According to a press release by the company, Piramal Realty is set to invest a sum of Rs 3,500 crore into four on going residential housing projects in the Mumbai Metropolitan Region (MMR) the coming two years. The identified projects have the development potential of over 12 million square feet would create more than 12,000 residential apartments. The projects are in Mulund, Thane, Mahalaxmi and Byculla. Established in 2012, Piramal Realty currently has 15 million square feet of residential and commercial space under construction in MMR.
According to a press release by the company, Piramal Realty is set to invest a sum of Rs 3,500 crore into four on going residential housing projects in the Mumbai Metropolitan Region (MMR) the coming two years. The identified projects have the development potential of over 12 million square feet would create more than 12,000 residential apartments. The projects are in Mulund, Thane, Mahalaxmi and Byculla.
Piramal Realty is a part of the larger business conglomerate Piramal Group which has interests in pharma, information management, financial services, and more. Piramal Realty was established in 2012 and has since undertaken several projects in the Mumbai Metropolitan Region. The company received funding of USD 235 million from Warburg Pincus and Goldman Sachs, making it the largest private equity funding deal in Indian real estate since 2008. Piramal Realty is known for its exquisite design and superior construction quality. The firm has projects in Mumbai and Thane.
Over the years the company has made a name for itself in the high-end luxury segment market by putting a strong emphasis on green initiatives, improved space utilisation within and outside of the flats and communal living. Today they are considered to be one of the top developers in the Mumbai Metropolitan Region (MMR) with 15 million square feet of residential and commercial space under construction. In the last five years the company has averaged Rs 2,000 crores in yearly sales bookings.
Advertisement
Facebook
Whatsapp
