Piramal Realty Launches Phase 2 of Piramal Vaikunth With ₹4,700 Crore GDV Potential
Mumbai, July 22, 2026: Piramal Realty, the real estate development arm of the Piramal Group, has launched Phase 2 of its premium residential community, Piramal Vaikunth, located in Balkum, Thane. The second phase carries an estimated Gross Development Value (GDV) potential of approximately ₹4,700 crore, with total project investments estimated at ₹3,600 crore. As part of the initial phase two rollout, the developer has introduced its first residential tower featuring two- and three-bedroom apartments situated adjacent to the 21-acre NaMo Grand Central Park, Piramal Realty said in a press release.
The new launch builds on the operational footprint of Phase 1, where deliveries commenced in November 2022. To date, the company has completed 14 residential towers comprising 3,000 homes, alongside core project infrastructure, a 50,000-square-foot clubhouse named Club V, and an in-complex ISKCON temple (Sri Sri Radha Govindadeva Mandir). The development benefits from upcoming regional connectivity projects, including Thane Metro Lines 4 and 5, the proposed Thane Ring Metro, the Thane-Borivali Twin Tunnel, the Eastern Freeway Extension, and the Thane Coastal Road.”
At Piramal Realty, we believe the true value of a development is realised only after people begin living in it. Design lays the foundation, but consistent delivery is what builds trust and transforms a project into a thriving community. With Phase 2 of Piramal Vaikunth, we are building on an established community where quality infrastructure, open spaces and social amenities are already in place. Our ‘Built. Delivered. Thriving.’ campaign reflects this philosophy and the journey of Piramal Vaikunth over the years. As we continue to shape the next chapter of Piramal Vaikunth, our philosophy remains the same – design leads us, but delivery defines us,” said Abhijeet Maheshwari, CEO, Piramal Realty.
