Puravankara Secures ₹2600 Cr Redevelopment Project in Mumbai

Puravankara Limited has secured redevelopment rights for three residential societies in Goregaon West, Mumbai, spanning 4.68 acres. The project has a developable potential of 1.05 million sq. ft. and an estimated Gross Development Value (GDV) of ₹2,600 crore. This marks Puravankara's eighth redevelopment project in Mumbai, reinforcing its strategy in the city's redevelopment market. The company sees significant opportunity in scaling its redevelopment platform in Mumbai, aiming for long-term value creation through disciplined capital allocation and strong execution. This project adds to Puravankara's existing redevelopment portfolio in Mumbai, which now represents a potential GDV of approximately ₹17,500 crore.