Puravankara Mumbai redevelopment reaches 6.04 msft across seven

Puravankara Limited has disclosed seven Mumbai redevelopment projects with approximately 6.04 million square feet (msft) of developable area and approximately 3.56 msft of saleable area as its share in its Q2 FY27 presentation. The projects span locations from Breach Candy to Goregaon West and range from RERA received to memorandum-of-understanding and development-agreement stages.

What does Puravankara’s Mumbai redevelopment portfolio include?

Puravankara’s disclosed Mumbai redevelopment portfolio includes seven projects across 15.65 acres, with approximately 6.04 msft of developable area and approximately 3.56 msft of saleable area stated as its share. The individual sites are in Breach Candy, Pali Hill, Lokhandwala, Malabar Hills, Chembur, Cuffe Parade and Goregaon West.

Goregaon is the largest disclosed project by both land area and saleable area, at 4.68 acres and 1.06 msft. Chembur is the next largest by saleable area at 0.98 msft on 2.97 acres, while Miami in Breach Candy is the smallest at 0.65 acres and 0.08 msft of saleable area.

The 6.04 msft developable-area figure and the 3.56 msft saleable-area figure measure different parts of the seven-project portfolio. Puravankara identifies the 3.56 msft figure as “our Share,” while describing the 6.04 msft of Mumbai redevelopment developable area as approximate.

Which Mumbai redevelopment projects have advanced approvals?

Miami in Breach Candy is the only one of the seven projects listed as having received RERA, or Real Estate Regulatory Authority approval, in the Q2 FY27 presentation. Its 0.08 msft of saleable area is lower than the 0.36 msft disclosed for Deccan in Pali Hill and the 1.06 msft disclosed for Goregaon.

Deccan has completed society vacation, while CC permission is underway, according to the presentation. The 2.65-acre Pali Hill project has 0.36 msft of saleable area, 0.28 msft more than Miami, but Puravankara does not provide a date for the CC permission or a construction-start schedule.

The stated statuses show that the seven sites are not at one uniform stage. Miami has RERA received, Deccan has society vacation completed with CC permission underway, three projects have signed development agreements, and two have signed memorandums of understanding with development agreements still underway.

Which Puravankara projects have signed development agreements?

Puravankara lists three Mumbai projects with signed development agreements: Malabar Hill, Chembur New Redevelopment Project and Cuffe Parade. Their combined saleable area is 1.87 msft, led by Chembur at 0.98 msft, followed by Cuffe Parade at 0.54 msft and Malabar Hill at 0.35 msft.

Chembur’s 0.98 msft saleable area is nearly three times Malabar Hill’s 0.35 msft, although Chembur covers 2.97 acres compared with 1.23 acres for Malabar Hill. Cuffe Parade, at 2.50 acres, has 0.54 msft of saleable area and is also listed as having a signed development agreement.

Two projects are listed with an MOU, or memorandum of understanding, signed and a DA, or development agreement, underway: Apna Ghar 3 in Lokhandwala and Goregaon in Goregaon West. Goregaon represents 1.06 msft of their combined 1.25 msft saleable area, compared with 0.19 msft for Apna Ghar 3.

How concentrated is Puravankara’s Mumbai saleable area?

Puravankara’s two largest Mumbai sites by saleable area, Goregaon and Chembur, together account for 2.04 msft of the stated 3.56 msft saleable-area share. Goregaon contributes 1.06 msft despite its MOU-signed and DA-underway status, while Chembur contributes 0.98 msft with a signed development agreement.

Cuffe Parade, Deccan and Malabar Hill add a combined 1.25 msft of saleable area, comprising 0.54 msft, 0.36 msft and 0.35 msft respectively. The remaining two projects, Apna Ghar 3 and Miami, have 0.19 msft and 0.08 msft, showing that the portfolio’s disclosed area is weighted towards a small number of larger projects.

Puravankara also says it is actively pursuing multiple redevelopment opportunities and has been shortlisted for advance discussions with a few societies. These potential opportunities are separate from the seven-project, 6.04 msft portfolio because the presentation gives no acreage, saleable-area or agreement-status figures for them.

Conclusion

Puravankara’s Mumbai redevelopment portfolio combines seven projects across 15.65 acres, with approximately 6.04 msft of developable area and 3.56 msft of saleable area stated as its share. Goregaon and Chembur account for 2.04 msft of saleable area, while the portfolio includes projects ranging from RERA received to agreements still being progressed.

The next disclosures to watch are progress on the development agreements underway at Goregaon and Apna Ghar 3, CC permission at Deccan, and developments after Miami’s RERA-received status. Puravankara has also identified further society redevelopment discussions, but has not disclosed area, timing or signed-status details for those opportunities.