Puravankara to redevelop Miami Apartments in South Mumbai, Real Estate News, ET RealEstate
NEW DELHI: Puravankara has acquired the redevelopment rights of Miami Apartments spread over 2,000 sq meter of land at Breach Candy, Mumbai.
In addition, the company has further extended its footprint in Lokhandwala, Andheri West, where in November 2023 it had acquired redevelopment rights for two societies with land admeasuring around three acres.
The company has now been selected as the preferred developer by a cluster of four societies with land admeasuring approximately 1.30 acres, creating a large development with an overall land area of around 4.3 acres.
“The addition of new redevelopment projects in Breach Candy and Andheri West further strengthens our portfolio in Mumbai. We will continue to focus on the acquisition of marquee assets in MMR and Pune,” said Rajat Rastogi, CEO (West & Commercial Assets) of the company.
In Bengaluru, the company has signed a joint development agreement (JDA) for a 1.95-acre land parcel in Electronics City. This land parcel will have a saleable area of 2.6 lakh sq ft.
