Puravankara Limited has been selected to redevelop eight residential societies in Chembur, Mumbai, unlocking over 1.2 million sq ft of development potential across four acres. The project carries an estimated gross development value (GDV) of Rs 2,100 crore.
This strategic win adds to Puravankara’s growing redevelopment portfolio in Western India, following marquee acquisitions in Breach Candy, Pali Hill, and Lokhandwala. The company now has 11 projects across Mumbai and Pune, spanning 14 million sq ft, including 3.6 million sq ft in redevelopment. The western region is expected to contribute Rs 18,000 crore in GDV, with Rs 7,700 crore from redevelopment alone.
Managing Director Ashish Puravankara called the Chembur win a validation of the brand’s trust and design-led approach, while CEO-West Rajat Rastogi highlighted the strong response to Purva Clermont and reaffirmed the company’s commitment to innovation and community-focused development.
As Puravankara celebrates its Golden Jubilee year, the Chembur redevelopment marks a pivotal moment in its mission to reshape urban living through sustainable and high-quality real estate.
