Curation Team
NEW DELHI: Puravankara, through its wholly owned subsidiary, Purva Blue Agate, has acquired redevelopment rights for a residential society in Malabar Hill, Mumbai.
This 1.43-acre project offers a development potential of 0.7 million sq ft, providing new homes for existing residents while also creating a substantial portion for sale.
“With this acquisition, our redevelopment portfolio in Mumbai now stands at 4.25 million sq ft, with a potential GDV of ₹10,500 crore,” said Rajat Rastogi, CEO – West & Commercial Assets of the company.
The project has an estimated revenue potential of ₹2,700 crore.
In July 2025, the company was selected as the preferred developer for the redevelopment of eight residential societies in Chembur, with a development potential of over 1.2 million sq ft and an estimated gross development value (GDV) of ₹2,100 crore.
