Puravankara Expands Mumbai Footprint with New ₹2,700-crore Project.

Real estate developer Puravankara Ltd has secured a significant redevelopment project at a residential society in Malabar Hill, a move that expands its footprint in South Mumbai's high-value real estate market. The project was won through its wholly-owned subsidiary, Purva Blue Agate Pvt Ltd.

The new project is Puravankara’s second major redevelopment venture in South Mumbai, following its success with the Miami Apartments at Breach Candy. The 1.43-acre Malabar Hill project has an estimated development potential of 0.7 million square feet and a projected revenue of ₹2,700 crore.

The redevelopment plan will provide upgraded, modern homes for the existing residents while also 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 of Puravankara Ltd.