Piramal Realty invests Rs 3500 crore in housing projects

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Piramal Realty is all set to invest Rs 3,500 crores in four housing projects as it aims to deliver a 6 mn sq ft area to customers.

The company is developing 13 mn sq feet in phases across four residential projects in Mulund, Thane, Mahalaxmi, and Byculla in the MMR. The company is developing around 12,000 apartments across these four projects.

In the next two years, it is scheduled to deliver another 60,00,000 (6 mn) square feet and will be making an investment of more than Rs 3,500 crores in construction. In this 6 mn sq ft area, about 4,500-5000 apartments will get delivered.

The company has established itself in the premium luxury side of the market, with a lot of emphasis on green initiatives, better use of space inside as well as outside the apartments and community living.

Founded in 2012, Piramal Realty is the real estate arm of the business conglomerate Piramal Group. It is one of the leading developers with 15 mn sq ft of residential and commercial under development in the Mumbai Metropolitan Region (MMR).