NSEPress Release1d ago · 17 Sept 2026, 02:13 pm
Press Release
Puravankara Limited · PURVA
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Puravankara Limited has secured a redevelopment project worth Rs 2,600 crore in Goregaon West, Mumbai, marking its eighth redevelopment project in the city.
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Puravankara Limited has informed the Exchange regarding a press release dated September 17, 2026, titled "Puravankara secures Rs 2,600 crore redevelopment project inGoregaon West, Mumbai".
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Date: 17.09.2026
The General Manager, The Manager,
Listing Operations Listing Department,
Department of Corporate Services National Stock Exchange of India Limited,
BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1, G Block,
P. J. Towers, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E),
Mumbai- 400 001 Mumbai- 400 051
Stock Code: 532891 Stock Code: PURVA
Dear Sir / Madam,
Sub: Press Release
Ref: Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015
A copy of the Press Release titled “Puravankara secures Rs 2,600 crore redevelopment project in Goregaon
West, Mumbai” is enclosed herewith and the contents are self‐explanatory.
This is for your information and records.
Thank you,
Yours sincerely,
For Puravankara Limited
(Sudip Chatterjee)
Company Secretary & Compliance Officer
ICSI Membership No.: F11373
Encl: as above
Press Release
17 September 2026
Puravankara secures Rs 2,600 crore redevelopment project in
Goregaon West, Mumbai
Mumbai: Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and
admired real estate developers, has secured redevelopment rights for three residential societies in
Bangur Nagar, Goregaon West, Mumbai. Spread across 4.68 acres, the project offers a total
developable potential of approximately 1.05 million sq. ft. and an estimated Gross Development Value
(GDV) of ₹2,600 crore. The addition marks Puravankara’s eighth redevelopment project in Mumbai
and further strengthens its presence in the city’s redevelopment market.
Commenting on the development, Ashish Puravankara, Managing Director, Puravankara
Limited, said, “Redevelopment is an important pillar of our Mumbai growth strategy and allows us to
participate in some of the city’s most established and sought-after neighbourhoods. Our eighth
redevelopment project reflects the momentum we have built in Mumbai and the confidence
homebuyers are placing in our brand. We see a significant opportunity to build a scaled and
sustainable redevelopment platform in the city, backed by disciplined capital allocation, strong
execution and a long-term approach to value creation.”
Located in the western suburbs, Goregaon West is a well-established residential market with strong
connectivity to key business districts and social infrastructure. The project further expands
Puravankara’s footprint in one of Mumbai’s important residential corridors.
Rajat Rastogi, CEO-West & Commercial Assets, Puravankara Limited, added, “Mumbai’s
redevelopment opportunity is about more than adding new supply; it is about reimagining some of
the city’s most established neighbourhoods. With projects across marquee locations including Breach
Candy, Pali Hill, Lokhandwala, Malabar Hill, Cuffe Parade and now Goregaon West, we are steadily
expanding our presence across the city as we rebuild Mumbai’s skyline. Our approach is anchored in
the Puravankara way of life: thoughtful design, quality, transparency and a strong focus on the
people and communities we build for. With this addition, our Mumbai redevelopment portfolio alone
represents a potential GDV of approximately ₹17,500 crore.”
Over the past three years, Puravankara has steadily expanded its Mumbai redevelopment portfolio
across locations including Breach Candy, Pali Hill, Lokhandwala, Chembur, Malabar Hill and Cuffe
Parade. The Goregaon West project adds another established residential micro-market to this
portfolio and underscores the company’s continued focus on redevelopment as a key growth engine
in Mumbai.
About Puravankara Limited
The Puravankara Group is one of India’s most trusted realty majors, headquartered in Bengaluru with
a pan-India presence. Over the past five decades, the company has been catering to the entire
spectrum of housing and plotted development needs. The group has also forayed into developing
Grade A commercial real estate, with a presence of approximately 3 msft, and is rapidly expanding its
footprint. Additionally, the interior design arm, Purva Streaks, caters to customers looking for an
integrated interior design solution.
As of June 30, 2026, Puravankara has completed 97 projects totalling approximately 59 msft across
nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa.
The company’s total land bank is approximately 40 msft, and ongoing projects add up to 35.14 msft.
For more information, please contact:
Abhinav Kanchan 9741773269 abhinav.k@puravankara.com
Avinash Bhat 9986646059 avinash.bhat@puravankara.com
Nikunj Joshi 9901124273 nikunj.j@puravankara.com