Tue Sep 02 04:09:50 UTC 2025: **News Article:**

**Puravankara Secures Prime Malabar Hill Redevelopment Project, Bolstering Mumbai Portfolio**

**Bengaluru, September 2, 2025:** Bengaluru-based real estate giant Puravankara Limited, through its subsidiary Purva Blue Agate, has secured the redevelopment rights for a prestigious residential society in Malabar Hill, Mumbai. The 1.43-acre project boasts an estimated revenue potential of ₹2,700 crore and a development potential of 0.7 million square feet.

This announcement closely follows Puravankara’s selection as the preferred developer for eight residential societies in Chembur, Mumbai, in July 2025. That Chembur project has a combined development potential of over 1.2 million square feet and an estimated gross development value (GDV) of ₹2,100 crore.

With the addition of the Malabar Hill project, Puravankara’s redevelopment portfolio in Mumbai now encompasses 4.25 million square feet, with a potential GDV of ₹10,500 crore.

“The addition of Malabar Hill further strengthens our Mumbai portfolio and underscores our growing role in the city’s redevelopment story,” stated Rajat Rastogi, CEO – West & Commercial Assets, Puravankara Limited. “This is our second major redevelopment in south Mumbai after Miami Apartments at Breach Candy.”

The redevelopment promises to deliver new, premium homes for existing residents while creating additional units for sale. This move further solidifies Puravankara’s position as a key player in Mumbai’s evolving real estate landscape.

**Summary of the text provided:**

Puravankara Limited has acquired the redevelopment rights for a residential society in Malabar Hill, Mumbai, with a revenue potential of ₹2,700 crore. This follows a similar project in Chembur. Puravankara’s Mumbai redevelopment portfolio now stands at 4.25 million square feet, valued at ₹10,500 crore. The company views this as a strategic move to strengthen its presence in Mumbai’s real estate market.

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