daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > Skyscrapers > Proposed Skyscrapers



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old March 6th, 2016, 01:32 PM   #1
Pals_RGB
Resigned
 
Join Date: Apr 2013
Location: Chandigarh | Bangalore | Guwahati
Posts: 5,904
Likes (Received): 8054

MUMBAI | Piramal Aranya | ?? m | 70 fl x 2 | App

Developer: Piramal realty
Location: Byculla, Mumbai
Floor count: 70 floors x 2
Height: Unknown

Official website



Quote:
Originally Posted by jinka sreekanth View Post
Piramal launches luxury proj in Mumbai, to invest Rs 4,300-cr
Press Trust of India | Mumbai


Piramal Realty today launched a luxury residential project 'Piramal Aranya' at Byculla in the megapolis and plans to invest Rs 4,300 crore for the same.

The company is expecting revenue of around Rs 8,000 crore over the next 4-5 years from the project, Piramal Group Executive Director Anand Piramal told PTI here.

Spread across seven acre, the company plans to develop a 70 storey tower with a construction area of 3.7 million sq ft. The prices of the apartments, 3BHK and 4BHK, range between Rs 8 crore and Rs 12 crore.

"In the past few years, we have seen an improvement in the market for luxury residential and people are ready to pay a premium for a good product. We will be investing around Rs 4,300 crore for the project, which will include cost of land, construction cost and cost incurred for approvals," he said.

He further said the work on the project is expected to commence in the next 1-2 months and is likely to be completed in 4-5 years.

"We expect to garner revenues of around Rs 8,000 crore over the next 4-5 years from the project," Piramal said.

When asked how the company plans to raise the funds, he said it will be a mix of debt and equity.

"It will be a mix of debt and equity. The equity portion will come from the promoters of Piramal Group including Goldman Sachs and Warburg Pincus who have invested around USD 434 million in the company, at the entity-level," he added.

The company has joined hands with international project partners like the US-based Make Architects, Hirsch Bedner from the UK for interior designing, BuroHappold for structure and MEP Design and EDSA as landscape architect.

Piramal further said the company has adopted Expression of Interest (EoI) strategy for the pre-launch of this project, which will allow customers to understand the product proposition and register for the pre-launch offer with a token amount of Rs 10 lakh.

businessstandard
__________________
Account waiting for deletion...

TowerVerre:), Seoul_Korea liked this post
Pals_RGB no está en línea   Reply With Quote

Sponsored Links
Old March 6th, 2016, 01:41 PM   #2
Pals_RGB
Resigned
 
Join Date: Apr 2013
Location: Chandigarh | Bangalore | Guwahati
Posts: 5,904
Likes (Received): 8054

2-3 years ago, 50 floors was the norm for high end residential skyscrapers. Now 70 floors has become the new norm for Mumbai.

Lots of 60-70 floor projects in the pipeline, all waiting for the right time to launch.
__________________
Account waiting for deletion...

TowerVerre:), Munwon liked this post
Pals_RGB no está en línea   Reply With Quote
Old March 7th, 2016, 04:15 PM   #3
Pals_RGB
Resigned
 
Join Date: Apr 2013
Location: Chandigarh | Bangalore | Guwahati
Posts: 5,904
Likes (Received): 8054

Slightly bigger and better render

__________________
Account waiting for deletion...

TowerVerre:) liked this post
Pals_RGB no está en línea   Reply With Quote


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 11:36 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu