Piramal Realty Launches Phase 2 of Piramal Vaikunth with ~ ₹4,700 Cr GDV Potential
Piramal Realty has launched the second phase of its Piramal Vaikunth residential project in Thane, India, with a projected gross development value of ₹4,700 crore. The expansion follows the successful delivery of the project's first phase and includes new residential towers and infrastructure.
Why it matters
This development reflects the ongoing growth of the premium real estate market in India's urban micro-markets, driven by improved connectivity and infrastructure projects.
MUMBAI, India, July 23, 2026 /PRNewswire/ -- Piramal Realty, the real estate arm of the Piramal Group, has launched Phase 2 of Piramal Vaikunth , its integrated premium residential community in Balkum, Thane , with a Gro ss Developmen t Value (GDV) potentia l of approximately ₹4,700 Cr .
The company has launched the first residential tower under Phase 2, offering thoughtfully designed 2 and 3 Bed residences w ithin Piramal Vaikunth, located next to the 21-acre NaMo Grand Central Park. The total project investment for phase 2 is estimated at ₹3,600 Cr.
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