PURAVANKARA ANDHERI WEST REDEVELOPMENT — New Project Coming Up in Lokhandwala, Mumbai
Puravankara Enters Mumbai Redevelopment Market in Lokhandwala
Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers among the top real estate companies in India. The Bengaluru-headquartered builder has now turned its focus to Mumbai's competitive redevelopment segment with a significant acquisition in Andheri West.
The Project Location and Scope
The project, situated in Lokhandwala, Andheri West, covers 3 acres and boasts an impressive development potential. It offers around 5.8 lakh square feet of carpet area, of which about 3.65 lakh square feet is available for sale.
Lokhandwala Andheri West is a housing-cum-commercial hub in Mumbai, enjoying easy access to New Link Road, Swami Vivekananda Road and JVLR. Western Express Highway, at 5 km, ensures sound intracity access. The area is only 2 km from Andheri West Metro Station on the Yellow Metro Line, which links to Kandivali West and Dahisar East, and Versova Metro Station (2 km) on the Blue Line connects it to Ghatkopar.
Unit Configuration and Pricing
The redevelopment offers residential apartments starting from Rs. 3 crore. Purva Estrella offers premium 2, 3, and 4 BHK residences, priced between ₹3 crore and ₹7 crore, aligning with benchmarks for high-quality redevelopment housing in the city.
Market Reception and Timeline
Puravankara's first redevelopment project— Purva Estrella at Lokhandwala Circle, Andheri West—recorded sales exceeding Rs. 800 crore at launch, with Phase 1 of the launch witnessing exceptional traction, with 85% of its initial inventory already absorbed.
Puravankara's Track Record in Real Estate
As of late 2025, Puravankara has completed 93+ projects totalling ~56 million sq ft across nine cities: Bengaluru, Chennai, Hyderabad, Coimbatore, Mangaluru, Kochi, Mumbai, Pune, and Goa. Puravankara Limited is an ISO 9001-certified company by DNV since 1998, and is also CRISIL rated as an outstanding developer in India with a DA2+ rating.
With a family of 55,000+ happy residents, the company's track record includes approximately 12.8 million square feet completed and approximately 7.2 million square feet of ongoing projects.
Broader Mumbai Expansion
Puravankara is extending its presence in Lokhandwala, Andheri West, with new redevelopment projects. In addition to its initial Lokhandwala project, Puravankara has expanded its redevelopment activities in the same area. Following the acquisition of two societies in November 2023, the company has now been selected as the preferred developer for a cluster of four additional societies. This new development, covering approximately 1.30 acres, increases Puravankara's total land area in the region to around 4.3 acres.
Looking ahead, the company is set to further strengthen its Mumbai presence with upcoming launches in Thane, Malabar Hill, Breach Candy, Pali Hill, and Chembur, with approvals already received for Thane, Pali Hill, and Breach Candy.