Puravankara to enter redevelopment business in Mumbai

(20 second reading) Bengaluru-based Puravankara Ltd, that crossed the Rs.5,900 crore benchmark in terms of sales for the first time in almost five decades, plans to focus on redevelopment projects across Mumbai and Pune this fiscal.
Mumbai and Pune will be the new focus areas, especially redevelopment projects.
The company had announced that it has secured the residential redevelopment rights for two housing societies in Mumbai in November 2023 with a revenue potential of Rs.1500 crore.
In Pune, the company is in advanced stages of discussion.