Piramal Realty has sold more than 250 units of residential apartments worth Rs 1,500 crore in its venture at South Mumbai. The organization is building up the venture ‘Piramal Mahalaxmi‘ mutually with Omkar Realtors with an investment of Rs 2,600 crore.
Piramal Realty accomplished bookings of 200 units on the first day of the project launched on April 10, 2018. The beginning cost in this venture is Rs 2.9 crore. this venture is intended to proffer opulent homes at most reasonable prices. Through this development, they’ll offer their clients a chance to purchase a home/put resources into South Mumbai.
Piramal Realty, the realty division of Piramal Group, has at present more than 15 million sq ft of land being worked on. Goldman Sachs and Warburg Pincus, two universal equity partners, have put about USD 434 million in the organization, which is one of the biggest private equity investments in the Indian realty business
