Bengaluru-based developer Puravankara Ltd. has secured rights to redevelop eight cooperative housing societies spread over roughly four acres in Mumbai’s Chembur district. The project carries an estimated gross development value of about ₹2,100 crore and a build-out potential of around 1.2 million square feet, the company said on 7 July. Plans call for a premium residential complex alongside the rehabilitation of 143 existing apartments, adding to Puravankara’s growing western India redevelopment portfolio. The listed builder now counts 11 projects across Mumbai and Pune, totaling roughly 14 million sq ft, of which 3.6 million sq ft are redevelopment schemes expected to contribute more than ₹7,700 crore to the region’s targeted GDV of ₹18,000 crore.