Piramal Realty Launches Phase 2 of Piramal Vaikunth with ~₹4,700 Crore GDV Potential
Piramal Realty, the real estate arm of the Piramal Group, has launched Phase 2 of its integrated premium residential community Piramal Vaikunth in Balkum, Thane, with a Gross Development Value (GDV) potential of approximately ₹4,700 crore. The first residential tower under Phase 2 offers 2 and 3 BHK residences, with a total project investment estimated at ₹3,600 crore. The launch builds on the successful delivery of Phase 1, which included 14 residential towers, 3,000 homes, Thane's first ISKCON temple within a residential development, a 50,000 sq ft clubhouse, and core infrastructure. CEO Abhijeet Maheshwari emphasized the company's philosophy of 'Built. Delivered. Thriving.' The project benefits from improving connectivity via upcoming Metro lines, the Thane-Borivali Twin Tunnel, and other infrastructure projects in the Mumbai Metropolitan Region.
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