Piramal Realty Launches Phase II of Piramal Vaikunth in Thane

After Piramal Vaikunth’s successful Phase I launch in September 2015 at Balkum, Thane,  Piramal Realty, the real estate arm of the Piramal Group, is now launching 170 apartments at its residential towers Vahin (INR 9040/sq.ft.) and Vrisa (INR 9280/sq.ft.) as part of Phase II.

The above prices are limited to the first 40 units only, for which the bookings have commenced from June 18, the company said in a release.

The 2-bed and 3-bed apartments on offer range from a carpet area of 908 sq.ft. to 1262 sq.ft. Each residence is fully air-conditioned, offering quality marble flooring in the living-room and bedroom, and private balconies. Both towers are positioned directly in front of the clubhouse and offer panoramic views of Thane creek.

Piramal Vaikunth is a residential complex spread over 32 acres, featuring high-rises, townhouses, world-class facilities. The development intends to provide residents with a temple, a retail boulevard, a community center, multi-purpose badminton and basketball courts, squash courts, swimming pools, mini cricket ground, state-of-art gymnasium, day care & crèche, cafes & restaurants, convenience stores, guest suites & banquet halls, etc.

Commenting on the launch Anand Piramal, Executive Director, Piramal Group said, “Piramal Realty aspires to be the most quality conscious and the customer-centric real estate company in India. There is a dearth of quality development in the city, and we have seen that there is a lot of potential for a high quality product. This is reflected in the overwhelming response we received for Phase 1 of Piramal Vaikunth, where we attracted buyers from South Mumbai, Western & Eastern Suburbs of the city as well as international markets such as USA, Singapore, London and Middle East.  Today, we have pre-launched Phase 2 of the project with two towers, Vahin and Vrisa, and look forward to receiving a positive response to our premium offerings.”

About Piramal Vaikunth

Piramal Vaikunth is a world-class residential complex, designed for community living, spread over 32 acres (3 million sq.ft.) at Balkum, Thane in metropolitan Mumbai. The project partners with leading firms such as Chicago-based architectural firm, HOK; London-based structural & services engineers, BuroHappold; vertical transportation partners, Lerch Bates; design architects, DSP Design; US-based project managers, Turner Construction Company; and traffic consultants, Systra MVA Consulting.

To enable community interaction and embrace nature, Piramal Vaikunth introduced two unique initiatives: the Vaikunth Flower Show and Piramal Art Residency. 

 

• The Vaikunth Flower Show is inspired by the Chelsea Flower Show UK, and showcases covering 1 million flowers over 140 species & 30 different types of trees from around the globe. The show has been rated by a leading media house, India Today, as one of the top-5 flower shows in the world. 

• Piramal Vaikunth is the first complex in Thane to host an Art Residency for artists to collaborate and create artworks in verdant surroundings. Launched in December 2015, it focuses on the need to build nurturing studio spaces for visual artists and give citizens an opportunity to engage with art in an interactive way.

Piramal Realty Launches 70-storey Signature Project Piramal Aranya at Byculla

Piramal Realty, the real estate development arm of Piramal Group, has launched its signature luxury project ‘Piramal Aranya’ at Byculla, Mumbai.  Reaching about 70-storey high, the residential skyscraper will be amongst the tallest buildings in the city.

Piramal Aranya is spread across 7 acres and has breathtaking views of the 60 acres of lush botanical gardens on the west and the picturesque Mumbai skyline and Mumbai Harbour on the East.

Over the lifecycle of this project, Piramal Realty will invest INR 4300 crores for its signature project and employ over 2000 people directly & 10,000+ people indirectly, a release said.

Piramal Aranya is adjacent to Jijamata Udyan, better known as the Byculla zoo, which just celebrated its 155th anniversary and boasts of 1200 species of flora and dense foliage, which makes this a unique opportunity to experience the abundance of nature in South Mumbai.

This is a limited pre-launch opportunity, between March 5 to March 22, for select luxurious 3 and 4 bedroom residences – that range from 1700 square feet to 2600 square feet carpet area, priced between INR 8 crore to INR 12 crore, respectively.

For the first 25 units, there is a special offer which will assure a price benefit of INR 30 lacs on 3 BHK and INR 40 lacs on 4 BHK over the pre-launch price. For this exclusive launch, the company has adopted a unique EOI (Expression of Interest) strategy that allows customers to understand the product proposition and register for the pre-launch offer with a token amount of INR 10 lacs only.

Anand Piramal, Executive Director, Piramal Group said:  “Piramal Aranya will be our company’s most significant residential development. We endeavour to build a world-class luxurious residential high-rise in the city. We have assembled one of the world’s best teams to deliver this project. The residential towers will be as good as any that you see in the finest cities of the world. We strive to delight our customers and be true to our core Piramal values and brand.”

Commenting on the location Anand added:

“Byculla is blessed with tree-lined avenues and several heritage buildings such as Bhau Daji Musuem, Magen David Synagogue, Gloria Church amongst others. It was also home to the Mumbai’s most prestigious club - The Byculla Club. We hope that with several new developments in tandem with Piramal Aranya, Byculla will once again emerge as the cultural nerve centre of the city. It enjoys easy access to South Mumbai via JJ Flyover and the Eastern Freeway that has opened connectivity to northern Suburbs and Navi Mumbai. We foresee it becoming the new hub for Mumbai’s elite.”

