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Home > Mumbai > Mumbai News > Article > Puravankara to develop housing project in Mumbais Bhandup suburb

Puravankara to develop housing project in Mumbai's Bhandup suburb

Updated on: 03 February,2015 10:48 PM IST  | 
A Correspondent |

Puravankara Projects Ltd has entered into a joint development agreement to develop a housing project on a two-acre land parcel in Mumbai's Bhandup suburb

Puravankara to develop housing project in Mumbai's Bhandup suburb

Puravankara Projects Ltd has entered into a joint development agreement to develop a housing project on a two-acre land parcel in Mumbai's Bhandup suburb.


It estimates a sales revenue of about Rs 400 crore from this project.


The land, located at Bhandup suburb of Mumbai, is owned by Maharashtra Steel Rolling Mills.


Bangalore-based Puravankara is planning to develop a residential project on this land.

This project will mark the re-entry of promoters of the company in Mumbai real estate market.

When contacted, company's joint MD Ashish Puravankara confirmed the development saying that: "We have concluded the transaction, and are currently planning the project".

The company would launch the project after getting the necessary approvals. It estimates a sales revenue of about Rs 400 crore from this project.

"This would mark our foray back into Mumbai, and we are very excited about the venture," he said.

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