Pranav Constructions was originally incorporated as ‘Pranav Constructions Private Limited’, a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated July 31, 2003, issued by the Registrar of Companies, Maharashtra at Mumbai. The name of the company was subsequently changed to ‘Pranav Constructions Limited’, upon conversion of the company from a private limited to a public limited company, pursuant to a Board resolution dated June 1, 2024, and a Shareholders resolution dated June 5, 2024, and a fresh certificate of incorporation was issued on July 29, 2024, by the Registrar of Companies, Central Processing Centre.

The company is a leading real estate developer and is among the top redevelopment companies based in Mumbai. It predominantly undertakes redevelopment projects in the western suburbs, focusing on economical, mid and mass, and aspirational homes. The company has a proven track record of timely completion of its completed redevelopment projects, with strong execution capabilities, and has become a trusted and reliable brand in the Western Suburbs, resulting in strong brand recall. As a core aspect of its business, it enters into redevelopment agreements with Co-operative Housing Societies, which enables it to conduct business in a capital efficient manner. The company has adopted an integrated redevelopment model, with capabilities and in-house resources to execute redevelopment projects from initiation to completion. It has developed in-house competencies for every stage of the redevelopment process comprising: (i) tendering stage, (ii) pre-construction stage, (iii) construction stage, and (iv) post-construction stage.

Business area of the company

Pranav Constructions is primarily engaged in the business of redevelopment projects in Mumbai. Its operations are concentrated on the construction of economical, mid and mass and aspirational homes.

Awards, accreditations, and recognition

• 2017: The ‘IGBC Green Homes – Silver’ was awarded to Ashutosh CHSL, one of its Completed Redevelopment Projects, by Indian Green Building Council (IGBC).
• 2023: Received the ‘Iconic Developer for Timely Delivery of Redevelopment Projects’ award issued by the Times Real Estate Conclave.
• 2024: Received the ‘Best Realty Brands’ award issued by ET Edge.
• 2024: Received the ‘Transformation Excellence Award (Western Suburbs)’ in the Times Redevelopment Awards, 2024.
• 2025: The ‘IGBC Green Homes - Silver’ was awarded to Kesar Niketan CHSL, one of our Completed Redevelopment Projects, by IGBC.

History and milestones

• 2012: Launched the first redevelopment project namely ‘Plot 229’ comprising of 30 units in the Goregaon Micro Market of Mumbai Western Suburbs (North Region) spanning a developable area of 16,548 sq. ft.
• 2015: Launched the first project namely ‘Ashutosh CHSL’ comprising of 20 units in Borivali West spanning a developable area of 18,962 sq. ft.
• 2017: Entered the Malad Micro Market of Mumbai’s Western Suburbs (North Region) by launching a 3 redevelopment projects namely, Deep (Sunder Lane) CHSL, Rajendra Apartment CHSL & The Malad Rajhans CHSL comprising of 112 units spanning a developable area of 1,03,437 sq. ft.
• 2019: Received a foreign direct investment amounting to Rs 450.00 million from RiverCrest India Infrastructure Private Limited.
• 2020: Launched the first mid-size redevelopment project, namely, Pravesh Co-operative Housing Society Limited comprising of 114 units in the Borivali Micro Market of Mumbai Western Suburbs (North Region) spanning a developable area of 1,49,830 sq. ft.
• 2022: Launched 10 redevelopment projects comprising of 523 units and spanning a total developable area of 555,467 sq. ft.
• 2023: Entered the Santacruz Micro Market of Mumbai’s Western Suburbs (South Region) by launching a redevelopment project, namely, Pearl Palace in Santacruz spanning developable area of 82,064 sq.ft.
• 2024: Total developable area in the portfolio of our Company reached to 18,61,890 sq. ft. spread across 33 Redevelopment Projects comprising of 1,669 Units.
• 2024: Achieved pre-sales of more than 95% of the Inventory in the Redevelopment Project, namely, Shining Star CHSL within 6 months of the launch of the project.
• 2025: Procured a total of 4,54,361 sq. ft. of developable area across six Redevelopment Projects.
• 2026: Entered the Vile Parle Micro Market of Mumbai’s Western Suburbs (South Region) by launching a redevelopment project, namely, Nirmal Bhavan CHSL, with a developable area of 34,264 sq. ft., and Amarhind CHSL, with a developable area of 67,999 sq. ft.
• 2026: Entered the Mahim Micro Market of Mumbai’s Central Suburbs (South Region) by launching a redevelopment project, namely, Kirti Mandir CHSL, with a developable area of 93,524 sq. ft.