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Piramal Realty has acquired a land parcel in Mumbai's suburb Mulund for Rs 153 crore from Nirmal Lifestyles. The 3.2 acre land is located, adjacent to Piramal Revanta – an existing residential project in Mulund.
Anand Piramal, Executive Director, Piramal Group, said, “This strategic land acquisition will now significantly benefit existing and potential customers with direct access to development from LBS Marg – the main access road, and a larger layout with more open spaces, additional amenities and reduced density. We continue to explore opportunities that ultimately help us contribute to customer delight.”
Piramal Realty has pegged its investment for Piramal Revanta at approximately Rs 1,800 crore. The company has awarded the project contract to Eversendai, a global organisation in undertaking turnkey contracts, delivering high-rise buildings, and infrastructure across Asian and West Asian regions.
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