(20 second reading) Bengaluru-based real estate developer Puravankara Ltd. has been unanimously selected as the preferred developer for developing a residential housing society in Mumbai’s Pali Hill locality.
The project has a cumulative estimated development potential of 4.1 lakh square feet carpet area with over 2.15 lakh square feet available for sale. The potential Gross Development Value (GDV) for the said project is said to be Rs.2,000 crore.
Property rates at Pali Hill range from Rs.1 lakh to Rs.1.2 lakh per square feet. The residential society in question is spread over two-and-a-half acres and is one of the largest in the micro-market.