India, Sept. 21 -- Mumbai's redevelopment market has been buzzing with activity, and south-based developers are increasingly participating in the city's redevelopment. Puravankara has recently acquired a Rs2,600 crore redevelopment project in Goregaon West in Mumbai, further strengthening its presence in one of India's costliest and most competitive real estate markets.

What's the news Puravankara Limited has secured redevelopment rights for three residential societies in Bangur Nagar, Goregaon West. The project covers 4.68 acres and offers a developable potential of around 1.05 million sq ft, with an estimated Gross Development Value, GDV of Rs2,600 crore. This marks the company's eighth redevelopment project in Mumbai, one of India's m...