Puravankara shares touched a day’s high of Rs 223 today after winning a Rs 2,600 crore redevelopment project in Mumbai.

Here’s what caused the buying interest. Puravankara has won redevelopment rights for three residential societies in Bangur Nagar, located in Goregaon West, Mumbai.

The project spans 4.68 acres and offers a developable potential of around 1.05 million square feet.

Based on this, the company expects a gross development value of Rs 2,600 crore from the project. This is not Puravankara’s first redevelopment project in the city.

In fact, this marks the company’s eighth such project in Mumbai, adding to its existing presence in areas like Breach Candy, Pali Hill, Lokhandwala, Chembur, Malabar Hill and Cuffe Parade.

With this latest addition, the company’s entire Mumbai redevelopment portfolio now represents a potential gross development value of around Rs 17,500 crore.

Speaking on the win, Managing Director Ashish Puravankara said redevelopment remains an important part of the company’s growth strategy in Mumbai, allowing it to enter some of the city’s most established neighbourhoods.

Goregaon West itself is considered a well established residential market in the western suburbs, with strong connectivity to business districts and social infrastructure nearby.

Looking at the bigger picture, Puravankara had completed 97 projects covering close to 59 million square feet across nine cities as of 30 June 2026.

Its land bank stood at around 40 million square feet, while ongoing projects added up to 35.14 million square feet.

Coming back to today’s trade, Puravankara shares closed at Rs 218.23 on the NSE, up 3.81% for the day, after moving between a low of Rs 208.13 and a high of Rs 223.

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