Piramal Realty to acquire 3.2 acre land from Nirmal Lifestyles for Rs. 153 Crores

Piramal Realty, real estate arm of the Piramal Group, will buy a 3.2-acre land parcel in Mulund suburb of Mumbai from Nirmal Lifestyles for Rs 153 crores. This land parcel is located, adjacent to Piramal Revanta – an existing residential project in Mulund. Piramal Realty has pegged its investment for the existing project Piramal Revanta at around Rs 1,800 crores. “This strategic land acquisition will now significantly benefit existing and potential customers with a direct access to the 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,” said Anand Piramal, Executive Director, Piramal Group.