Puravankara Limited has secured redevelopment rights for three residential societies located in Bangur Nagar, Goregaon West, Mumbai. This marks the company's eighth redevelopment project in Mumbai.

Project Details

  • Location: Bangur Nagar, Goregaon West, Mumbai (western suburbs)
  • Land Area: 4.68 acres
  • Developable Potential: Approximately 1.05 million square feet
  • Gross Development Value (GDV): ₹2,600 crore

Strategic Context

According to management commentary from Ashish Puravankara, Managing Director, redevelopment is "an important pillar of our Mumbai growth strategy" that allows the company to participate in established and sought-after neighborhoods. The company sees "significant opportunity to build a scaled and sustainable redevelopment platform in the city."

Rajat Rastogi, CEO-West & Commercial Assets, noted that Mumbai's redevelopment opportunity is about "reimagining some of the city's most established neighbourhoods." The company's approach is anchored in "thoughtful design, quality, transparency and a strong focus on the people and communities we build for."

Portfolio Impact

With this addition, Puravankara's Mumbai redevelopment portfolio alone represents a potential GDV of approximately ₹17,500 crore. The company has steadily expanded its Mumbai redevelopment portfolio over the past three years across locations including Breach Candy, Pali Hill, Lokhandwala, Chembur, Malabar Hill, and Cuffe Parade.

Market Context

Goregaon West is described as a well-established residential market with strong connectivity to key business districts and social infrastructure. The location expands Puravankara's footprint in one of Mumbai's important residential corridors.

Regulatory Disclosure

This information was disclosed pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Sudip Chatterjee, Company Secretary & Compliance Officer (ICSI Membership No.: F11373).

Company Background

As of June 30, 2026, Puravankara has completed 97 projects totaling approximately 59 million square feet across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. The company's total land bank is approximately 40 million square feet, with ongoing projects totaling 35.14 million square feet.