In June 2024, Puravankara Limited's wholly owned subsidiary Purva Oak Private Limited acquired a 12.75-acre land parcel in Patlipada on Ghodbunder Road, Thane, with a projected Gross Development Value exceeding ₹4,000 crore over the project's lifecycle. Puravankara said that its wholly owned subsidiary, Purva Oak Private has acquired 12.75 acre land in Patlipada, Ghodbunder Road, Thane. Puravankara's 12.75-acre Thane land acquisition on Ghodbunder Road promises a GDV of ₹4,000 crore. The deal came bundled with two other marquee moves the company had just made in the city, at Lokhandwala in Andheri West and at Pali Hill, taking the developer's fresh Mumbai Metropolitan Region commitments past ₹7,500 crore in a matter of months. This strategic expansion in Thane is in addition to our recent announcements of redevelopment projects in Pali Hill and Lokhandwala. We have added over ₹7,500 crore of GDV to our MMR portfolio between these three acquisitions.
That Patlipada parcel is now Purva Panorama, Puravankara's flagship residential address on Ghodbunder Road. Managing Director Ashish Puravankara framed the entry into Thane as part of a deliberate MMR strategy rather than an opportunistic land buy. Our continued investment in MMR reflects our vision to deliver international quality homes with trust and transparency," said Ashish Puravankara, Managing Director, Puravankara Limited.
Puravankara Limited was founded in 1975 by Ravi Puravankara and is headquartered in Bangalore. Puravankara Limited is an Indian publicly-held real estate development company. It was established in 1975 by Ravi Puravankara and is headquartered in Bangalore. The company was one of the first Indian developers to secure Foreign Direct Investment in real estate, entering a joint venture with Keppel Land, a Singapore government development company, in 2005. The company was also one of the first (developers) in India to secure FDI in real estate. This eventuated a JV with "Keppel Land", a Singapore Government development company, in 2005. As of March 2025, Puravankara had completed more than 90 residential and commercial projects covering roughly 53 million square feet across nine Indian cities. As of March 31, 2025, Puravankara has completed 90+ projects measuring ~53 million sq ft across nine cities – Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Ko The group operates three residential brands — Purva for premium and luxury housing, Provident Housing for the mid-income segment, and Purva Land for plotted developments — alongside a construction subsidiary, Starworth Infrastructure, and an interiors arm, Purva Streaks. The company has launched three major brands: Purva (luxury and theme-based projects), Provident Housing (affordable homes for young homeowners), and Purva Land (plotted developments). Its subsidiary, Starworth Infrastructure, focuses on technology-enabled construction, while Purva Streaks offers integrated interior design services.
Thane is part of a broader western-region push. Beyond Patlipada, the developer has in the same period taken on redevelopment projects in Lokhandwala, Pali Hill, Breach Candy, Malabar Hill and Chembur, and by mid-2025 counted eleven projects across Mumbai and Pune spanning close to 14 million square feet. Now with 11 projects across Mumbai and Pune, spanning approximately 14 million square feet, including 3.6 million square feet in redevelopment, we are committed to strengthening our footprint in the western region. Purva Panorama is the outright land acquisition anchoring that cluster of largely redevelopment-led bets in the city.
Purva Panorama sits on Ghodbunder Road, next to the Mercedes-Benz showroom in Patlipada, Thane West. Purva Panorama Thane offers luxury 2 & 3 BHK flats by Puravankara Group in Patlipada, Thane West with modern amenities and a prime Mumbai location. The residential tower — registered with MahaRERA under registration number P51700079811 and launched on 27 March 2025 — occupies part of the 12.75-acre parcel and rises across two basements, eight podium levels and 49 residential floors. Purva Panorama Tower C, developed by Purva Oak Private Limited, officially launched on 27-Mar-2025 and expected to complete by 31-Mar-2031. Registered under RERA No. P51700079811. This exclusive development features a 49-storey tower and offers luxurious 2 & 3 BHK residences.
