Puravankara Limited, a leading real estate developer in India, has announced a significant expansion of its Mumbai portfolio with the acquisition of redevelopment rights for a prime residential society in Malabar Hill, one of the city's most coveted neighborhoods.

Project Details

The newly acquired project, spanning 1.43 acres, offers a development potential of 0.7 million square feet. This redevelopment initiative aims to provide new, premium homes for existing residents while also creating a substantial portion for sale. With an estimated Gross Development Value (GDV) of approximately ₹2,700.00 crore, this exclusive residential enclave is set to redefine luxury living in South Mumbai.

Strategic Expansion

Ashish Puravankara, Managing Director of Puravankara Limited, expressed enthusiasm about the company's foray into Malabar Hill. He stated, "This redevelopment project reflects our commitment to creating world-class homes while contributing to the evolving urban fabric of India's financial capital. With its location, scale, and luxury positioning, this project is in perfect alignment with our strategy of expanding into key strategic markets across the city."

Growing Redevelopment Portfolio

The Malabar Hill project follows closely on the heels of Puravankara's selection as the preferred developer for the redevelopment of eight residential societies in Chembur, announced in July. The Chembur project boasts a development potential of over 1.2 million square feet and an estimated GDV of ₹2,100.00 crore.

Rajat Rastogi, CEO - West & Commercial Assets at Puravankara Limited, highlighted the company's growing role in Mumbai's redevelopment landscape. He noted, "With this acquisition, our redevelopment portfolio in Mumbai now stands at 4.25 million square feet, with a potential GDV of ₹10,500.00 crore."

Puravankara's Mumbai Presence

Over the past two years, Puravankara has built a strong redevelopment pipeline in Mumbai, with projects in prime locations such as Breach Candy, Pali Hill, and Lokhandwala. The addition of the Malabar Hill project further solidifies the company's position as a key player in the city's evolving redevelopment sector.

Company Overview

As Puravankara celebrates 50 years of operations, it continues to focus on shaping the future of urban living through sustainable, well-designed, and community-focused developments. The company has completed 92 projects totaling approximately 54 million square feet across nine cities in India. With a land bank of about 30 million square feet and ongoing projects adding up to 35.75 million square feet, Puravankara remains committed to delivering high-quality residential and commercial spaces across the country.

This latest acquisition in Malabar Hill not only enhances Puravankara's presence in Mumbai's luxury real estate market but also demonstrates the company's strategic approach to growth and its ability to secure prime redevelopment opportunities in some of India's most sought-after locations.

Puravankara , a leading real estate developer in India, celebrated its 50th anniversary with the release of a customized 'My Stamp' by the Department of Posts, Government of India. The commemorative stamp, unveiled on August 13, 2025, marks a significant milestone in the company's journey and honors its legacy of excellence in the real estate sector.

A Stamp Telling a Story

The Golden Jubilee 'My Stamp' encapsulates Puravankara's journey from its inception in Mumbai in 1975 to its current status as a pan-India developer. The stamp's design features the years 1975-2025 and showcases iconic buildings from both Mumbai and Bengaluru, symbolizing the cities that have played crucial roles in shaping the company's growth.

Official Unveiling

The stamp was officially unveiled by Mr. K. Prakash, Chief Postmaster General of Karnataka Postal Circle. Speaking at the event, Mr. Prakash emphasized the significance of stamps as powerful storytellers of history, achievements, and culture. He stated, "Through initiatives like 'My Stamp', we celebrate the contributions of companies towards shaping India's future."

Legacy and Future Vision

Ravi Puravankara, Founder & Chairman of Puravankara, reflected on the company's journey, saying, "This is a moment of pride and reflection for all of us at Puravankara. Our foundation has always been built on trust, transparency, and timely delivery."

Amanda Puravankara, Additional Director, added, "The 'My Stamp' is more than a commemorative token; it is a symbol of the values we have nurtured over five decades. We are embracing new technologies, green practices, and design excellence to meet the evolving aspirations of homebuyers."

Impressive Growth and Expansion

As of June 30, 2025, Puravankara has completed 92 projects spanning approximately 54 million square feet across nine cities in India. The company's presence extends to Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. With a total land bank of about 30 million square feet and ongoing projects totaling 35.75 million square feet, Puravankara continues to expand its footprint in the Indian real estate market.

Diversified Portfolio

Over the past five decades, Puravankara has established three distinct residential brands:

1. Puravankara
2. Provident Housing Limited (PHL)
3. Purva Land

These brands cater to various segments of the housing market, including plotted developments. The company has also ventured into Grade-A commercial real estate, with a presence of approximately 3 million square feet.

Technology and Innovation

Starworth Infrastructure and Construction Limited (SICL), a wholly-owned subsidiary of Puravankara, focuses on technology-enabled construction solutions, demonstrating the company's commitment to innovation in the construction sector.

As Puravankara celebrates its golden jubilee, the commemorative stamp serves as a testament to its enduring legacy and its vision for the future of real estate development in India.