India's Puravankara rises on 21 bln-rupee Mumbai redevelopment projects
** Puravankara PURA.NS rises 3.6% to 293.35 rupees; set to gain for third straight session ** Real estate developer to redevelop eight housing societies in Mumbai, with gross development potential of 21 bln rupees ($245 mln) ** About 505,000 shares traded vs 30-day avg of ~416,000 ** YTD PURA down 23% ($1 = 85.7790 Indian rupees) (Reporting by Hritam Mukherjee in Bengaluru) ((Hritam.Mukherjee@thomsonreuters.com;))
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