Puravankara's commercial office development at Chembur, Eastern Mumbai — a rare opportunity to own Grade A office space in one of Mumbai's fastest-growing eastern suburb corridors. 5,000-60,000 sq ft available for direct sale. Sion-Panvel Highway, Chembur. Eastern Express Highway and Santacruz-Chembur Link Road connectivity. Puravankara — 50 years, BSE listed (NSE: PURVA).
Purva Clermont is Puravankara's commercial development in Chembur, Eastern Mumbai — offering Grade A office spaces from 5,000 to 60,000 sq ft for outright sale. Chembur is Eastern Mumbai's fastest-growing premium suburb, driven by the Santacruz-Chembur Link Road (SCLR), Eastern Express Highway, and the Navi Mumbai international airport's impact on eastern Mumbai connectivity.
Puravankara Limited (NSE: PURVA, BSE listed) — 50 years in Indian real estate, 100+ delivered projects across Bangalore, Mumbai, Pune, Chennai, and Kochi. Purva Clermont carries the Puravankara quality standard established across their Pan-India portfolio.
For NRI investors, Chembur commercial offers Eastern Mumbai commercial exposure at 30-40% below Lower Parel or BKC pricing. The SCLR connection puts Chembur within 20 minutes of the domestic airport and 25 minutes of BKC — dramatically improving accessibility that was previously Chembur's limitation.
Purva Clermont — Chembur, Mumbai — Payment Structure
Lower Parel office: ₹22,000-28,000 psft. BKC: ₹28,000-35,000 psft. Chembur Purva Clermont: significantly lower entry with improving connectivity. As SCLR and Navi Mumbai airport reduce Eastern Mumbai's connectivity disadvantage, this price gap will compress — early buyers capture the gap-closing appreciation.
Puravankara has delivered 100+ projects in Bangalore, Mumbai, Pune, Chennai, and Kochi over 50 years. Their Mumbai commercial delivery record — available from public MahaRERA filings — provides the verification NRI investors need.
NRI business owners establishing Mumbai office headquarters can acquire up to 60,000 sqft in a single Purva Clermont investment — a corporate headquarters for a mid-large business at Chembur pricing with western Mumbai connectivity from 2026 onward.
NRIs can freely buy commercial property in India under FEMA. No RBI approval needed. Funds must route through NRE, NRO, or FCNR banking channels.
Payments from NRE accounts have no LRS (USD 250K/year) limit. Use NRE for commercial property — no annual remittance ceiling.
Power of Attorney allows complete remote purchase without visiting India. IA Wealth coordinates POA, RERA verification, and registration.
GST-registered buyers can claim input tax credit on commercial purchases, reducing effective cost by 12%. Ready properties are GST-exempt.
India-UAE Double Tax Avoidance Agreement prevents double taxation on rental income. Income declared in India need not be re-declared in UAE.
NRIs can repatriate up to USD 1 million per year from commercial property sale proceeds from NRO account after paying applicable capital gains tax.
5K-60K sqft · Eastern Mumbai · SCLR connectivity · Puravankara 50 years · MahaRERA.
Disclaimer: All pricing is indicative as at August 2026. Gross yield estimates are market averages and not guaranteed. Consult a CA for Indian tax obligations. IA Wealth Real Estate LLC · RERA 52591 · Dubai · +971 56 909 3693 · www.iawealth.ae
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