Puravankara Makes a Splash in South Mumbai's Luxury Real Estate Market
Bengaluru-based real estate developer Puravankara secures redevelopment rights of Miami Apartments at Breach Candy, marking its entry into South Mumbai's ultra-luxury market.
PuravankaraSouth MumbaiLuxury Real EstateRedevelopmentBengaluruReal Estate NewsSep 12, 2024
The company has also announced that it would be redeveloping four more societies in the Andheri area of Mumbai and has signed a joint Development agreement (JDA) for a 1.95-acre land parcel at a prime location in Electronics City in Bengaluru. This land parcel, adjacent to the Purva Westend project, will have a saleable area of 260,000 sq ft.
Frequently Asked Questions
What is the location of the Miami Apartments redevelopment project?
The Miami Apartments redevelopment project is located at Breach Candy in South Mumbai.
What is the estimated rate per sq ft in the South Mumbai market?
The estimated rate per sq ft in the South Mumbai market is between ₹1,25,000 and ₹1,40,000.
How many societies has Puravankara redeveloped in the Andheri area of Mumbai?
Puravankara has redeveloped four societies in the Andheri area of Mumbai.
What is the saleable area of the land parcel in Electronics City, Bengaluru?
The saleable area of the land parcel in Electronics City, Bengaluru is 260,000 sq ft.
What is the current market rate per sq ft in the Electronics City micro-market?
The current market rate per sq ft in the Electronics City micro-market is between ₹12,000 and ₹14,000.
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