₹4,700 Cr GDV: Piramal Realty Launches Vaikunth Phase 2 in Balkum

Piramal Realty has officially announced the launch of Phase 2 at its flagship residential development, Piramal Vaikunth, located in Balkum, Thane. With a Gross Development Value (GDV) potential of approximately ₹4,700 crore and a planned investment of ₹3,600 crore, the new phase reinforces the developer's strong commitment to Thane's booming real estate market.

The newly introduced first tower in Phase 2 features premium 2 and 3-BHK residences directly adjacent to the sprawling 21-acre NaMo Grand Central Park. Designed as a holistic urban ecosystem, Piramal Vaikunth has already delivered 14 residential towers and handed over nearly 3,000 homes since November 2022.

Residents benefit from world-class community infrastructure, including Club V—a massive 50,000 sq. ft. clubhouse—and Thane's first ISKCON temple situated inside a residential township. The project offers exceptional regional connectivity via upcoming infrastructure developments such as Thane Metro Lines 4 & 5, the Thane Ring Metro, the Thane-Borivali Twin Tunnel, Eastern Freeway Extension, Thane Coastal Road, and the proposed Navi Mumbai International Airport elevated corridor.

News by Rahul Yelligetti.