India Property News-India Real Estate News Weblog at IndiaPropertyNews.co.cc

13 December 2007

Piramal Group Enters the Real Estate Market

Piramal Enterprises, part of the Ajay Piramal Group, is planning to develop properties in Mumbai's central and northern regions. The company has set up a joint venture (JV) with Sunteck Realty, Mumbai-based real estate developers. The move comes close on the heels of Ashok Piramal Group-formed after a formal family settlement with the Ajay Piramal group-- to develop areas near Lower Parel in Central Mumbai as an IT park. The new projects would be both commercial as well as ultra-luxury residential. Mumbai's central areas, in and around Grant Road, Parel and Tardeo are in for major development, according to recent reports. The JV, called Piramal Sunteck Realty Pvt. Ltd. will focus on realty projects in locations in metros and select tier-II cities across the country, according to a release from the company. The names of the cities were not specified. The JV will have a corpus of Rs 1000 crore. The first project would a commercial-***-Information Technology (IT) park of over ten lakh square feet at Sion, Mumbai, near Dharavi in North Central Mumbai. In addition to ultra luxury residential projects, Piramal Sunteck Realty Pvt. Ltd. will develop commercial projects, mixed-use townships and Special Economic Zones (SEZ).

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# PP Gupta said:

Could some one clarify how would this be different from Indiareit Fund raised by Ajay Piramal group?

Is this an extension of investment of funds mobilised thru Indiareit for non-residents indians??

29 December 07 at 6:16 AM
# PP Gupta said:

How is this different from Indiareit fund floated by Ajay Piramal? Will the funds raised by Indiareit be used for this as well??

29 December 07 at 6:31 AM
# maheshwar said:

Dear Sir/s,

We introduce ourselves as one of the leading marketeers of lands catering to the nedds of all organizations, who are looking to set-up & establish various industries in our City and also at Vijayawada & Visakhapatnam. Presently we have land at the following sites:

I.     HYDERABAD:

      i).     Gachibowli

     ii).     Nanakramguda

    iii).     Poppalguda

    iv).     Manikonda

    v).     Kokapet

    vi).     Narsing

   vii).     Tellapur

  viii).     Shamshabad

   ix).     Maheswaram

    x).     Sangareddy

   xi).     Sadashivpet

II.      VISAKHAPATNAM

    i).     Madhurawada

   ii).     Vizag to Bheemlipatnam (Beach Raod)

  iii).     Anandapuram

  iv).     Tagarapuvalsa

  v).      Pendurthi

 vi).      S. Kota

We shall arrange to have direct talk with some of the onwer/s for purchase of lands. We have dedicated and hardworking team of staff to cater your requirements at all times.

We hope & trust that you would give us an opprotunity to offer our services to all your endeavours.

Looking forward to hear from you in this regard.

Thanking you,

Yours faithfully,

for landking_landking@yahoo.com

M. MAHESHWAR

23 February 08 at 8:08 PM
# Neeraj said:

I have heard about that group in the Real estate market.Anyone can provide me the full details of that group ?

21 May 08 at 5:31 PM

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