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.
Related News Articles
ED Raids 9 Locations in Delhi, Noida, and Goa in Money Laundering Case
The Enforcement Directorate (ED) has conducted raids at nine locations in Delhi, Noida, and Goa as part of a money laundering investigation. The case involves allegations of fraud in the 'Grand Venezia Commercial Complex' real estate project.
Maharashtra's Budget 2025: A Closer Look at the Ladki Bahin Scheme
In the recent Maharashtra Budget 2025, concerns have been raised about the allocation for the Ladki Bahin scheme. This article delves into the details and clarifies the funding situation.
The Rise of Millennial Homebuyers: Redefining the Housing Market
Online property search portal NoBroker reports a 23% increase in millennial homebuyers on its platform, driving changes in the housing market.
Gurugram Tops Luxury Housing Sales in NCR with 10,365 Units Sold in H1 2024
Gurugram has emerged as the leader in luxury housing sales in the National Capital Region (NCR) with over 10,365 units sold in the first half of 2024, according to a report by ANAROCK. The city has seen a significant surge in demand for luxury homes, with
Unfold the Future: Samsung's Latest Foldable Smartphones, Galaxy Z Fold 6 and Galaxy Z Flip 6, Now Available in India
Get ready to experience the next generation of foldable smartphones with Samsung's Galaxy Z Fold 6 and Galaxy Z Flip 6, now available for pre-order in India.
Adani-Maharashtra SPV to Sell 10-12.5 Million Sq Ft Annually in Mumbai Real Estate Market
The Adani Group's Special Purpose Vehicle (SPV) in Maharashtra is set to sell between 10 to 12.5 million square feet of property annually, a move that experts believe will not disrupt the high-demand Mumbai real estate market.