Puravankara forays into Mumbai with Rs 450-cr ultra-luxury project

Puravankara has already launched two luxury projects under its World Home Collection brand in Bengaluru and Chennai

Marking its entry into the Mumbai-market, Bengaluru-based realty player Puravankara is investing Rs 450 crore to launch a residential-cum-commercial luxury project in the city’s Chembur suburb. This project will have four towers with a total of 233 residential units with 2-,3- and 4-BHKs and one tower of 79 commercial units. 

It is a 2.25 acre project on the land parcel completely owned by the company. “We will start construction in 90 days and intend to complete the project in the next four years,” said the company COO Abhishek Kapoor. The company expects a topline revenue of Rs 800 crore from