Piramal Realty Taps Abhijeet Maheshwari as New CEO to Drive Growth
Piramal Realty appoints Abhijeet Maheshwari as CEO, bringing 18 years of experience in real estate to lead the company's growth and success
Real EstatePiramal RealtyAbhijeet MaheshwariCeoMumbaiProperty MarketReal Estate MaharashtraJul 02, 2024
A distinguished alumnus of the prestigious TAS leadership programme (batch of 2006), Maheshwari brings a wealth of experience across various facets of the real estate industry. His expertise spans the entire real estate spectrum, encompassing business development, fundraising, approvals, design, sales, leasing, execution, and delivery in residential, retail, and commercial sectors.
Founded in 2012, Piramal Realty is one of the country's leading developers with 13 million sq ft of residential real estate under development in and around Mumbai. Some of Piramal Realty's projects include Piramal Aranya (Byculla), Piramal Mahalaxmi (Mahalaxmi), Piramal Vaikunth (Thane), and Piramal Revanta (Mulund).
The Mumbai real estate market has been witnessing steady growth, with property registrations increasing by more than 11% to 11,443 in June 2024 from 10,319 a year earlier. Stamp duty collections from property registrations in Mumbai real estate market also went up by over 15% to ₹986 crore in May 2024 from ₹859 crore last year in June 2023.
Mumbai recorded the third highest year-on-year (YoY) growth in prime residential prices in Q1 2024, pushing it up the ranking table by three places to 3rd position from its 6th position in Q1 2023, according to Knight Frank’s Prime Global Cities Index.
Information
Piramal Group is a leading Indian conglomerate with a presence in various sectors, including real estate, pharmaceuticals, and financial services.
Piramal Realty is the real estate arm of the Piramal Group, founded in 2012. The company is committed to creating high-quality residential and commercial spaces that enhance the quality of life for its customers.
Frequently Asked Questions
Who is the new CEO of Piramal Realty?
Abhijeet Maheshwari
What is the career span of Abhijeet Maheshwari?
Over 18 years
What is the total area of residential real estate under development by Piramal Realty?
13 million sq ft
What is the percentage increase in property registrations in Mumbai real estate market in June 2024?
More than 11%
What is the ranking of Mumbai in terms of year-on-year (YoY) growth in prime residential prices in Q1 2024?
3rd position
Related News Articles
Metropolitan Momentum: Maharashtra Allocates Rs.11.63 Billion for Mumbai Metro-3 Project
The Indian state of Maharashtra has sanctioned a massive fund for the Mumbai Metro-3 project, aiming to accelerate the construction and enhance the city's infrastructure.
Early-Stage Housing Projects Attract Institutional Investors in Mumbai
Institutional investors in Mumbai's residential real estate sector are now focusing on early-stage projects, reflecting confidence in long-term growth.
MNS Eyes 20 Seats in Maharashtra Assembly Polls, May Field Raj Thackeray's Lieutenant in Worli
Raj Thackeray-led Maharashtra Navnirman Sena (MNS) demands 20 seats from BJP, may field Sandeep Deshpande against Aaditya Thackeray in Worli
Goa's Land Use Law Change Sparks Concerns of Environmental Degradation and Favouritism to Real Estate Lobbies
The amendment to the TCP Act has raised red flags among urban planners and activists, who argue that it will lead to the destruction of hill slopes, fields, and natural cover in favour of real estate lobbies and a speculative housing market.
Mahindra Group Secures ₹950 Cr Redevelopment Deal in Mumbai
The Mahindra Group has announced a significant ₹950 crore redevelopment project in Mumbai, boosting the company's real estate portfolio and attracting investor attention. This deal underscores the group's strategic focus on urban redevelopment and growth
Suraj Estate Developers Unveils Premium Residences in Mumbai's Mahim
Real estate company Suraj Estate Developers has launched a new premium residential project called 'The Sky Residences' in Mumbai's Mahim. The campaign, 'The Higher Life Begins,' promises to redefine luxury living in the heart of the city.