Piramal Realty Forays into Commercial Real Estate – Feedback

Piramal Realty, the real estate development arm of Piramal Group, has forayed in the commercial real estate segment. The developer has launched a corporate park located on the arterial LBS Road in Kurla suburb of Mumbai.

“Complementing the success of our residential properties, we are now creating a commercial landmark that will lay solid foundation for a unique business culture. Kurla is a rapidly changing urban blend of residential colonies, industrial estates and commercial enclaves. We believe, Piramal Agastya will add to the overall socio-economic development of the landscape and break new ground as the business environment of the future,” said Anand Piramal, executive director, Piramal Realty. For phase I of this project, the company has borrowed Rs 700 crore in loan syndication with Standard Chartered Bank being the lead banker.

http://economictimes.indiatimes.com/industry/services/property-/-cstruction/piramal-realty-forays-into-commercial-real-estate/articleshow/53433192.cms

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *