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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Infrastructure Transport

05 Sep 2025

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Infrastructure Transport

05 Sep 2025

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..