Puravankara re-enters Mumbai with its first ultra-luxury project

Puravankara Limited has launched its first ultra-luxury project ‘Purva Clermont’, in Mumbai. This marks the company’s re-entry into the city and its maiden foray into the ultra-luxury category under WorldHome Collection, said a press release.

Through this ambitious project, the company aims to provide sustainable, futuristic and exclusive homes designed by world-renowned architects, it said further.

Puravankara, according to the release, has invested Rs 450 crore with expected top-line revenue of Rs 800 crore. The development will see four towers with a total of 233 residential units and one tower of 79 commercial units, it added.

Ashish R. Puravankara, Managing Director, Puravankara Limited, said “The gradual recovery of the economy has revived the demand within the real estate sector. We strongly believe that the current landscape is ideal for us to strengthen our presence in Mumbai, which is one of the largest growing real-estate markets in the country. Our new project will be an extension of our larger vision and a step towards creating a new landmark in the city of dreams.”