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Puravankara’s subsidiary has won the Malabar Hill redevelopment project worth ₹2,700 crore, covering 1.43 acres with 7 lakh sq ft potential. The project expands its Mumbai portfolio to 4.25 million sq ft with ₹10,500 crore GDV. | Source: Puravankara Press Release (NSE Exchange Fillings) | Published on Sept 02, 2025
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According to the press release by Puravankara (NSE Exchange Fillings) their subsidiary has acquired the rights to redevelop a housing society in Malabar Hill, South Mumbai, worth a gross development value (GDV) potential of ₹2,700 crore. The development is a 1.43-acre land with a potential of 7 lakh sq ft of development that includes the premium residences for the existing members and the saleable portion. For you as an investor, this is a significant addition to Puravankara's redevelopment portfolio in Mumbai.
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Puravankara arm secured ₹2,700 crore Malabar Hill project.
Land parcel spans 1.43 acres with 7 lakh sq ft potential.
Redevelopment portfolio in Mumbai now totals 4.25 million sq ft.
Total GDV potential stands at ₹10,500 crore.
Earlier projects include Breach Candy, Pali Hill, and Lokhandwala.
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With the completion of the Malabar Hill project, Puravankara’s redevelopment portfolio across Mumbai increases to 4.25 million sq ft, with a gross development value of around ₹10,500 crore. The company has additional rights in Breach Candy, Pali Hill, Lokhandwala and Chembur - where 8 residential societies will be redeveloped. The Chembur development is at 1.2 million sq ft with a gross development value of ₹2,100 crore.
Location | Area (sq ft) | GDV (₹ crore) | Status |
Malabar Hill | 7,00,000 | 2,700 | Secured |
Chembur | 12,00,000 | 2,100 | Ongoing |
Breach Candy | NA | NA | Secured |
Pali Hill | NA | NA | Secured |
Lokhandwala | NA | NA | Secured |
It is clear that Mumbai continues to lure developers from around the country, with a land supply problem and highly priced land availability. When and where to find redevelopment opportunities still form a significant part of growth strategies, particularly in high-value precincts like South Mumbai. As a follower of real estate stocks, this update allows you to gauge how developers respond to the land market in the country's most expensive property market.
Puravankara share price closed at ₹292.10 on the BSE, up 0.86% on September 1, 2025, at 15:30 PM IST. In relation to this update, the movement of the Puravankara share price reflects investor temperature on the company expanding its business presence in Mumbai’s redevelopment segment.
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