Browsing: Mumbai redevelopment

Beyond Headlines Mumbai Redevelopment Project, Mumbai Land Deals, Mumbai Housing Redevelopment, Puravankara Limited, Ashish Puravankara, Rajat Rastogi

Puravankara secures Malabar Hill redevelopment project, with a GDV potential of INR 2,700 crores

Puravankara Limited has acquired redevelopment rights for a prime residential society in Malabar Hill, Mumbai, through its wholly owned subsidiary, Purva Blue Agate Pvt Ltd. This 1.43-acre project offers a development potential of 0.7 million square feet, providing new, premium homes for existing residents while also creating a substantial portion for sale. With an estimated revenue potential of INR 2,700 crores, this exclusive residential enclave will redefine luxury in the city.

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No saturation point with redevelopment

Developers operating in the redevelopment space are bullish that their area of specialisation does not have a saturation point or over-supply at any foreseeable future. Analysts believe the land crunch constraint that the city faces since many years can be solved only through massive redevelopment.