Puravankara’s Mumbai redevelopment portfolio spans 4.25 million sq ft, with a combined gross development value of ₹10,500 crore
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VIBHU H
Real estate developer Puravankara Ltd has secured redevelopment rights for a residential society in Malabar Hill, Mumbai, through its wholly-owned subsidiary Purva Blue Agate Pvt Ltd. The redevelopment project is the company’s second major redevelopment in South Mumbai after the Miami Apartments at Breach Candy.
The 1.43-acre Malabar Hill project offers 0.7 million square feet of development potential, with an estimated revenue of ₹2,700 crore. The redevelopment will provide upgraded homes for existing residents, while creating additional inventory for market sale.
“This redevelopment project aligns with our strategy of expanding in key markets across Mumbai,” said Ashish Puravankara, Managing Director, Puravankara Ltd.
Currently, Puravankara’s Mumbai redevelopment portfolio spans 4.25 million square feet, with a combined gross development value (GDV) of ₹10,500 crore. “With this acquisition, our redevelopment portfolio in Mumbai demonstrates significant scale and revenue potential,” said Rajat Rastogi, CEO – West & Commercial Assets, Puravankara Ltd.
In July 2025, Puravankara was selected as the preferred developer for eight residential societies in Chembur, adding over 1.2 million square feet of development potential and an estimated GDV of ₹2,100 crore to its pipeline.
Published on September 1, 2025
