Piramal Enterprises’ arm Piramal Realty is reportedly expecting to garner Rs 5,300 crore revenue from its maiden commercial project. The company, which completed the first phase of the project, is open to develop more office spaces in the coming years.
The commercial real estate project, Agastya Corporate Park, is located on the arterial LBS Road, Kurla, in Mumbai. Additionally, Piramal Enterprises has bought close to 1.67 lakh sq ft space from Piramal Realty for an estimated Rs 439 crore. Piramal Enterprises will anchor its offices at Piramal Ananta in Agastya Corporate Park and is looking to consolidate its over 800 employees and their operations at the commercial hub.
Piramal Enterprises is one of the leading players globally in CRAMS (custom research and manufacturing services) as well as in the critical care segment of inhalation and injectable anaesthetics. It also has a strong presence in the OTC segment in India.
