Puravankara secures three Bangur Nagar societies for Goregaon West redevelopment
Published
Puravankara Limited has secured redevelopment rights for three residential housing societies in Bangur Nagar, Goregaon West, in the western suburbs of Mumbai. The announcement was made on 17 September 2026, and the project is now at the rights-secured stage, with no construction underway yet.
The combined site spans 4.68 acres and carries an estimated gross development value of ₹2,600 crore. The development potential is approximately 1.05 million square feet. The company describes the project as one of its eighth redevelopment initiatives in Mumbai and as part of a Mumbai redevelopment portfolio with an estimated gross development value of about ₹17,500 crore.
The details of the Bangur Nagar project
The project is being planned as a residential redevelopment across the three societies, which together make up the site. The developer has not yet registered the project under RERA, and no launch, expression of interest or booking stage has been announced. Plans for towers, unit counts, configurations and pricing will be shaped as the project moves forward.
- Location: Bangur Nagar, Goregaon West, Mumbai, Maharashtra
- Land area: 4.68 acres across three residential societies
- Development potential: approximately 1.05 million sq ft
- Estimated gross development value: ₹2,600 crore
- Product type: residential homes
- Status: rights secured, pre-launch
Buyers following the project can track its progress on the Puravankara Bangur Nagar project page.
Location and connectivity
Bangur Nagar sits in Goregaon West, close to Link Road, also known as New Link Road, which runs between Dahisar and Andheri. The Bangur Nagar station on Mumbai Metro Line 2A, the elevated Yellow Line, is a short distance from the site. The line was inaugurated on 19 January 2023 and runs for about 18.6 km with 17 stations between Dahisar East and Andheri West. Goregaon West station is roughly 1.16 km from Bangur Nagar station, about a two and a half minute ride, and the Western Express Highway is around 23 minutes away by metro.
Road access includes SV Road, Bangur Nagar Main Road, Aarey Road and the Western Express Highway, which give direct routes to Andheri, Bandra Kurla Complex, Bandra and Borivali. Goregaon railway station on the Western line serves the wider neighbourhood. Nearby landmarks include Oberoi Mall and Inorbit Mall Malad, along with Film City, Aarey Colony and Lokhandwala.
Two infrastructure projects are planned for the wider area. Mumbai Metro Line 6, the Pink Line, will run from Swami Samarth Nagar to Vikhroli via the Jogeshwari Vikhroli Link Road. The Mumbai Trans-Harbour Link, which connects to Navi Mumbai, is also under development and will add to the area's connectivity through the Mumbai Coastal Road.
Goregaon West market context
Goregaon West has an average sale price of about ₹33,400 per sq ft, while Bangur Nagar is typically placed in a mid-range tier at around ₹30,200 per sq ft. Prices in Goregaon West rose by about 5.3 percent over the last year. Rental yields in the area are reported at between 3 and 3.7 percent per annum. Nearby redevelopment-led and newer projects include Ekta Tripolis in Goregaon West and Kalpataru Radiance in Shastri Nagar, while Kalpataru is also building a 2.5-acre redevelopment with 200 homes near Bangur Nagar station.
About Puravankara
Puravankara Limited, listed on the NSE and BSE under the symbol PURVA, is one of India's longest-running listed real estate developers, with operations dating back to 1975 in Bengaluru. As of 30 June 2026, the company has completed 97 projects covering around 59 million square feet across nine cities, including Mumbai, Pune, Goa, Bengaluru, Chennai and Hyderabad. It operates the Purva premium brand and the Provident Housing mid-income brand through a subsidiary.
In Mumbai, the company's redevelopment work includes Purva Estrella in Andheri West, where 85 percent of the initial inventory was absorbed and Phase 1 sales exceeded ₹800 crore. Its One Park Avenue project in Mumbai has towers completed in the second quarter of FY27. Ashish Puravankara, the Managing Director, has described redevelopment as an important pillar of the company's Mumbai growth strategy, allowing it to take part in some of the city's most established neighbourhoods.
What comes next
The next stage for the Bangur Nagar project is the planning and approval phase that follows the redevelopment agreements. The company's Q2 FY27 operational update, released on 13 October 2026, listed the Goregaon West redevelopment rights among its additions to the development pipeline. Further milestones, including RERA registration, the launch and the opening of bookings, will be announced by the developer as the project progresses.