On Friday, Piramal Sunteck Realty Pvt. Ltd succeeded a tender offer by CIDCO (City and Industrial Development Corporation of Maharashtra Ltd) for an 8,230 square meter area in Airoli on Palm Beach Road located in Navi Mumbai, for Rs 75 crore.

According to a press release issued here stated that PSPRL is a joint venture amid the Suntech Realty Ltd and Ajay Piramal Group. Piramal Sunteck Realty comes out as the captivating bidder in the tender procedure by contributing Rs 91,116.99 per square meter along with the second-biggest bid citing Rs 88,900 per square meter.

Piramal Sunteck has above 20 million square feet in progress with finest inhabited and marketable property athwart city-focused position in Mumbai, Jaipur and Nagpur.

The group was initiated in the year 2007 amid the Ajay Piramal Group, a foremost Indian multinational with process straddling healthcare, pharmaceutical and glass, and Sunteck Realty, which is one of Mumbai's finest real estate builder guided by Kamal Khetan.

The executive director of PSRPL's, Khushru Jijina, expressed that this property provides them with the offer to glee its customers in Airoli once again.