Puravankara to Redevelop Malabar Hill Project with ₹2,700 Crore GDV Potential

Key Highlights

• Location: Malabar Hill, South Mumbai
• Project Size: 1.43 acres, 0.7 million sq. ft. development potential
• Revenue Potential (GDV): ~₹2,700 crore
• Portfolio Strength: Mumbai redevelopment pipeline now at 4.25 million sq. ft. with GDV of ₹10,500 crore

Project Overview

Puravankara Limited has secured the rights to redevelop a premium residential society at Malabar Hill, one of Mumbai’s most exclusive neighbourhoods. The project will deliver luxury homes for existing residents and create high-end apartments for sale. With an estimated revenue potential of ₹2,700 crore, the project aims to set a new benchmark for luxury living in South Mumbai.

Management Commentary

Ashish Puravankara, Managing Director, said the project marks the company’s first entry into Malabar Hill and aligns with its strategy to expand into Mumbai’s key markets. Rajat Rastogi, CEO – West & Commercial Assets, added that this is Puravankara’s second major redevelopment in South Mumbai after Miami Apartments, Breach Candy, highlighting its growing role in the city’s redevelopment wave.

Recent Developments

This announcement comes shortly after Puravankara was chosen as the preferred developer for eight residential society redevelopments in Chembur, with over 1.2 million sq. ft. of potential and GDV of ₹2,100 crore.

Growing Redevelopment Portfolio

With projects in Breach Candy, Pali Hill, Lokhandwala, and now Malabar Hill, Puravankara has built a strong pipeline in Mumbai. Its redevelopment portfolio now spans 4.25 million sq. ft., valued at around ₹10,500 crore.

About Puravankara Group

Headquartered in Bengaluru, Puravankara has over 50 years of experience with 92 completed projects across nine Indian cities. The company operates through three residential brands – Puravankara, Provident Housing, and Purva Land – and has expanded into commercial real estate, interiors, and construction technology solutions.

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Puravankara Share Price Movement

Puravankara share price (NSE: PURVA) was trading at ₹293.15, up 2.68% as of 11:50 am on September 2, 2025. The stock opened at ₹305.00, which also marked its intraday high, while the low touched ₹290.60. The company has a market capitalisation of ₹6,930 crore, with no P/E ratio or dividend yield reported. Over the past 52 weeks, the stock has touched a high of ₹470.00 and a low of ₹208.70.

Conclusion

With its latest Malabar Hill project, Puravankara continues to strengthen its presence in Mumbai’s luxury redevelopment market. Backed by a strong pipeline and a legacy of trusted delivery, the company is well-positioned to shape the future of South Mumbai’s residential landscape.

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