Anand Piramal, founder of Piramal Realty and executive director of Piramal Group, spoke to Mint on falling land prices, rising distressed in the market and how it has provided an opportune time to double its real estate portfolio. How do you see the entire consolidation in the real estate industry currently? After a long time prices are rational, particularly land prices. Effectively land prices have reduced by 10-15% since the last five years. Any good land parcel that fits into our strategy we are happy to look into.

Source: Mint May 16, 2019 04:30 UTC