Deals7 Jul 2025, 09:07 am
Puravankara to redevelop 8 societies in Mumbai, with a GDV potential of Rs 2,100 crore
AI Summary
Puravankara Limited, a trusted real estate developer, has been selected as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai. This move unlocks total development potential of over 1.2 million square feet, spread over approximately 4 acres, with an estimated gross development value (GDV) of Rs 2,100 crore. This announcement follows Puravankara’s previous acquisitions of development rights for prestigious redevelopment projects in Mumbai’s Breach Candy, Pali Hill, and Lokhandwala. These strategic wins reflect Puravankara’s growing footprint in the redevelopment segment in the west region, underscoring its commitment to revitalising urban spaces with quality and integrity.
Key Highlights
- Puravankara Limited has been selected as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai.
- The redevelopment project unlocks total development potential of over 1.2 million square feet, spread over approximately 4 acres.
- The estimated gross development value (GDV) of the project is Rs 2,100 crore.
- This announcement follows Puravankara’s previous acquisitions of development rights for prestigious redevelopment projects in Mumbai’s Breach Candy, Pali Hill, and Lokhandwala.
- These strategic wins reflect Puravankara’s growing footprint in the redevelopment segment in the west region.