Archive · 1 Sep 2025
Puravankara Secures ₹2,700-Crore Redevelopment Project in Mumbai
Puravankara, a real estate company, is planning to build new homes in a Mumbai neighborhood called Malabar Hill.
They got the go-ahead to redevelop a residential area, meaning they will build new homes for the current residents and sell some to others.
The project covers about 1.43 acres and can have homes totaling 0.7 million square feet.
The company is estimating that the project is worth ₹2,700 crore.
This follows a previous deal from July 2025.
The company's boss says they are excited about this project.
They plan to expand their redevelopment portfolio and will provide upgraded homes for existing residents while creating additional inventory for market sale.
Puravankara Ltd secured redevelopment rights in Malabar Hill, Mumbai.
The project covers 1.43 acres and offers 0.7 million square feet of development potential.
Estimated revenue for the project is ₹2,700 crore.
The redevelopment will provide upgraded homes for residents and create new market inventory.
Puravankara was selected for eight residential societies in Chembur in July 2025.
- Who
- Puravankara Ltd
- What
- secured redevelopment rights for a residential society
- When
- September 1, 2025
- Where
- Malabar Hill, Mumbai
- Why
- To expand in key markets across Mumbai.
- Company
- Puravankara Ltd
- Project Location
- Malabar Hill, Mumbai
- Project Area
- 1.43 acres
- Development Potential
- 0.7 million square feet
- Estimated Revenue
- ₹2,700 crore
- Mumbai Redevelopment Portfolio
- 4.25 million square feet
- Mumbai Redevelopment GDV
- ₹10,500 crore
- Recent Development
- Selected as preferred developer for eight residential societies in Chembur in July 2025
