Business Update23 Apr 2024, 11:51 pm
Puravankara Ltd Appointed Preferred Developer for Pali Hill Project with GDV Over Rs 2,000 Crore
AI Summary
Puravankara Limited has been selected as the preferred developer for a residential housing society redevelopment project in Pali Hill, Mumbai. The project's potential Gross Development Value is over Rs 2,000 crore, with approximately 2.15 lakh sq ft available for sale. The company is in advanced talks for redeveloping three to four more prestigious housing societies in Mumbai.
Key Highlights
- Puravankara Limited is the preferred developer for a Pali Hill redevelopment project in Mumbai
- The project has a potential GDV of over Rs 2,000 crore and 2.15 lakh sq ft available for sale
- The company is in advanced stages of discussions for the redevelopment of 3-4 other housing societies in Mumbai