Piramal Realty (PRL), the real estate development arm of Piramal Group, on March 28, 2018, announced the launch of Piramal Mahalaxmi, its flagship project in south Mumbai. Tower 1 of the project will have over 300 units, with a majority of residences offering views of the Mahalaxmi Racecourse, as well as the Arabian Sea, Willingdon Golf Course and Mumbai harbour. The 63-storeyed tower will offer two and three-bedroom residences, with a range of amenities such as infinity pools, podium garden, landscaped outdoor terraces, sports hall and jogging and cycling tracks.
With over two million sq ft of development, it is set to be one of the largest premium residential developments in south Mumbai. Piramal Realty will invest Rs 2,600 crores in this development. Piramal Realty has partnered with internationally acclaimed organisations, for the design and development of Piramal Mahalaxmi.
Speaking about the launch, Anand Piramal, executive director, Piramal Group and founder, Piramal Realty, said, “Piramal Mahalaxmi is the perfect fusion of rich culture and a cosmopolitan heart. Piramal Mahalaxmi offers units that are designed based on market demand.”
Naaman Atallah, CEO, Piramal Realty, added, “Piramal Mahalaxmi is built on our core foundations of quality and customer centricity. We aim to introduce innovative, world-class design and development at competitive prices.”