April 24, 2024:Â Puravankara has been selected as the developer for redeveloping a residential society in Pali Hill, Bandra, Mumbai, the company mentioned in a regulatory filing with the National Stock Exchange (NSE).
Located in Bandra (West), Pali Hill is a premium address with property rates ranging from Rs 1 lakh to Rs 1.20 lakh per sqft.
As per the regulatory filing, the project has a cumulative estimated development potential of 4.10 lakh sqft carpet area, with over 2.15 lakh sqft available for sale and a potential gross development value (GDV) of over Rs 2,000 crore.
The residential society to be redeveloped is spread slightly over two and a half acre. Also, presently, the company is in advanced stages of discussions for the redevelopment of three to four other prestigious housing societies in Mumbai.
Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |