According to the company’s exchange filing, the project is spread across 4.68 acres and has an estimated developable potential of approximately 1.05 million square feet. It marks Puravankara’s eighth redevelopment project in Mumbai, further expanding its presence in the city’s redevelopment market.
“Redevelopment is an important pillar of our Mumbai growth strategy and allows us to participate in some of the city’s most established and sought-after neighbourhoods,” said Ashish Puravankara, Managing Director, Puravankara.
He added that the company sees an opportunity to build a scaled redevelopment platform in Mumbai, backed by capital allocation and execution.
Also read: Tata Group stocks rally up to 14% as Tata Sons approves N Chandrasekaran’s reappointment
Mumbai redevelopment portfolio
The Goregaon West project adds to Puravankara’s redevelopment presence across Mumbai, with projects in Breach Candy, Pali Hill, Lokhandwala, Chembur, Malabar Hill and Cuffe Parade, according to the company.
Rajat Rastogi, CEO-West & Commercial Assets, said the company’s Mumbai redevelopment portfolio now represents a potential GDV of approximately ₹17,500 crore.
Goregaon West is an established residential market in Mumbai’s western suburbs, with connectivity to key business districts and social infrastructure, the company said.
As of June 30, 2026, Puravankara had completed 97 projects covering approximately 59 million square feet across nine cities. Its land bank stood at around 40 million square feet, while ongoing projects totalled 35.14 million square feet.
Shares of the company gained as much as 6% following the order win and closed nearly 4% up at ₹218 on Thursday. The stock has fallen 9.5% so far in 2026 and nearly 18% in the last 12 months,
Read more: Gold at $10,000, AI ‘implosion’: A look at Chris Wood’s big calls on India and global markets
