Puravankara to redevelop eight Mumbai societies

Puravankara Limited will redevelop eight residential societies in Mumbai, with an estimated gross development value (GDV) of INR 2,100 crore. The redevelopment project will unlock a total development potential of over 1.2 million square feet spread across approximately four acres in Chembur. This announcement follows Puravankara's previous acquisitions of redevelopment rights in Mumbai. This new project will strengthen Puravankara's position as a key player in the redevelopment space and supports the company's plans to increase its footprint in the western region, which is expected to contribute a GDV of approximately INR 18,000 crore.