Bangalore-based Puravankara, one of India's largest real estate developers, won the redevelopment rights for two Lokhandwala, Andheri west housing complexes. Puravankara's initial venture into western suburb redevelopment with this purchase is notable.

Purva Land, the plotted development division of Puravankara, had a super positive response to its recently announced Purva Oakshire project, with the majority of plots selling out over the opening weekend.