Puravankara Enters Malabar Hill with Rs 27 Billion Project

02 Sep 2025 CW Team

The project has a development potential of 0.7 million square feet, aimed at delivering new luxury homes for existing residents while also creating a significant inventory for sale. With an estimated gross development value (GDV) of Rs 27 billion, the high-end project is expected to set new benchmarks for upscale living in the city.

Ashish Puravankara, Managing Director of Puravankara Limited, stated:

"We are delighted to mark our foray into Malabar Hill, one of Mumbai’s most iconic addresses. This redevelopment project underlines our commitment to building world-class residences while contributing meaningfully to the city’s urban evolution. With its scale, location, and luxury orientation, it aligns with our strategic expansion across Mumbai."

The announcement follows closely after Puravankara was selected in July 2025 as the preferred developer for eight residential society redevelopments in Chembur, with a development potential of over 1.2 million sq. ft. and an estimated GDV of Rs 21 billion.

Rajat Rastogi, CEO – West & Commercial Assets at Puravankara, added:

"The addition of Malabar Hill significantly strengthens our presence in Mumbai and is our second major South Mumbai redevelopment after the Miami Apartments at Breach Candy. With this, our total redevelopment portfolio in the city now stands at 4.25 million sq. ft., with a combined GDV of Rs 105 billion. Our focus remains on design excellence, transparency, and timely delivery, making us a trusted partner for housing societies."

Over the past two years, Puravankara has expanded its redevelopment footprint in prime locations such as Breach Candy, Pali Hill, and Lokhandwala. The Malabar Hill acquisition further cements its position as a leading force in Mumbai’s transformation through community-led urban renewal, as the company celebrates 50 years of building sustainable and design-led urban communities.

Puravankara Limited, one of India’s most respected real estate developers, has announced the acquisition of redevelopment rights for a prime 1.43-acre residential society in Malabar Hill, Mumbai, through its wholly owned subsidiary, Purva Blue Agate Pvt Ltd. This marks the company's latest move into one of South Mumbai’s most prestigious neighbourhoods.The project has a development potential of 0.7 million square feet, aimed at delivering new luxury homes for existing residents while also creating a significant inventory for sale. With an estimated gross development value (GDV) of Rs 27 billion, the high-end project is expected to set new benchmarks for upscale living in the city.Ashish Puravankara, Managing Director of Puravankara Limited, stated:We are delighted to mark our foray into Malabar Hill, one of Mumbai’s most iconic addresses. This redevelopment project underlines our commitment to building world-class residences while contributing meaningfully to the city’s urban evolution. With its scale, location, and luxury orientation, it aligns with our strategic expansion across Mumbai.The announcement follows closely after Puravankara was selected in July 2025 as the preferred developer for eight residential society redevelopments in Chembur, with a development potential of over 1.2 million sq. ft. and an estimated GDV of Rs 21 billion.Rajat Rastogi, CEO – West & Commercial Assets at Puravankara, added:The addition of Malabar Hill significantly strengthens our presence in Mumbai and is our second major South Mumbai redevelopment after the Miami Apartments at Breach Candy. With this, our total redevelopment portfolio in the city now stands at 4.25 million sq. ft., with a combined GDV of Rs 105 billion. Our focus remains on design excellence, transparency, and timely delivery, making us a trusted partner for housing societies.Over the past two years, Puravankara has expanded its redevelopment footprint in prime locations such as Breach Candy, Pali Hill, and Lokhandwala. The Malabar Hill acquisition further cements its position as a leading force in Mumbai’s transformation through community-led urban renewal, as the company celebrates 50 years of building sustainable and design-led urban communities.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..