Puravankara Enters South Mumbai’s Luxury Market with Breach Candy Deal

17 Sep 2024 CW Team

The company indicated that the South Mumbai housing society, which spans 2,000 sq m of land, marks its entry into the ultra-luxury market of South Mumbai, where rates are estimated to be between Rs 1,25,000 and Rs 1,40,000 per sq ft.

Ashish Puravankara, MD of Puravankara, mentioned that the entry into South Mumbai with the redevelopment of Miami Apartments at Breach Candy was a significant milestone for the company. He stated that the project demonstrates their commitment to delivering unparalleled luxury and aligns with their vision of creating iconic living spaces in coveted locations. He expressed excitement about bringing their expertise to South Mumbai and redefining luxury living standards in the prestigious neighbourhood while also strengthening their presence in other markets.

Puravankara also expanded its footprint in the Lokhandwala area of Andheri, Mumbai, where it had acquired redevelopment rights for two societies with land measuring approximately three acres in November 2023.

Rajat Rastogi, CEO - West and Commercial Assets at Puravankara, noted that the addition of new redevelopment projects in Breach Candy and Andheri West further strengthened their portfolio in Mumbai and highlighted their growing role in the city’s real estate transformation. He emphasized the company's commitment to design excellence, transparency, and adherence to timelines, which underscores Puravankara’s position as a trusted partner for society redevelopment projects. Rastogi also mentioned that the company would continue to focus on acquiring marquee assets in the MMR and Pune regions.

Bengaluru-based listed real estate developer Puravankara announced that it had secured redevelopment rights for a housing society named Miami Apartments in Breach Candy, South Mumbai. The company also revealed plans to redevelop four additional societies in the Andheri area of Mumbai and had signed a Joint Development Agreement (JDA) for a 1.95-acre land parcel in a prime location in Electronics City, Bengaluru. This land parcel, adjacent to the Purva Westend project, was expected to have a saleable area of 260,000 sq ft, according to the company's statement. The company indicated that the South Mumbai housing society, which spans 2,000 sq m of land, marks its entry into the ultra-luxury market of South Mumbai, where rates are estimated to be between Rs 1,25,000 and Rs 1,40,000 per sq ft. Ashish Puravankara, MD of Puravankara, mentioned that the entry into South Mumbai with the redevelopment of Miami Apartments at Breach Candy was a significant milestone for the company. He stated that the project demonstrates their commitment to delivering unparalleled luxury and aligns with their vision of creating iconic living spaces in coveted locations. He expressed excitement about bringing their expertise to South Mumbai and redefining luxury living standards in the prestigious neighbourhood while also strengthening their presence in other markets. Puravankara also expanded its footprint in the Lokhandwala area of Andheri, Mumbai, where it had acquired redevelopment rights for two societies with land measuring approximately three acres in November 2023. Rajat Rastogi, CEO - West and Commercial Assets at Puravankara, noted that the addition of new redevelopment projects in Breach Candy and Andheri West further strengthened their portfolio in Mumbai and highlighted their growing role in the city’s real estate transformation. He emphasized the company's commitment to design excellence, transparency, and adherence to timelines, which underscores Puravankara’s position as a trusted partner for society redevelopment projects. Rastogi also mentioned that the company would continue to focus on acquiring marquee assets in the MMR and Pune regions.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..