Piramal Realty Inks Mega Deal with Pantaloons in Mumbai

Property Updates

Leading real estate developer Piramal Realty has recently inked a mega commercial deal with Pantaloons, a renowned leading retail arm of Aditya Birla Fashion and Retail in Mumbai. Under the deal, Pantaloons has leased 1.1 lakh square feet of commercial space at Piramal Agastya corporate park. The retail space which was later in Andheri will now be shifted to Kurla.

Located in Kurla Mumbai, Piramal Agastya corporate park is spread over an area of 16 acres and comprise of non-IT commercial offices and business centers of leading corporates.

Signing the deal, Gaurav Sawhney, President, Sales & Marketing, Piramal Realty, said, “With some major recent developments, Kurla is now a mix of residential, commercial as well as industrial spaces. The presence of a high-end retail brand like Pantaloons will attract a great footfall.”

Piramal Agastya is designed keeping in mind the best state-of-the-art features that gel with nature and professional environment. The architecture follows the principle of Biophilia, which seeks to connect human life and nature. Some of the leading corporates who already have their offices here are Innova8, Piramal Enterprise, and Piramal Learning University.

On association with Piramal Realty, Sangeeta Pendurkar, CEO, Pantaloons, said, “We are happy to shift in our new office soon. The office space is well-designed with beautiful décor and will also provide smooth connectivity to our employees. It also has multi-cuisine food courts and landscaped gardens that promote a healthy working environment. We are confident that the new workplace will support productivity and ease of work, bringing new energy to the employees.”

Piramal Agastya is strategically located in the leading business district of Kurla and hence enjoys excellent connectivity to Santacruz Chembur Link Road (SCLR), the business district of Powai and Bandra-Kurla Complex.