Puravankara secures Malabar Hill redevelopment project, with a GDV potential of ~ Rs 2,700 crores

Puravankara Limited has acquired redevelopment rights for a prime residential society in Malabar Hill, Mumbai's prestigious neighborhood. The 1.43-acre project offers a development potential of 0.7 million square feet, providing new, premium homes for existing residents and creating a substantial portion for sale. The estimated revenue potential of the project is Rs 2,700 crores, aiming to redefine luxury in the city. This acquisition follows Puravankara being selected as the preferred developer for the redevelopment of eight residential societies in Chembur with a development potential of over 1.2 million square feet and an estimated GDV of Rs 2,100 crores.