Puravankara bags contract to redevelop housing society in Mumbai, eyes Rs 2,700 cr revenue

Puravankara Limited secures a redevelopment project in Mumbai's Malabar Hill. The project involves redeveloping Samrat Ashok Co-operative Housing Society. Purva Blue Agate Private Limited, a subsidiary, received the Letter of Award. The 1.43-acre ...

By PTI | Sep 02, 2025, 07.34 AM IST

Puravankara Ltd has secured a project to redevelop a housing society in Mumbai's upscale Malabar Hill.

Realty firm Puravankara Ltd has bagged a project to redevelop a housing society in Mumbai's Malabar Hill, and the company is expecting a revenue of around Rs 2,700 crore from the saleable area.

In a regulatory filing on Monday, the company informed that its subsidiary Purva Blue Agate Private Limited has received a Letter of Award for redevelopment of the society belonging to Samrat Ashok Co-operative Housing Society Ltd.

This 1.43-acre project offers a development potential of 7 lakh square feet, providing new, premium homes for existing residents while also creating a substantial portion for sale.

The estimated revenue potential from this upcoming project is Rs 2,700 crore, the company said.

Bengaluru-based Puravankara Ltd is one of the leading real estate developers in the country.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!