Miami By Purva Receives MahaRERA Registration in Mumbai
Regulatory Milestone for Miami By Purva
Puravankara Limited has secured MahaRERA registration for its residential project 'Miami By Purva' located at C S No. 6 & 7/697 in Mumbai City, bearing the registration number PR1170002600857, with the project targeted at the domestic market. The registration was granted on June 18, 2026, marking a key compliance step in the project's development timeline.
What MahaRERA Registration Means
MahaRERA registration is mandatory for residential and commercial projects in Maharashtra before marketing or sales commence. Under RERA, developers must deposit funds in an escrow account, file quarterly construction updates, and compensate buyers with interest for any delay beyond the registered completion date.
The project details are accessible on the MAHARERA website, providing transparency and compliance with local real estate regulations.
Puravankara's Expansion in Mumbai
Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers, built on an unwavering commitment towards customer delight, responsibility, and trust over five decades. The company is actively strengthening its presence in the western region.
Puravankara has been selected as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai, unlocking total development potential of over 1.2 million square feet, spread over approximately 4 acres, with an estimated gross development value of Rs 2,100 crore.
The company's broader expansion strategy reflects its confidence in structured housing demand. Puravankara Limited announced plans to launch 30 new projects over the next 24 months across South India and Mumbai, targeting a Gross Development Value exceeding Rs 55,000 crores.
Market Context
Mumbai's real estate sector continues to attract institutional investment and established builders. Premium localities like Chembur, BKC, and Powai are witnessing rapid growth due to modern developments and business expansion, while Mumbai's space constraints lead to a surge in property prices, ensuring long-term investment gains.