Puravankara Redevelopment Debut Sees Rs 8 Billion Sales

27 Mar 2026 CW Team

Puravankara has recorded sales exceeding Rs 8 billion at the launch of its first redevelopment project in Mumbai, Purva Estrella at Lokhandwala Circle, Andheri West.

Phase 1 of the project saw around 85 per cent of its initial inventory absorbed, indicating strong demand in the redevelopment segment. The response reflects growing preference for design-led and wellness-focused housing, with emphasis on execution certainty and long-term value.

The project offers 2, 3 and 4 BHK residences, with ticket sizes ranging from Rs 30 million to Rs 70 million, aligned with premium redevelopment benchmarks in the city.

Puravankara has expanded its development pipeline with over 12.7 million sq ft of potential developable area during 9MFY26, with an estimated gross development value of Rs 139 billion across key markets including Bengaluru and Mumbai.

The company plans further launches in Mumbai, including projects in Thane, Malabar Hill, Breach Candy, Pali Hill and Chembur, with approvals secured for select locations.

The strong launch performance highlights Puravankara’s entry into Mumbai’s redevelopment market, supported by its focus on execution, transparency and established track record.

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