Piramal Realty to pump Rs 35 bn into ongoing MMR projects
Real Estate

Piramal Realty to pump Rs 35 bn into ongoing MMR projects

Piramal Realty will invest Rs 35 billion over the next two years in four ongoing housing projects as it aims to deliver a six million square feet of area to customers, its chief executive officer Gaurav Sawhney said.

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

In an interview, Sawhney said the company is developing 13 million sq ft 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.

"We have launched around 8-8.5 million sq ft so far in these four projects and the remaining 4-5 million sq ft will be launched over the next two years," he said.

Sawhney said the company is focusing on delivery and has started handing over the first set of 1,000 apartments to its customers totalling about 1 million sq ft.

Sawhney highlighted that 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.

See also:
MaxVIL to develop 2 mn sq ft of residential, commercial space
Will Dharavi redevelopment take off this time around?


Piramal Realty will invest Rs 35 billion over the next two years in four ongoing housing projects as it aims to deliver a six million square feet of area to customers, its chief executive officer Gaurav Sawhney said. Founded in 2012, Piramal Realty is the real estate arm of the Piramal Group. It is one of the leading developers in the Mumbai Metropolitan Region (MMR), with 15 million sq ft of residential and commercial projects under development. In an interview, Sawhney said the company is developing 13 million sq ft 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. We have launched around 8-8.5 million sq ft so far in these four projects and the remaining 4-5 million sq ft will be launched over the next two years, he said. Sawhney said the company is focusing on delivery and has started handing over the first set of 1,000 apartments to its customers totalling about 1 million sq ft. Sawhney highlighted that 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. See also: MaxVIL to develop 2 mn sq ft of residential, commercial spaceWill Dharavi redevelopment take off this time around?

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000