Piramal Realty, the real estate arm of the Piramal Group, will be spending Rs 1,800 crore on its residential project spread over 8.4 acre in Mulund suburb of Mumbai, said a top company official.
This is part of the company’s total planned investment of Rs 16,000 crore for executing projects and buying land parcels over the four years starting 2016. Out of total Rs 1,800 crore investments, around 25% is the land cost, while rest will be spent on construction and project execution.
Read more: The Economic Times
