Puravankara bags Malabar Hill realty project in Mumbai with potential of ₹2,700 crore

Bangaluru -based Realty company Puravankara Limited, through the fully owned subsidiary Purva Blue Agate Mumbai, Malabar Hill’daki main housing society has acquired redevelopment rights.

Estimated 1.43 acres with 2,700 Crore revenue potential, providing new, premium houses for existing residents, creating an important section for sales by providing a 0.7 million feet -square development potential.

This announcement approaches Puravankara’s chosen heels for the redevelopment of eight housing society in Chembur (July 2025), with a 2,100 CRORE GDV of more than 1.2 million square meters.

According to Puravankara, the redevelopment portfolio in Mumbai with the new purchase is now a 4.25 million feet square and a potential GDV 10,500 Crore.

CEO – West & Commercial Assets, Puravankara Limited, “Adding Malabar Hill strengthens our Mumbai portfolio and underlines our growing role in the redevelopment story of the city. This is the second largest redevelopment in South Mumbai after the Miami apartments in Breach Candy.