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.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..