New Launch
Piramal Vaikunth Vidhaan in Balkum, Thane: Launch Details and Terms
Piramal Realty launched Phase 2 of its Piramal Vaikunth township in Balkum, Thane West, on 23 July 2026, with Cluster 3 Tower 3 (also called Cluster 3B) as the first residential tower of the phase. As of 31 October 2026, the launch is about three months old, and the developer's Phase 2 page describes the project as pre-launch.
| Status | New Launch. Phase 2 launched on 23 July 2026 (as of 31 October 2026) |
|---|---|
| Developer | Piramal Realty, the real estate arm of the Piramal Group |
| Location | Balkum, Thane West, Thane, Maharashtra |
| Configurations | 2 BHK (754 to 795 sq ft carpet) and 3 BHK (1,063 to 1,202 sq ft carpet) |
| Listed starting prices | 2 BHK from Rs 1.57 crore; 3 BHK from Rs 2.29 crore |
| RERA registration | MahaRERA PR1332022601156, registered 13 July 2026 (Cluster 3, Tower 3) |
| Expected possession | October 2032, per the developer |
| Tower height | 51 storeys |
Launch and project status
Piramal Realty announced the launch of Phase 2 of Piramal Vaikunth, its integrated residential community in Balkum, Thane, on 23 July 2026. The phase has a gross development value of about Rs 4,700 crore and a total estimated investment of Rs 3,600 crore. Phase 2 follows Phase 1, which covers Clusters 1 to 4A.
The launch comprises one residential tower so far: Cluster 3, Tower 3, which the developer also refers to as Cluster 3B. The tower is registered with MahaRERA under number PR1332022601156. The registration date is 13 July 2026, ten days before the launch announcement.
The developer's Phase 2 page describes the project as pre-launch. Pre-launch booking is also described on the developer's blog, which gives no start date for bookings.
Configurations and listed prices
The tower offers two configurations, both with private decks according to the developer's description:
| Configuration | Carpet area | Listed starting price |
|---|---|---|
| 2 BHK | 754 to 795 sq ft | From Rs 1.57 crore (754 sq ft) and Rs 1.77 crore (795 sq ft) |
| 3 BHK | 1,063 to 1,202 sq ft | From Rs 2.29 crore (1,063 sq ft) and Rs 2.59 crore (1,202 sq ft) |
The prices are starting figures from a price sheet. The developer's Phase 2 page advertises a payment plan that asks for 9.90 per cent upfront with no further payments for two years, along with an offer of Rs 3 lakh off on 2 BHK homes and Rs 5 lakh off on 3 BHK homes, and 50 per cent off stamp duty. These offers are stated on the developer's page and are subject to its terms.
Possession and approvals
The developer gives October 2032 as the expected possession date for Cluster 3B. The MahaRERA registration record does not give a separate possession date for this tower.
Cluster 3 has already received its occupancy certificate. Cluster 3B itself has not yet received an occupancy certificate. Piramal Vaikunth as a whole has a commencement certificate listed on a property portal, though that page does not tie it to Cluster 3B specifically.
Location and connectivity
Balkum sits in Thane West, and the township's site address is given as Old Mumbai-Agra Road, near Shivaji Nagar and Balkum Naka. The developer lists the following distances from the site:
- Eastern Express Highway: about 1.3 km
- Kapurbawdi metro station (proposed): about 0.5 km
- Thane railway station: about 25 to 40 minutes by the developer's commute table
Balkum Naka is the second station on Metro Line 5 (Thane to Bhiwandi to Kalyan, the Orange Line), which the developer says is expected to enter service in 2026. The site also lies along the Mumbai to Nashik expressway. The Thane Ring Metro has a station at Balkum Naka.
Township and amenities
The township covers about 32 acres and keeps up to 40 per cent of its area as open space. The 50,000 sq ft clubhouse, Club V, opened in September 2024 and is open to all residents without a separate paid membership. Listed facilities include a swimming pool, squash and badminton courts, a gymnasium, a cycling track, a kids play area, a library and business centre, a banquet hall, a cafeteria, and 24-hour security.
The township sits next to the 21-acre NaMo Grand Central Park. Thane's first ISKCON temple, Sri Sri Radha Govindadeva Mandir, is located within the township. Hafeez Contractor is named as the architect.
Locality market context
A Square Yards listing for Balkum Pada, last updated in June 2026, shows an average asking price of Rs 18,950 per sq ft. For the same township's Vidit tower, the same source shows 2 BHK rents of Rs 32,000 to Rs 40,000 a month as of June 2026.
Thane city recorded a supply of 13,961 units in Q2 2026, up 41 per cent year on year, and sales of 16,386 units, up 10 per cent, according to PropEquity data reported by Business Standard.
Earlier Piramal Vaikunth towers are priced differently. A Cluster 3 Tower 2 listing shows Rs 15,500 per sq ft with possession in December 2026. A Cluster 3 Tower 1 listing shows Rs 23,417 per sq ft with possession in 2026.
Infrastructure in progress
The Thane Internal Ring Metro is a 29 km loop with 22 stations, with Balkum Naka and Balkumpada among them. The project's cost is given as Rs 12,200.10 crore, and it is under construction with operation expected by 2029. The Thane to Borivali twin tunnel, the Eastern Freeway extension and the Thane coastal road are also named as connectivity projects. The Thane to Navi Mumbai airport elevated corridor is proposed.
Developer background
Piramal Realty was founded in 2012, according to its launch release, and works mainly in the Mumbai Metropolitan Region. The company says it has about 12 million sq ft of residential space under development in and around Mumbai.
The first handover in Piramal Vaikunth began in November 2022. An occupancy certificate for Cluster 1 was received on 7 February 2023, and the company received occupancy certificates for Piramal Vaikunth, Piramal Revanta and Piramal Aranya in May 2023. The developer says 14 residential towers have been delivered across Vaikunth as of July 2026. Clusters 1, 2, 4 and 4A are delivered, and Cluster 3 is nearing possession.
Development phases
Frequently asked questions
What is the status of Piramal Vaikunth Vidhaan?
Piramal Realty launched Phase 2 of Piramal Vaikunth on 23 July 2026, with Cluster 3, Tower 3 as its first residential tower. The developer's Phase 2 page describes the project as pre-launch.
What configurations are offered?
The tower offers 2 BHK homes with carpet areas of 754 to 795 sq ft and 3 BHK homes with carpet areas of 1,063 to 1,202 sq ft.
What are the listed prices?
Listed starting prices are Rs 1.57 crore for a 754 sq ft 2 BHK and Rs 2.29 crore for a 1,063 sq ft 3 BHK. Prices for the larger units are higher.
When is possession expected?
The developer gives October 2032 as the expected possession date for Cluster 3B. The MahaRERA record does not list a separate possession date for this tower.
What is the RERA registration?
The tower is registered with MahaRERA as PR1332022601156 for Piramal Vaikunth, Thane, Cluster 3, Tower 3. The registration date is 13 July 2026.
How far is the project from metro and highway links?
The developer lists the Eastern Express Highway at about 1.3 km and the proposed Kapurbawdi metro station at about 0.5 km. Balkum Naka is a station on Metro Line 5 and on the Thane Ring Metro.