Monday, 11 June 2012

Piramal Sunteck led by Mr.Kamal Khetan, wins Airoli plot tender bid for INR 75-crores

PIRAMAL SUNTECK Realty Pvt. Limited (PSRPL), a joint venture between Ajay Piramal Group and Sunteck Realty Ltd (led by Mr. Kamal Khetan), recently won a tender bid by CIDCO (City and Industrial Development Corporation of Maharashtra Ltd.) for a 8,230 square meter plot in Airoli on Palm Beach Road. Piramal Sunteck emerged as the winning bidder at the bid process by offering,116,99 per square meter with the second highest bid quoting,900 per square meter.

Khushru Jijina, Executive Director, PSRPL said, “A strategic location, iconic design, world-class features backed by the high quality Piramal Sunteck execution will ensure that we build another landmark.”
Added Kamal Khetan, Managing Director, PSRPL, “Our strategy has always been to acquire prime property across Mumbai. PSRPL has believed in the Navi Mumbai story and already has Signia Oceans, which has been well received by the market. We are happy to have acquired our second plot in Airoli, and believe that we now have the unique opportunity to develop one more value-added product and create significant value for our stakeholders.”

Piramal Sunteck Realty Pvt Ltd has over 20 million square feet under development with premium residential and commercial assets across city-centric locations in Mumbai, Nagpur and Jaipur

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