The project holds a cumulative estimated development potential of 4.10 lakh sq ft carpet area with over over 2.15 lakh sq ft available for sale with a potential Gross Development Value (GDV) of over Rs 2,000 crore.
The acquisition of these development rights marks Puravankaras foray into the redevelopment business in the western region. The combined land parcel has a cumulative estimated development potential of 5.8 lakh sq ft carpet area, with around 3.65 lakh sq ft available for sale.
The company believes that redevelopment is the way forward and is scouting for redevelopment projects in western suburbs, South Mumbai and in central suburbs.
Puravankara Secures Redevelopment Rights for 2 Housing Societies in Mumbai, with a GDV Potential of Rs 1,500 Crore bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
Puravankara s project has a cumulative estimated development potential of 5.8 lakh sq ft carpet area, with approximately 3.65 lakh sq ft available for sale and a potential gross development value (GDV) of Rs 1,500 crore.