PURAVANKARA CHEMBUR REDEVELOPMENT — New Project Coming Up in Chembur, Mumbai
Project Overview
Puravankara has been selected as the preferred developer for the redevelopment of eight residential societies in Chembur, Mumbai. The project spans approximately 4 acres and unlocks a total development potential of over 1.2 million square feet, with an estimated gross development value (GDV) of Rs 2,100 crore.
The eight societies are: Sahyagiri Co-operative Housing Society Limited, Rainbow Co-operative Housing Society Limited, Deonar Hill View Co-operative Housing Society Limited, Deonar Gulmohar Co-operative Housing Society Limited, Deonar Madhuban Co-operative Housing Society Limited, Sunbeam Co-operative Housing Society Limited, Deonar Avanti Co-operative Housing Society Limited, and Deonar Parijat Co-operative Housing Society Limited.
Residential Offering
The project features smart layouts, modern features, and high-rise towers, offering spacious 2, 3 & 4 BHK homes ideal for professionals, families, and investors. Existing homeowners in the current buildings will be rehoused in the new towers, with the remaining premium apartments available for sale to the public. The development involves creating a premium residential complex alongside the redevelopment of 143 existing apartments within the housing societies.
Location and Connectivity
Chembur, located on the eastern part of Mumbai, has evolved as an organic extension of the Island Mumbai with easy connectivity to main Island city and other parts of Mumbai. The project enjoys excellent connectivity to key business hubs like BKC, Fort, and Navi Mumbai.
Chembur offers seamless access through the Eastern Express Highway, Monorail, and the upcoming Metro Line 2. Daily essentials, reputed schools, hospitals, and shopping zones are all nearby.
Amenities and Design
The project features premium vitrified tiles in living room and bedrooms, anti-skid tiles in bathrooms and balconies, modular kitchens with granite countertops and stainless steel sinks, branded sanitaryware with concealed plumbing, and spacious sit-out balconies. UPVC windows with sound insulation and video door phones provide security, along with CCTV coverage, fire alarms and smoke detectors in common areas.
Developer Background
Founded in 1975 and headquartered in Bangalore, Puravankara Limited has delivered more than 100 landmark projects across Bangalore, Mumbai, Pune, Chennai, Kochi, and Coimbatore. With a total of 11 projects in Mumbai and Pune, spanning approximately 14 million sq ft, Puravankara has established a significant presence in western India, of which 3.6 million sq ft is attributed to redevelopment alone.
This announcement follows Puravankara's previous acquisitions of development rights for prestigious redevelopment projects in Mumbai's Breach Candy, Pali Hill, and Lokhandwala. The region is projected to contribute Rs. 18,000 crore in total GDV, with Rs. 7,700 crore from redevelopment initiatives.
Market Context
The Chembur Real Estate Market has experienced consistent growth over the last decade, with redevelopment projects, premium residential launches, and limited land availability contributing to rising property prices and strong demand. Chembur real estate has transformed into one of Mumbai's most dynamic markets, blending seamless connectivity, upscale living, and high-growth potential, with a surge in premium developments and infrastructure upgrades.