Realty developer Puravankara s subsidiary, Purva Oak, acquired 12.75 acres in Thane s Patlipada for a premium residential project with an estimated potential of 18.20 lakh sq ft. The project, adding to Mumbai Metropolitan Region portfolio, has a potential gross development value of Rs 4,000 crores. Puravankara aims for strategic expansion and increased revenue contribution in the western region.
In November 2023, Puravankara secured rights to undertake the redevelopment of two housing societies spanning 3 acres in the Lokhandwala area of Andheri West.
Puravankara: The land has an estimated potential carpet area of 18.20 lakh sq ft and a potential gross development value (GDV) of Rs 4,000 crore over the project lifecycle.