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.