Puravankara Secures ₹2,700-Cr Redevelopment Project in Mumbai’s Malabar Hill

Real estate developer Puravankara has acquired redevelopment rights for a housing society in Mumbai’s prime Malabar Hill, unlocking 7 lakh sq. ft. of development potential with a gross development value (GDV) of ₹2,700 crore.

Positioned as one of the largest redevelopment projects in South Mumbai, it aligns with Puravankara’s strategy to expand in key luxury markets. With this addition, the developer’s Mumbai portfolio has grown to 4.25 million sq. ft., carrying a potential GDV of ₹10,500 crore.