Puravankara has engaged architect Hafeez Contractor for the design, with the podium landscaping done by One Landscape, Hong Kong. Designed by renowned architect Hafeez Contractor, it masterfully blends elegance, functionality, and comfort. The project features an 80-ft-high infinity pool, an expansive 90,000 sq. ft. landscaped podium designed by One Landscape, Hong Kong, and a high-street retail zone for added convenience. Units face either the greenery of Sanjay Gandhi National Park or the Botanical Garden and Thane Creek. Residents can enjoy stunning panoramic views, with the lush greenery of Sanjay Gandhi National Park on one side and the serene Yeoor Hills & creek views on the other, along with a botanical garden. On Puravankara's own project page, 2 BHK homes span roughly 715–820 sq ft and start from ₹1.65 crore, while 3 BHK homes span roughly 1,000–1,060 sq ft and start from ₹2.21 crore. The 2 BHK apartments range from 715-820 sq.ft., while the 3 BHK apartments span 1000-1060 sq.ft... The 2 BHK flats for sale in Thane at Purva Panorama start from ₹1.65 Cr onwards, while the 3 BHK apartments for sale in Thane begin at ₹2.21 Cr onwards. The project has also brought in sustainability features such as rainwater harvesting and energy-efficient systems. Built with sustainability in mind, Purva Panorama incorporates energy-efficient systems and rainwater harvesting, ensuring an eco-friendly and future-ready lifestyle.
Patlipada sits on the Ghodbunder Road corridor, the 20-kilometre arterial stretch that links the Eastern Express Highway near Thane to the Western Express Highway, giving the locality direct access to both halves of the Mumbai Metropolitan Region. State Highway 42, often cited as Ghodbunder Road (or GB Road), is a major road leading out of Thane, a suburban district in Mumbai. It is 20km long, and runs along the entire stretch of Thane, linking two main arterial roads of Mumbai, the Eastern Express Highway that begins at Sion and ceases at Thane, and the Western Express Highway that goes on to become the National Highway providing a route to Gujarat. Two infrastructure projects are reshaping how this address is read by buyers: the Wadala–Kasarvadavali Metro Line 4, and the Thane-Borivali twin tunnel running under Sanjay Gandhi National Park, which is expected to cut travel time between the Eastern and Western Express Highways sharply once operational. The company said that the land parcel is strategically located in Patlipada on Ghodbunder Road. The upcoming metro line 4 will further improve the area's connectivity. Additionally, the Eastern Freeway extension will provide seamless accessibility to South Mumbai, while the Thane Borivali twin tunnel project under the Sanjay Gandhi National Park (SGNP) will significantly reduce travel time between the Eastern and Western Express highways.
Puravankara's own commentary on the Patlipada acquisition flagged this connectivity upgrade as a specific reason for entering the micro-market: the location is already known for affordability relative to south and central Mumbai, strong existing connectivity, and well-developed social infrastructure, before the metro and tunnel even open. The location itself, Patlipada on Ghodbunder Road, is a popular choice for homebuyers due to its affordability, strong connectivity, and well-developed social infrastructure. The upcoming Metro Line 4 promises to further enhance connectivity in the area, reducing travel times and making commutes a breeze.
Purva Panorama sits close to an established institutional and retail base rather than a still-forming one. Nearby schools include Sulochanadevi Singhania School, and the wider Ghodbunder Road belt is served by Hiranandani Foundation School, St. Xavier's, Podar International and C.P. Goenka International School. You will stay closer to esteemed educational institutions, top-notch hospitals, and shopping malls in close proximity. Some major infrastructure includes Universal High School, Orchids The International School, Poddar International School, Titan Hospital, Jupiter Hospital, Hiranandani Hospital, Orion Business Park, Vedant Hospital, R Mall, Viviana Mall, Korum Mall, Arcadia, Shri Jagnath Mahadev Mandir, etc. The immediate neighbourhood also places the project within reach of the Hiranandani Estate and Brahmand micro-markets, and near office clusters such as Wagle Estate and Hiranandani Business Park. Proximity to Business & IT Hubs: Professionals have easy access to Wagle Estate, Mindspace Airoli, and Hiranandani Business Park.
Ghodbunder Road as a whole has seen sustained appreciation: average rates on the corridor moved from about ₹13,550 per sq ft in mid-2022 to roughly ₹19,800 per sq ft by mid-2025. Between Q2 2022 and Q2 2025, rates went from 13,550 to 19,800 rs per sq. ft. Within that corridor, Patlipada has positioned itself at the upper end, with brokers citing rates near ₹20,000 per sq ft on the back of its proximity to Hiranandani Estate and a broadly upmarket resident profile. Patlipada: If you want luxury and an elite crowd, this area is best for you. Rates here are around ₹20,000 per sq. ft., and connectivity to Hiranandani Estate is excellent. Separately, city-wide data has recorded Patlipada among the pockets along Ghodbunder Road that have appreciated by up to 35 percent over five years. Notably, Patlipada, Pokhran 2, Pokharan Road, Louis Wadi, and Ghodbunder Road have witnessed substantial appreciation up to 35 percent in the last five years. For a buyer evaluating Puravankara's entry here, that combination — an established price floor, a developer actively deploying capital into the corridor, and infrastructure still due for completion — is the core of the area's relevance to the project.
