Pranav Constructions Limited (PCPL) specializes in redevelopment of old housing societies across Mumbai's western suburbs: Vile Parle, Santacruz, Juhu, Bandra, Andheri, Goregaon, Ram Mandir, Malad, Kandivali, and Borivali. The company handles full project cycle including architecture, legal compliance, construction management, and RERA registration.

Completed projects: 29

• Malad (₹22,000–₹32,000 per sq ft): Marudhar, Union Bank of India Employees Ankur Residency, Gold Coin Residency, Nirvana, Gala Apartments, Rushabh Mahal Residency, Rajhans, Rajendra Apartments, Deep, Silverene, Amber, New Shalimar Apartments
• Borivali (₹25,000–₹40,000, premium ₹50,000+): Lakshman Towers, Kesar Niketan, Neon Heights, Flora Enclave, Ohana, Shivdarshan
• Goregaon (₹26,000–₹32,000): Mettivilla, Navchandrakunj, Plot 212, New Lata Apartments, Prachiti, Kiran Apartment
• Kandivali West (₹22,000–₹30,000): Abhiram

Ongoing: 17 projects

• Santacruz East and West (₹28,000–₹45,000): Jamuna Mahal, Samrat, Pearl Palace, Shining Star, 42 Aura
• Borivali West: Lakshman Tower
• Malad West: Falcon Crest, Kaveri, Ankur Residency, Nirvana
• Goregaon West: Om Manikanta
• Bandra West (₹35,000–₹56,000): Gulnar, Citizen Apartments
• Andheri West (₹38,000–₹55,000): Vaibhav Vista, You & I CHSL, Nandadeep
• Kandivali West: Rajesh Mandir
• Vile Parle West (₹43,000): Nirmal Bhavan
• Mahim West (₹29,000–₹49,000): Vivante

Upcoming: 17 projects

• Andheri: Daulat Rao Desai CHSL, Nutan CHSL
• Vile Parle: Vile Parle Anupam CHS, Amarhind
• Bandra: 51 Adriel, The Bandra Gul-E-Baug CHSI, Ahlyakunj, Citizen
• Santacruz West: Priyadarshini CHSL, Sompuri Market, Kirti Manohar
• Borivali West: Navjeevan CHSL, Hill View CHSL
• Malad West: Shri Santoshi Nagar
• Ram Mandir: Rajnigandha

Founded by Late Kiran Dharamsey Ashar. Currently led by Pranav Ashar (Chairman and Managing Director) and Ravi Ramalingam (Director).

Maharashtra Housing and Area Development Authority (MHADA) lottery for 2,640 tenements held 6 August 2026 at 12:00 PM.

Applications: 97,000 received; 75,300 valid EMD payers; 2,640 homes offered.

Income categories and pricing:

• EWS (family income up to Rs 6 lakh): 145 homes offered; Rs 29 lakh to Rs 35 lakh in Mankhurd and Goregaon
• LIG (Rs 6–9 lakh): 858 homes; Rs 35 lakh to Rs 1.50 crore in Vikhroli, Chembur, Ghatkopar
• MIG (Rs 9–12 lakh): Rs 1.50 crore to Rs 5 crore in Bandra, Dadar, Powai
• HIG (above Rs 12 lakh): Rs 5 crore to Rs 6.82 crore in Tardeo and South Mumbai

Prices reportedly 20–30% below comparable private market rates.

Claiming process: Download Provisional Offer Letter from MHADA account/app; visit MHADA office with identity, address, income documents; pay remaining 90% within 60–90 days; complete registration.

Additional costs: Stamp duty 5% (men), 4% (women), 6% (commercial); registration 1% or capped Rs 30,000 for residential; GST if applicable; society maintenance charges.

Lottery livestreamed on YouTube, Facebook, MHADA website.

MHADA lottery 2026 deadline extended to 11:59 PM 28 May for online applications; earnest money deposit deadline 29 May 2026.

Applications received: 84,782 for 2,640 apartments; 59,069 earnest money deposits submitted as of 25 May.

Schedule:

• Provisional list: 10 June 3:00 PM
• Claims and objections: until 12 June 3:00 PM
• Final list: 16 June 3:00 PM
• Computerised draw date to be announced

Apartments: 1,762 under construction (66%); 878 completed. Locations include Vikhroli, Goregaon, Borivali, Gorai, Chembur, Bandra, Ghatkopar, Wadala, Powai, Dadar, Mankhurd, Tardeo. Borivali East 128 units, Goregaon West 85 units, Kanamwar Nagar and Vikhroli remaining under construction.

Price range: ₹29 lakh to ₹6.82 crore. EWS apartments in Mankhurd from ₹29 lakh; Goregaon 300 sq ft at ₹32 lakh; HIG in Tardeo South Mumbai ₹6.82 crore. MHADA reduced prices on 1,221 tenements including 610 Vikhroli apartments with 7.5% cuts.

Documents: mobile linked to Aadhar, spouse Aadhar if married, caste certificates, widow applicants need spouse death certificate.

Oberoi Realty entered into a development agreement (DA) with Maharashtra Housing and Area Development Authority (MHADA) for MHADA-owned land in Aram Nagar, Versova, Andheri West, Mumbai, announced March 16.

Expected free-sale component: approximately 17.18 lakh sq ft (RERA carpet area), excluding rehab component for existing tenants, subject to statutory approvals and Development Control and Promotion Regulations for Greater Mumbai, 2034.

Recent Oberoi Realty announcements:

• February 2025: Highest bidder for 99-year lease of 11 acres railway land in Bandra East for ₹5,400 crore, with 19.50 lakh sq ft FSI potential, adjoining Western Express Highway.
• November 2025: Development Agreement for redevelopment of 4,706 sq m land at Nepean Sea Road, South Mumbai, with estimated 1.18 lakh sq ft free-sale component (RERA carpet area).

The Carter Road promenade in Bandra is used daily by thousands for walking, exercise, watching sunset, and socialising. Civic group IM_PACT (Citizens Movement for Environment and Civic Action) filed a complaint to authorities Thursday about encroachments including food stalls and illegal conversion of a gazebo at the northern end of the promenade, which has been covered with tin sheets. Residents allege the gazebo is being converted into a religious structure and that CRZ (Coastal Regulation Zone) norms are being violated. This follows earlier concerns about the BMC concreting an open space adjoining Bandra Fort.