IPO Central

Suratwwala Business IPO description – Suratwwala Business Group is a real estate development company primarily focusing on residential and commercial projects in Pune. Its business activities comprises of development and sale of residential as well as commercial properties and the maintenance of the properties. Apart from the development and maintenance business, the company also focuses on providing the space on rent such as renting for mobile tower, hoardings and banners on building or renting of the unsold space for short durations.

The company has so far completed one commercial and one residential project, both of which are located in the Pune district. Its commercial project, named Suratwwala Mark Plazzo – Phase I, located in Hinjawadi, Pune is built on land area of 4525 sq. mts. and comprises of 9 floors having space for 95 offices, 5 Multipurpose showrooms which can be used as restaurant, shops or showrooms and one roof top restaurant. The company is now in process to develop Phase II of the commercial project.

Suratwwala Sweet 16 was the first real estate project undertaken by the company and it was completed in June 2010. The project includes 16 1BHK apartments which are available in size of saleable area of around 678 sq. ft to 712 sq. ft. The total land area of the project is 870 sq. mtrs.

Promoters of Suratwwala Business – Mr Jatin Dhansukhlal Suratwala and Mr Manoj Dhansukhlal Suratwala