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 Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?