Puravankara Secures Major Redevelopment Project in Mumbai's Malabar Hill, Aims for Rs 2,700 Crore Revenue
Puravankara Ltd, a prominent real estate developer, has won a significant contract to redevelop a housing society in Mumbai's prestigious Malabar Hill area. The project, expected to generate around Rs 2,700 crore in revenue, will offer new, premium homes to existing residents and create a substantial portion for sale.
RedevelopmentReal EstatePuravankaraMalabar HillLuxury HomesReal Estate NewsSep 02, 2025
This prestigious project holds a development potential of 7 lakh square feet, offering new and premium homes to existing residents while also creating a substantial portion for sale. The redevelopment will not only enhance the living standards of the current residents but also introduce luxurious living options in one of Mumbai's most sought-after areas.
Puravankara Ltd is known for its commitment to delivering high-quality residential and commercial projects. With a strong presence in major cities across India, the company has built a reputation for excellence and innovation in the real estate sector. The Malabar Hill project is a testament to Puravankara's ability to undertake and execute large-scale redevelopment projects in prime locations.
The estimated revenue potential from the Malabar Hill project is Rs 2,700 crore, which is a significant milestone for Puravankara Ltd. The project is expected to contribute to the company's growth and巩固其在印度房地产市场的领导地位。This redevelopment will also set a new benchmark for luxury living in Mumbai, attracting both local and international buyers.
Puravankara Ltd's success in securing this project is a result of its strong track record and expertise in urban redevelopment. The company's focus on sustainable and innovative design ensures that the new homes will be not only luxurious but also environmentally friendly. The project is expected to be completed within a few years, transforming the neighborhood into a modern and vibrant community.
In addition to the financial benefits, the project will have a positive impact on the local economy by creating jobs and boosting the real estate market in the area. Puravankara Ltd is committed to delivering a project that meets the highest standards of quality and sustainability, ensuring a bright future for the residents of Malabar Hill.
Frequently Asked Questions
What is the total area of the redevelopment project in Malabar Hill?
The redevelopment project in Malabar Hill spans 1.43 acres.
What is the expected revenue from the Malabar Hill project?
The expected revenue from the Malabar Hill project is Rs 2,700 crore.
Who is the subsidiary of Puravankara Ltd that received the Letter of Award for the project?
Purva Blue Agate Private Limited is the subsidiary of Puravankara Ltd that received the Letter of Award for the project.
What is the development potential of the project in square feet?
The development potential of the project is 7 lakh square feet.
What is the main focus of Puravankara Ltd in the redevelopment project?
The main focus of Puravankara Ltd in the redevelopment project is to deliver high-quality, sustainable, and innovative homes that meet the highest standards of luxury and environmental friendliness.
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