Puravankara has secured the residential redevelopment rights for two housing societies in the western suburbs of Mumbai. This acquisition is a significant milestone in Puravankara’s expansion journey and marks its entry into the redevelopment space in the western region.
Situated in the heart of Lokhandwala in Andheri West, the project is spread over 3 acres. It has a cumulative estimated development potential of 5.8 lakh square feet carpet area, with approximately 3.65 lakh square feet available for sale and a potential gross development value (GDV) of Rs 1,500 crore over the project’s lifecycle.
Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.
Company Name | CMP |
---|---|
Dilip Buildcon | 469.95 |
Macrotech Developers | 1240.50 |
NBCC (India) | 139.65 |
Prestige EstatesProj | 1379.45 |
DLF | 892.00 |
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