Puravankara Enters South Mumbai's Luxury Market with Redevelopment Project in Breach Candy
Puravankara acquires redevelopment rights of Miami Apartments in Breach Candy, marking its entry into South Mumbai's luxury market. The company also expands its footprint in Andheri West and signs a Joint Development Agreement in Bengaluru's Electronics C
Puravankara LimitedSouth MumbaiLuxury Real EstateRedevelopment ProjectsMumbai Real EstateReal Estate MumbaiSep 12, 2024
Puravankara has also expanded its footprint in Lokhandwala, Andheri West, where it previously acquired redevelopment rights for two societies on 3 acres of land in November 2023. The company has now been chosen as the preferred developer for an additional 1.3 acres, forming a 4.3-acre project. Market sources estimate property rates in the area to range between Rs 40,000 and 45,000 per square foot.
Frequently Asked Questions
What is the location of Puravankara's new redevelopment project in South Mumbai?
The project is located at Breach Candy, South Mumbai.
What is the estimated property rate in the area where Puravankara's new project is located?
The estimated property rate in the area is between Rs 1,25,000 and Rs 1,40,000 per square foot.
What is the size of the land parcel that Puravankara has acquired in Bengaluru's Electronics City micro-market?
The land parcel is approximately 1.95 acres in size.
What is the saleable area of the land parcel in Bengaluru's Electronics City micro-market?
The saleable area is approximately 260,000 square feet.
What is the current market rate in Bengaluru's Electronics City micro-market?
The current market rate in the area is between Rs 12,000 and Rs 14,000 per square foot.
Related News Articles
Japanese Nintendo Enthusiasts Get a Sneak Peek at the Switch 2 Amid Tariff Concerns
Japanese fans of Nintendo gathered for an exclusive event to test the upcoming Switch 2, raising hopes and concerns about the impact of tariffs on the gaming industry.
Mumbai Real Estate Giant Macrotech Developers Sees 20% Surge in Q1 Sales
Strong housing demand drives Macrotech Developers' Q1 sales up 20% to Rs 4,030 crore, with a focus on Mumbai Metropolitan Region and Pune
TREVOC Wins Emerging Real Estate Brand Award at Prestigious Big Impact 2024 Awards
Gurugram-based real estate developer TREVOC bags award for its commitment to luxury and sustainability at Big FM's Big Impact 2024 Awards
Find Serenity: Top Yoga Retreats in Asia for Holistic Wellness
Escape to Asia's premier yoga resorts, from India's rustic retreats to Sri Lanka's coastal oases, for a journey of self-discovery and rejuvenation.
China's Stimulus and Its Impact on FIIs' Confidence in India's Long-Term Potential
China’s recent stimulus package has led to a shift in foreign investor sentiment, with funds moving from Indian to Chinese equities. Despite this, India remains a strong long-term investment destination.
Real Estate Developer Arrested for Multi-Crore Fraud in Mumbai's SRA Scam
Jitendra Brahmbhatt, owner of M/s Sahajanand Enterprises real estate company, has been booked for allegedly cheating 69 individuals out of over ₹13.05 crores in an SRA scam.