Puravankara Shares Rise 4% Following Goregaon West Redevelopment Project Win

Puravankara shares closed nearly 4 percent higher at ₹218 on Thursday after the real estate developer secured redevelopment rights for three residential societies in Mumbai's Goregaon West.

Spanning 4.68 acres, the project offers a developable potential of approximately 1.05 million square feet and an estimated Gross Development Value of ₹2,600 crore.

This addition marks the company's eighth redevelopment project in Mumbai, strengthening its footprint in the city's established residential corridors.