- Source: Piramal Realty
Piramal Realty is an Indian real estate company, founded in 2012 is a part of Piramal Group, headquartered in Mumbai, India. The company is engaged in developing luxury residential and commercial properties and is currently developing projects estimated to cover 15 million square feet. Among its notable projects include Piramal Aranya, Piramal Mahalaxmi, Piramal Revanta, Piramal Vaikunth and Piramal Agastya.
History
The company was founded in 2012 as a real estate arm of Piramal Group led by Ajay Piramal.
In July 2015, Piramal Realty raised $234 million from private equity firms Warburg Pincus and Goldman Sachs, making it one of the largest investment in India's real estate sector.
The company has made several high-value land acquisitions in India. In April 2012, it acquired a sea-facing property from Hindustan Unilever Limited in Worli, Mumbai, for ₹452 crore. In June 2011, Piramal Realty acquired a 7-acre plot in Byculla from Mafatlal Industries for ₹605.80 crores, however, Business Today reports it to be ₹753 crores. It purchased 3.2 acres of land parcel in Mulund from rival Nirmal Lifestyles for ₹153 crores in 2017.
Awards and recognition
References
Kata Kunci Pencarian:
- Tata Group
- Daiichi Sankyo
- Piramal Realty
- Piramal Group
- Ajay Piramal
- Palava City
- List of tallest buildings in India
- List of tallest buildings in Mumbai
- Karan Bhagat
- Awfis
- Tata Group
- JSW Group
