Launch Overview
Piramal Realty, the real‑estate arm of the Piramal Group, announced on 23 July 2026 the launch of Phase 2 of its integrated premium residential community, Piramal Vaikunth, located in Balkum, Thane. Phase 2 is projected to generate a gross development value (GDV) of approximately ₹4,700 crore, with total project investment estimated at ₹3,600 crore.
Project Details
The first residential tower of Phase 2 offers 2‑ and 3‑bedroom units and is positioned adjacent to the 21‑acre NaMo Grand Central Park. The development benefits from proximity to several upcoming transport projects, including Thane’s Metro Line 4 and Line 5, the proposed Thane Ring Metro, the Thane‑Borivali Twin Tunnel, the Eastern Freeway Extension, the Thane Coastal Road and the planned Thane‑Navi Mumbai International Airport Elevated Corridor.
Track Record
Since the inaugural handover in November 2022, Piramal Realty has delivered 14 residential towers comprising about 3,000 homes, Thane’s first ISKCON temple (Sri Sri Radha Govindadeva Mandir), a 50,000 sq ft clubhouse (Club V), and the majority of core infrastructure for the Piramal Vaikunth project.
Management Comment
Abhijeet Maheshwari, Chief Executive Officer of Piramal Realty, stated that “design lays the foundation, but consistent delivery is what builds trust and transforms a project into a thriving community,” adding that the company’s “Built. Delivered. Thriving.” campaign reflects this philosophy.
Regulatory Information
The project is registered with MahaRERA under number PR1332022601156 (Cluster 3, Tower 3).
About Piramal Realty
Founded in 2012, Piramal Realty is the development arm of the Piramal Group and currently has roughly 12 million sq ft of residential real‑estate under development in and around Mumbai, focusing on design, quality, safety and customer centricity.