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).

Rakesh Roshan and Pramila Roshan leased their flat on the second floor of Hiralaya Building, N.S. Road, JVPD Scheme, Mumbai to Asavari Rajopadhye for three years starting August 15, 2026. Lease agreement registered August 24, 2026. Starting monthly rent: ₹5 lakh with 5% annual escalation. Year 1: ₹5 lakh/month (₹60 lakh annual). Year 2: ₹5.25 lakh/month (₹63 lakh annual). Year 3: ₹5.51 lakh/month (₹66.15 lakh annual). Total rent payable: ₹1.89 crore. Security deposit: ₹21.75 lakh. JVPD Scheme is a prominent Mumbai residential pocket with independent bungalows, housing societies and high-end apartment buildings, home to film personalities and celebrities. Recent Roshan family real estate activity: January 2026 - Rakesh Roshan sold 1.09-hectare Pune plot for ₹15 crore. November 2025 - Hrithik Roshan, HRX Digitech LLP, and Pramila Roshan purchased 10 office units in Andheri West for ₹28 crore. November 2025 - Rakesh and Pramila purchased five commercial office units in Andheri for ₹19.68 crore. November 24, 2025 - Sunaina Rakesh Roshan purchased two commercial units in Andheri East for ₹6.42 crore. May 2025 - Hrithik and Rakesh sold three residential apartments in Andheri for ₹6.75 crore.

The bridge over Irla nullah has been closed for the past month, forcing residents of Juhu and Vile Parle to take a 2-km detour. Residents said they were unclear about the reason for the closure and speculated that repairs may be underway, while urging the Brihanmumbai Municipal Corporation to restore connectivity. The bridge was also closed for eight to nine months in 2023; residents said workers accidentally damaged a pipe then, cutting off water supply to the area for a few days.

The Bombay High Court cancelled the auction of leasehold rights to an 852-sq-metre plot in Mumbai’s JVPD Scheme, Vile Parle, and forfeited the ₹10 lakh earnest money deposits paid by each of five bidders. The auction was advertised on January 22, 2026; the bidders submitted offers on February 4. Four bids ranged from ₹85 lakh to ₹1 crore. Swarnim Gems & Jewellers Pvt Ltd initially bid ₹6.03 crore, while Anay Shah raised his bid to ₹9.50 crore. After the company’s director, Mahesh Soni, left the courtroom to consult a co-director and Shah followed, the company bid ₹9.75 crore; Shah declined to bid higher. The court found possible collusion and underbidding. It said the government valuer’s ₹64.47 lakh valuation was unrealistic. A bidder said he was willing to offer ₹15 crore but had been asked to keep quiet. The court directed the deputy sheriff to obtain a fresh valuation before a new auction.

Mumbai’s monsoon, from June to September, hampers mobility and property site visits, slowing transactions despite sustained demand. Waterlogging in Gandhi Market, Sion; Hindmata, Dadar; and Milan Subway, Vile Parle, discourages buyers. Properties in flood-prone areas can have capital and rental values 10–20% below those in unaffected areas. The BMC has begun stormwater drainage upgrades.

Mumbai recorded over 52,000 property registrations from January to April 2025. Knight Frank India data shows 2024 registrations exceeded 37,000 in January–March and 35,000 in April–June, dipped to just over 33,000 in July–September, then recovered to more than 35,000 in October–December.

Moderate to heavy rain over the past 24 hours and an expected monsoon arrival nearly 10 days early could reduce May walk-ins, despite April and May usually drawing strong buyer interest. Buyers who have decided to purchase may still proceed with registrations during dry spells.