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Puravankara to redevelop 8 Mumbai societies with ₹2,100 cr GDV potential
The announcement comes after Puravankara's earlier acquisitions of development rights for marquee redevelopment projects in Mumbai's Breach Candy, Pali Hill, and Lokhandwala. These strategic moves underscore the company's expanding footprint in the redevelopment space across the western region.
Ashish Puravankara, Managing Director, Puravankara Limited, said: 'Securing marquee redevelopment projects in highly sought-after Mumbai neighbourhoods such as Breach Candy, Pali Hill, Lokhandwala, and now Chembur is a strong validation of the trust discerning societies and residents place in the Puravankara brand. What distinguishes us is not just our vision, but also our design-led approach and unwavering focus on quality.'
Puravankara further stated that it now has 11 projects across Mumbai and Pune, spanning approximately 14 million square feet—including 3.6 million square feet under redevelopment. The company reaffirmed its commitment to strengthening its presence in the western region, which is expected to contribute a gross development value of around ₹18,000 crore, with approximately ₹7,700 crore coming from redevelopment projects alone.
Over the past five decades, Puravankara has built three distinct residential brands—Purva, Provident Housing Limited (PHL), and Purva Land—catering to the full spectrum of housing and plotted development needs.
As of March, Puravankara has delivered over 90 projects totalling ~53 million square feet across nine cities such as Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company holds a land bank of approximately ~25 million square feet, with ongoing projects covering around ~37 million square feet.
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