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Piramal Realty inks 1.1 lac sq-ft deal with Aditya Birla Fashion and Retail

Spread over 16 acres, Piramal Agastya is one of Mumbai’s largest non-IT commercial developments

Piramal Realty, Piramal Group, Pantaloons, Aditya Birla Fashion and Retail, Piramal Agastya corporate park, Andheri, Kurla, Santacruz Chembur Link Road, Bandra Kurla Complex, Powai, Innova8, Piramal Learning University, Gaurav Sawhney, Sangeeta Pendurkar

Piramal Realty, the real estate development arm of Piramal Group, announced one of the largest commercial deals of recent times with Pantaloons, a vertical within Aditya Birla Fashion and Retail, for the latter to lease 1.1 lac sq-ft of commercial space at Piramal Agastya corporate park, a state-of-the-art commercial facility by Piramal Realty. Under this deal Pantaloons moved from Andheri to the fast-growing business district of Kurla in Mumbai.

Spread over 16 acres, Piramal Agastya, a state-of-the-art corporate park is one of Mumbai’s largest non-IT commercial developments in Kurla. The corporate park is at the epicenter of key infrastructure developments in Mumbai and provides great connectivity to Santacruz Chembur Link Road (SCLR), Bandra Kurla Complex and the business district of Powai. Some of the marquee clients with their offices in the corporate park are Piramal Enterprise, Innova8, and Piramal Learning University.

Welcoming Pantaloons, Gaurav Sawhney, president sales & marketing, Piramal Realty, said, “Kurla is rapidly changing with its urban blend of residential, industrial and commercial estates. Piramal Agastya adds to this overall socio-economic development with its meticulously crafted layout and innovative biophilic designs.”​

He added, “We are glad to associate with a high-end fashion and retail brand like Pantaloons and welcome them on board. For companies on a higher growth trajectory, it is important to keep in mind employee satisfaction by providing them with a comfortable work atmosphere.”

Sangeeta Pendurkar, CEO, Pantaloons, said, “The new centrally located office will ease the commute for our employees and the contemporary décor combined with meticulously crafted workspaces will boost productivity. The new work place boasts of amenities such as operational multi cuisine food courts and landscaped gardens to ensure that our employees can enjoy a healthy working environment. As a company, we imbibe our core values of integrity, commitment, passion, speed and seamlessness in all our business and strategic decisions, thus creating an ambience of openness, enthusiasm and vibrancy within the organisation. We are confident that the new workplace will support productivity and ease of work, bringing new energy to the employees.”

Piramal Agastya is spread over 16 acres of land in Mumbai and with Pantaloons coming on board, over 50% of space is occupied at the corporate park. The space is designed with an aim to provide a balance between nature and professional environment. The design adheres to the principle of Biophilia, which seeks to connect human life and nature. The plush facilities and amenities include operational multi cuisine food courts, common boardroom facilities and multi-level parking. The facilities will also include a gym and crèche in the near future.

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September 2019
10 Sep 2019