Piramal Aranya’s design is contemporary yet classical. Sophisticated landscape, private residences, dual aspect homes with light, space and ventilation, community spaces and outdoor terraces are artfully enhanced by rich and luxurious materials. Elegant and environmentally sound, each material has been selected to captivate and soothe the senses of its residents.

 Piramal Aranya has international partners such as:

Make Architects is an architectural practice based in the United Kingdom founded by Ken Shuttleworth and are Piramal Aranya’s principal architects. They are currently engaged in projects worldwide ranging from high rise offices to urban masterplans, Make Architects have also been ranked 46th in The Sunday Times 100 Best Small Companies to Work For & Practice of the Year - South East and London by the Architects Journal at the AJ100 Awards

Hirsch Bedner Associates leading the hospitality interior design industry since 1964, Hirsch Bedner Associates are the name behind The Ritz-Carlton at Dubai International Financial Centre, Waldorf Astoria, Shanghai and The Ritz-Carlton, Hong Kong.They have won numerous awards such as the Best Overall Resort Design for the Four Seasons, Seychelles which was one of the six awards won at the 2010 Hospitality Design Awards

BuroHappold who are world leaders in sustainable design are Piramal Aranya’s Lead Structural & MEP Consultants. This London-based firm was founded by the well-known Edmund Happold who before founding BuroHappold worked on projects such as the Sydney Opera House and the Pompidou Centre, Paris

EDSA who are the lead landscape architects for Piramal Aranya and have worked in almost 100 countries across the globe creating sustainable places to live, work, learn and play. Some of the projects EDSA has worked are the Dubai Opera House, Atlantis, Paradise Island in the Bahamas their legacy has grown in stature to one of the world’s most renowned landscape architecture firms

To ensure that the customer has peace of mind, a purchased unit can be returned to Piramal Realty, no questions asked, at 95 percent of the market value any time until possession. It is a concept that is unique in the real estate sector and is testimony to our belief in the quality of our homes.

Project highlights:

• Spread over 7 acres in metropolitan Mumbai, Piramal Aranya will be approximately 70-storey high 
• Spectacular views on both sides: overlooking the 60 acre lush botanical garden on the west and the animated Mumbai Harbour on the east
• With a construction area of 3.7 mn square feet, it is set to be one of the tallest and most significant developments in Mumbai
• Over the lifecycle of this project, Piramal Realty will invest INR 4300 crores for its signature project and employ over 2000 people directly & 10,000+ people indirectly
• In this launch phase, the luxurious residences range from 1700 square feet to 2600 square feet (carpet area), priced INR 8 crore upwards
• International project partners include: Make Architects – UK based Principal architects, Hirsch Bedner - UK for interior design, BuroHappold - for structure and MEP design and EDSA - landscape architect 
• Plush indoor amenities such as Gym, Spa, Table Tennis, Squash Court, Badminton Court, Mini Movie Theatre, Library, and Café
• Superior design features that offer natural light and ventilation, noise reducing double glazed windows and natural building materials

Piramal Realty launches luxury tower in Thane for Dubai NRIs

Piramal Realty, a Part of the USD 4 bn Piramal Group, has recently launched Vivaan, one of the Most Premium Towers of Piramal Vaikunth located in the heart of Thane, exclusively for the NRI residents from Dubai.

Offering 2 BHK residences starting from 949 Square Feet carpet area, the limited pre-launch offer is available for select residences for NRIs in Dubai, a release stated.

Piramal Realty is a a diversified conglomerate with interests in Healthcare, Real Estate, Glass Packaging and Financial services, has recently received the largest private equity investment in Indian real estate from Goldman Sachs and Warburg Pincus.

Piramal Vaikunth is Located in the heart of Thane within 25 kms of the Mumbai International Airport.

The booking for Piramal Vaikunth has commenced from November 20. 

Vivaan is situated within the residential complex of Piramal Vaikunth at Balkum, Thane, which is 25 km from Mumbai International Airport.

Warburg Pincus to Invest INR 1800cr in Piramal Realty

Piramal Realty, the Mumbai-based real estate development arm of Piramal Group, has  announced that the company is poised to receive a funding of INR 1800 crore from the leading global private equity fund Warburg Pincus which will seek minority stake in the company.

Commenting on the transaction, Anand Piramal, Piramal Group's Executive Director, said, "We are proud to partner with one of the world's leading private equity firms to build India's most admired real estate company, admired not just for its scale and profitability,

Niten Malhan, Co-Head of India, Warburg Pincus stated, "Warburg Pincus invests in companies with high growth potential and believes that Piramal Realty is best positioned to achieve leadership in one of the world's most attractive real estate markets. Piramal Group's strengths such as its strong values, its track record of creating long term value for stakeholders, its trusted brand, its ability to recruit great people, its emphasis on customer centricity and its reputation as strong deal makers are some of the reasons why the firm chose to invest in Piramal Realty."

Ajay Piramal, Chairman, Piramal Group added, "We are delighted to partner with Warburg Pincus for a second time: the first was when they invested in Piramal Healthcare in 1997, and now with Piramal Realty. Warburg Pincus' investment and expertise will raise the level of real estate in India to international standards, as it has done in other industries such as telecom, financial services and pharmaceuticals."

Founded in 2011, Piramal Realty has over 10 million square feet under development in prime areas of Byculla, Thane, Worli, BKC and Mulund.

Warburg Pincus is a leading global private equity firm focused on growth investing. The firm has more than US$35 billion in assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography.