House is a good investment if one has a three-year horizon: Anand Piramal

Piramal says the company would look at a CAGR of 20 per cent over the next decade, despite the subdued property markets

Piramal Realty has announced a four-fold sales jump in calendar year 2018. ANAND PIRAMAL, founder and a non-executive director at Piramal Enterprises, tells Raghavendra Kamath the company would look at a CAGR of 20 per cent over the next decade, despite the subdued property markets. Edited excerpts:

Where does Piramal Realty stand in the hierarchy of developers?

We are the second largest property developer in Mumbai in terms of sales and among the top five in the country.

Your plans?

To double the size of our portfolio in the next two years. Currently, we are developing 15 million sq ft.  We are also looking