PURAVANKARA PURVA OAK THANE — New Project Coming Up in Patlipada, Mumbai
Puravankara acquires 12.75 acres in Patlipada for new residential development
Puravankara Limited announced the acquisition of 12.75 acres of land in Patlipada on Ghodbunder Road, Thane, through its wholly-owned subsidiary company, Purva Oak Private Limited. The land has an estimated potential carpet area of 18.20 lakh sq ft and a potential Gross Development Value (GDV) of Rs 4,000 crores over the project lifecycle.
Project scope and development vision
The company will build a high-end, mixed-use residential project with a GDV of Rs 4,000 crores, with plans to launch the project during the festive season in the 2024-25 financial year. Puravankara is focused on incorporating sustainable development across its projects, with the Thane project built with these principles in mind.
Location and connectivity
The land parcel is strategically located in Patlipada on Ghodbunder Road, a micro-market highly preferred by discerning home buyers due to the value-laden proposition, connectivity advantages, and robust social infrastructure. The upcoming metro line 4 will further improve the area's connectivity. 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.
The project will enjoy captivating views of a 30-acre botanical garden and the SGNP, giving residents ample lung space.
Local area context
Patlipada is strategically located along Ghodbunder Road at the crossroads of rapid urban expansion, offering seamless access to both Mumbai and Thane. The locality benefits from robust connectivity, with direct links to the Eastern Express Highway and Western Express Highway, facilitating daily commutes to major employment centers like Powai, Airoli, and Lower Parel. The upcoming Mumbai Metro Line 4 (Wadala–Kasarvadavali), with stations in close proximity, is set to revolutionize public transport access, reducing dependency on private vehicles.
Patlipada Village offers a balanced lifestyle with access to essential amenities, including reputed schools, healthcare facilities such as Columbia Asia Hospital, and shopping destinations like Inorbit Mall and Viviana Mall. Green spaces including Upvan Lake and the Ovalekar Wadi Butterfly Garden enhance the area's appeal.
Developer's momentum in Mumbai
Ashish Puravankara, Managing Director of Puravankara Limited, said the company is further solidifying its commitment to MMR's sustainable and dynamic real estate market with this strategic expansion in Thane in addition to recent announcements of redevelopment projects in Pali Hill and Lokhandwala. This marks the company's third major acquisition in the region within the past seven months.
Puravankara 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. The company has a track record of approximately 20 million square feet of projects, with approximately 12.8 million square feet completed and approximately 7.2 million square feet of ongoing projects, serving a family of 55,000+ happy residents.
About Puravankara
Founded in 1975, Puravankara Limited is one of India's most admired and trusted developers. As of late 2025, Puravankara has completed 93+ projects totalling approximately 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.