Puravankara to Transform 8 Mumbai Societies with ₹2100 Cr GDV Potential
Bengaluru-based real estate giant Puravankara is set to redevelop eight residential societies in Chembur, Mumbai, unlocking a total development potential of 1.2 million square feet with an estimated GDV of ₹2,100 crore.
PuravankaraMumbaiReal EstateRedevelopmentGdvReal Estate MumbaiJul 07, 2025
The company claims that this project marks a significant milestone for it, unlocking a total development potential of over 1.2 million square feet (msf) across approximately 4 acres, with an estimated gross development value (GDV) of ₹2,100 crore.
This announcement follows Puravankara’s earlier acquisitions of development rights for redevelopment projects in Mumbai’s Breach Candy, Pali Hill, and Lokhandwala.
“Securing marquee redevelopment projects in highly sought-after Mumbai neighbourhoods such as Breach Candy, Pali Hill, Lokhandwala, and now Chembur is a strong validation of the trust, discerning societies and residents place in the Puravankara brand,” said Ashish Puravankara, managing director, Puravankara Limited.
Puravankara now has 11 projects across Mumbai and Pune, spanning approximately 14 msf—including 3.6 msf under redevelopment. The company reaffirmed its commitment to strengthening its presence in the western region, which is expected to contribute a gross development value (GDV) of around ₹18,000 crore, with approximately ₹7,700 crore coming from redevelopment projects alone.
Over the past five decades, Puravankara has built three distinct residential brands: Purva, Provident Housing Limited (PHL), and Purva Land. As of March, Puravankara has delivered over 90 projects totaling around 53 msf across nine cities such as Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company holds a land bank of approximately 25 msf, with ongoing projects covering around 37 msf.
Frequently Asked Questions
What is the estimated GDV of the Chembur redevelopment project by Puravankara?
The estimated gross development value (GDV) of the Chembur redevelopment project by Puravankara is ₹2,100 crore.
How many residential societies in Chembur is Puravankara set to redevelop?
Puravankara is set to redevelop eight residential societies in Chembur, Mumbai.
What is the total development potential of the Chembur project?
The total development potential of the Chembur project is over 1.2 million square feet (msf) across approximately 4 acres.
Which other areas in Mumbai has Puravankara acquired development rights for?
Puravankara has acquired development rights for redevelopment projects in Mumbai’s Breach Candy, Pali Hill, and Lokhandwala.
How many projects does Puravankara currently have in Mumbai and Pune?
Puravankara currently has 11 projects across Mumbai and Pune, spanning approximately 14 msf, including 3.6 msf under redevelopment.
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