Overview
Puravankara Pali Hill marks the developer's entry into one of Mumbai's most storied residential redevelopment stories. In April 2024, Puravankara announced that the company has been unanimously selected as the preferred developer for redeveloping a residential housing society in Pali Hill, Mumbai, with a potential gross development value of over Rs 2,000 crore. The society being redeveloped is strategically positioned, spread slightly over two and a half acres, making it one of the largest in the micro-market.
In terms of scale, the project has a cumulative estimated development potential of 4.10 lakh sq ft carpet area, with over 2.15 lakh sq ft available for sale. This positions Puravankara Pali Hill among the more significant redevelopment undertakings in the western suburbs. Pali Hill is a premium address in Bandra West, with property rates ranging from Rs 1 lakh to Rs 1.20 lakh per sq ft, underscoring the exclusivity of this micro-market.
The development is designed as twin high-rise residential towers offering elegant 2, 3, and 4 BHK luxury apartments, thoughtfully crafted for discerning families and professionals who aspire to an elevated lifestyle. The project is currently at the pre-launch stage; as one channel-partner listing notes, the details regarding sizes and prices of the apartments are forthcoming, as RERA registration is pending.
Beyond Pali Hill, Puravankara has been rapidly expanding its Mumbai redevelopment footprint. The company now counts 11 projects across Mumbai and Pune, spanning approximately 14 million square feet, including 3.6 million square feet in redevelopment, reflecting the scale of ambition behind this Pali Hill address.
At a Glance
