NEW DELHI: Puravankara, through its wholly owned subsidiary Purva Blue Agate, has secured redevelopment rights for a residential society located in Malabar Hill, Mumbai.
This 1.43-acre project has the potential for 0.7 million sq ft of development, which will provide new homes for current residents as well as create a significant number of units for sale.
“With this acquisition, our redevelopment portfolio in Mumbai now amounts to 4.25 million sq ft, with a potential Gross Development Value (GDV) of ₹10,500 crore,” stated Rajat Rastogi, CEO – West & Commercial Assets at Puravankara.
The projected revenue for this project is estimated at ₹2,700 crore.
In July 2025, the company was chosen as the preferred developer for the redevelopment of eight residential societies in Chembur, which together have a development potential exceeding 1.2 million sq ft and an estimated GDV of ₹2,100 crore.
