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).

BEST committee decided to re-tender a prime 5,516 sq ft property near Ghatkopar East railway station after objections over proposed annual rent of Rs 33.4 lakh, deemed below prevailing market rates. Site was earmarked for marriage hall and birthday venue use. Committee member Nitin Nandgaonkar (Sena UBT) objected to low rates at strategic location and raised concerns over allowing tenant independent electricity and water connections, warning this could weaken BEST's control and establish stronger tenant possession. Panel directed administration to invite fresh bids and ensure electricity and water remain under BEST's control. BEST general manager agreed undertaking would provide utilities at premises. Committee also approved nine other properties: 6,374 sq ft at Mulund Check Naka bus station (hospital or commercial use, Rs 39 lakh annual rent); four premises in Kandivli West staff quarters building for food businesses; mezzanine floor at Andheri bus station for catering.

MHADA floated 118 apartments under the First Come, First Served (FCFS) scheme in February 2026; 64 sold, leaving approximately 54 unsold. Price reductions of 10–20% will be offered depending on ready reckoner rate thresholds for each area. Unsold inventory largely falls in higher price ranges of ₹4–8 crore. Most expensive unit priced at ₹8 crore in South Mumbai (Crescent Tower, Tardeo) remains unsold.

Price distribution of 118 apartments:

• Below ₹1 crore: 40 flats
• ₹1–2 crore: over 70 units
• ₹2–8 crore: 28 apartments

Locations included: Kandivali, Charkop, Shimpoli, Antop Hill, Wadala, Powai, Malad, Mankhurd, Ghatkopar, Vikhroli, Byculla, Tardeo, Lower Parel, Sion, Juhu, Andheri. Most affordable: ₹31.17 lakh in PMGP Colony, Mankhurd (247 sq ft built-up area). Crescent Tower has three additional apartments priced ₹6.27–7.94 crore. Juhu apartments range ₹3–5.50 crore.

The Walkers Path from Thakur Village, Kandivli West, to Sanjay Gandhi National Park (SGNP) is likely to be shut down. Residents of Thakur Village, Kandivli West, submitted a petition regarding the closure.

Kunal Joshi, homebuyer exploring Dahisar, northern Mumbai, finds larger apartments for same price farther from railway stations, driven by anticipated connectivity from upcoming Mumbai Coastal Road Project.

Near Dahisar and Borivali stations, 10–15 minutes away: 2BHK of 550 sq ft costs ₹1.20–1.60 crore. Beyond Link Road, closer to creek where Coastal Road expected in 7–10 years: apartments 600–650 sq ft available same price range.

Current challenges: poor road conditions, traffic congestion, travel to stations takes 15–30 minutes. Area relatively quiet at night. Developers offering more space for same price.

Mumbai's real estate market affected by infrastructure challenges. Frequent potholes, uneven roads, repeated barricading for repairs impact property values and buyer sentiment.

Major projects experienced issues: Atal Setu, Mumbai Coastal Road experienced uneven patches requiring barricading. Western Express Highway and central/western suburbs (Andheri, Ghatkopar, Kandivali) see persistent road damage, particularly monsoon season.

Palava flyover, Thane district, completed after seven-year delay, required maintenance hours after opening.

Road quality impacts home-buying decisions. Poor roads key factor for homebuyers reconsidering properties despite lower prices. End users consider both social and physical infrastructure. Segment of homebuyers prefer not to bet on future developments.

Investors bet on future developments (roads, metro). Issues due to poor execution and supervision during construction. Construction must follow specifications strictly, work not rushed. Contractors and authorities need strict oversight.