Rajeev Piramal, VC & MD, Peninsula Land said, realisations for the Mumbai project launched in Q2 have risen by 15-20 percent.
The company is planning to launch three projects in Mumbai, two in South Mumbai and one in Central Mumbai soon.
Rajeev Piramal, Executive Vice Chairman at Peninsula Land says the company is on track as far as its overall plans and targets. Piramal expects Mumbai to contribute significantly to Peninsula's revenues this year.
Alok Industries gained as much as 3.3 percent on Wednesday after its subsidiary sold some floors in Peninsula Business Park located in Mumbai.