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Puravankara selected as preferred developer for Pali Hill redevelopment project

24 Apr 2024 Evaluate

Puravankara has been unanimously selected as the preferred developer for redeveloping a residential housing society in Pali Hill, Mumbai.  Pali Hill is a premium address in Bandra West, with property rates ranging from Rs 1 lakh to Rs 1.20 lakh per sq ft. The project has a cumulative estimated development potential of 4.10 lakh sq ft carpet area, with over around 2.15 lakh sq ft available for sale, and a potential Gross Development Value (GDV) of over Rs 2,000 crore. Strategically positioned, the residential society is spread slightly over two and a half acres and is one of the largest in the micro?market.  

At present, the company is in advanced stages of discussions for the redevelopment of three to four other prestigious housing societies in Mumbai. 

Puravankara is a leading real estate company in India, with a presence in Bengaluru, Kochi, Chennai, Coimbatore, Mangaluru, Hyderabad, Mysore, Mumbai and Pune.

Peers
Company Name CMP
Lodha Developers 1009.70
Prestige EstatesProj 1408.80
Dilip Buildcon 387.00
DLF 667.70
Oberoi Realty 1603.40
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