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Piramal Realty Launches Piramal Mahalaxmi, its Flagship Project in South Mumbai

 Launches Tower 1 (MahaRERA P51900015854) with 2 & 3-Bed Residences, starting at INR 3.4 Crores

 Located in Mahalaxmi, this development will be one of South Mumbai’s largest premium residential
projects

 Majority of residences offer Lifetime Views of the Mahalaxmi Racecourse, Arabian Sea and
expansive Mumbai Harbour

 To collaborate with internationally acclaimed partners for design & development
Mumbai, April 02, 2018: Piramal Realty (PRL), the real estate development
arm of Piramal Group, announced the launch of Piramal Mahalaxmi, its
flagship project in South Mumbai. 

The development takes on the name of
the locality, Mahalaxmi, which is one of Mumbai’s most desirable and
sought-after addresses. The quintessential offering of this project is the
coveted Views- Lifetime Views of the 225 acre Mahalaxmi Racecourse,
uninterrupted views of the Arabian Sea on the horizon, Willingdon Golf
Course and the expansive Mumbai Harbour – at a highly competitive price.
With over 2 million square feet of development, Piramal Mahalaxmi offers
customers a slate of 2 & 3-Bed residences, 

. PiramalRealty will invest INR 2600 crores in this marquee development.

The newly launched 63 storeyed tower, with over 300 units, offers a range of world-class amenities, such  as swimming pools with infinite views, podium garden, landscaped outdoor terraces, gym, sports hall and  jogging & cycling tracks.

Piramal Group is a US$ 10 Bn global business conglomerate with interests in pharmaceuticals, financial services, information
management, glass packaging and real estate. Driven by its core values of Knowledge, Action, Care and Impact, the Group
steadfastly pursues inclusive growth, while adhering to ethical and value driven practices. Piramal Foundation, the Group’s
philanthropic arm, has initiatives in healthcare, water and education, across 21 states of India and has impacted over 88 million
lives till date, mostly in partnership with state governments. For more details, visit piramal.com
About Piramal Realty:
Piramal Realty, the real estate development arm of Piramal Group, has currently, over 15Mn sq.ft of land under development.
Goldman Sachs and Warburg Pincus, two international equity partners, have invested approx. US$434 million in the company, at
the entity-level, which is one of the largest private equity investments in Indian real estate.

The company aims to be the gold standard in design, quality, safety and customer centricity in both residential and commercial
real estate. Piramal Realty’s developments, while being cutting edge and contemporary, focus on embracing a more intuitive
definition of luxury, which celebrates nature, greenery, space, light, ventilation, art, culture and community living.

Piramal Realty’s Board of Directors include industry leaders like Ajay Piramal (Chairman of Piramal Group), Deepak Parekh
(Chairman of HDFC), Nitin Nohria (Dean of Harvard Business School), Robert Booth (former CEO of Emaar Properties PJSC, Dubai),
Subbu Narayanswamy (Director of McKinsey & Co. and head of the real estate/infrastructure practice in Asia) and Ankur Sahu,
(Managing Director & Co-Head of Private Equity – Asia Pacific, Goldman Sachs Inc.). The company collaborates with the world’s
leading architectural practices, and world-class contractors. For more details, visit www.piramalrealty.com