf | 7 May 2026 |
| Withdrawal Update Form 3File: One Business Bay Form 3.pdf | 7 May 2026 |
| Declaration and undertaking (Annexure A)File: ORDER 50.pdf | 1 Nov 2025 |
| Layout approvalFile: layout plan.pdf | 28 Oct 2025 |
| Building plan approvalFile: Ground Floor Plans with FSI.pdf | 24 Sep 2025 |
| Building plan approvalFile: Basement 1& 2 Floor Plan.pdf | 24 Sep 2025 |
| Building plan approvalFile: Podium Level Plans.pdf | 24 Sep 2025 |
| Building plan approvalFile: 6th & 7th podium plans.pdf | 24 Sep 2025 |
| Building plan approvalFile: E-Deck & 8th podium level plan.pdf | 24 Sep 2025 |
| Building plan approvalFile: 1st to 3rd floor plans with calculation.pdf | 24 Sep 2025 |
| Building plan approvalFile: Typical 4th to 6th & 7th part refuge floor plans.pdf | 24 Sep 2025 |
| Building plan approvalFile: Typical 8th to 13th & 14th part refuge floor plans.pdf | 24 Sep 2025 |
| Building plan approvalFile: 15th & terrace floor plans with calculations.pdf | 24 Sep 2025 |
| Building plan approvalFile: section.pdf | 24 Sep 2025 |
| Building plan approvalFile: Section II.pdf | 24 Sep 2025 |
| Building plan approvalFile: Section II.pdf | 24 Sep 2025 |
Promoter's earlier projects3
As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.
| Project | Location | Flats | Registered | Status | Promised | Delivered |
|---|---|---|---|---|---|---|
| VITALISP51900031447 | MAHIM | 184 | Oct 2021 | Ongoing | Dec 2026 | Not due yet |
| ETERNITY APARTMENT | FP 469 MMC CROSS ROAD MAHIM WEST MUMBAI 400016 | - | - | Completed | Aug 2011 | Aug 2011 |
| PARK SIDE | FP 888 DATTA RAUL ROAD DADAR WEST MUMBAI 400028 | - | - | Completed | Jul 2010 | Late, Feb 2011 |
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Buyer report
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- 1 condition on this project's record read and explained, with the clear checks alongside
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- All 21 filed documents as one ZIP, foldered, with a manifest
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Project watch
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Builder: ICONIC PROPERTY DEVELOPERS PVT LTD
ICONIC PROPERTY DEVELOPERS PVT LTD has 1 registration on MahaRERA, including Suraj One Business Bay. Its filings disclose 3 earlier MahaRERA projects: declares 1 of 2 past projects completed on time. Read the full track record. See more projects on the Mumbai City district page.
Frequently asked questions
What are my rights if Suraj One Business Bay is delayed beyond 31 Dec 2031?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, or exit and claim a full refund with interest. In Maharashtra the rate is SBI's highest MCLR plus 2 percent, currently 10.90% per annum (June 2026). The free delay interest calculator on ReraGenie puts a rupee figure on any delay. Claims are filed as MahaRERA complaints with a Rs 5,000 fee.
How do I verify and contact the developer of Suraj One Business Bay?
The registered promoter entity is ICONIC PROPERTY DEVELOPERS PVT LTD, a company as per the filing. Its CIN U70100MH2010PTC205955 and GSTIN 27AACCI5484M1Z1 can be cross-checked on the MCA and GST portals. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's MahaRERA listing (scan the QR code on any advertisement) and in its filed documents. The Rs 499 buyer report includes all of them as a single ZIP, foldered by type.
Is my payment protected in Suraj One Business Bay?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses; since July 2024 MahaRERA requires a three-account structure for collections. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
How current is the construction progress shown for Suraj One Business Bay?
Promoters must file a quarterly progress report within 20 days of each quarter end, certified by the architect (Form 1), engineer (Form 2) and chartered accountant (Form 3). The figures above come from the latest filing, so they can trail the site by up to a quarter. A promoter who stops filing QPRs altogether invites penalties under section 61, and a stale filing date is itself a warning sign worth checking on the portal.
Who certifies construction progress at Suraj One Business Bay?
The professionals named in the filing: Architect: Aaakar Architects & Consultants; Architect: Priyanka Rahate; Engineer: J W Consultant LLP; Engineer: Rohan Thanedar; Engineer: Malik shahzad; Chartered Accountant: Jigar Zaveri & Associates. Their Form 1 (architect), Form 2 (engineer) and Form 3 (chartered accountant) certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in Suraj One Business Bay?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area (the model agreement allows only a 3 percent variation, with a refund right below that); that the agreement follows MahaRERA's model clauses with deviations highlighted; the promoter's record on their other projects, not just this one; whether construction progress keeps pace with sales in the coming quarters. The Rs 499 buyer report works through all of them from the filings.
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