Piramal Realty expands Revanta with Tower 5 in Mumbai

Piramal Realty has launched Tower Five, Raynav, at its flagship Piramal Revanta development in Mulund.

The new residential tower, nestled in a growing green micro-market, has recorded significant early sales, with over 50 percent of its inventory sold within months, and a notable 15 percent uptake by non-resident Indian (NRI) homebuyers. With this launch, the total sold residential space at Revanta has now crossed 1 million square feet, marking a substantial milestone for Piramal Realty, the real estate arm of the Piramal Group. The project, spread over 12 acres, is designed as a modern, eco-conscious township model that integrates urban luxury with biophilic architecture and sustainable design.

As of April 2025, three towers—1, 2 and 3—have already been delivered, with over 600 families in residence. Tower Four is slated for handover shortly, further cementing Revanta’s position as one of the fastest progressing residential projects in Mumbai’s central suburbs. Tower Five is expected to continue this momentum with its offering of 2BHK and 3BHK + study units, all equipped with deck spaces, catering to the post-pandemic preference for homes that blend private and semi-outdoor spaces. Raynav rises to 37 storeys and sits within ‘Vana’, a 3-acre private park embedded into the township’s broader 12-acre ecosystem. The project’s location at the intersection of Lal Bahadur Shastri Marg and the upcoming Goregaon-Mulund Link Road (GMLR) makes it strategically placed for connectivity, a vital factor in Mumbai’s real estate market where commuting times significantly influence buyer decisions.

While location and design have been key differentiators, what sets Piramal Revanta apart is its emphasis on low-density living and green open spaces, which remain rare in high-density cities like Mumbai. The development includes over 5.5 acres of amenities and maintains 30 percent of its total area as open green space, addressing both the spatial and ecological needs of modern urban families. A highlight of the project is Club Rasa, a 20,000 sq ft luxury lifestyle and wellness clubhouse, which has already been completed and handed over. A second 10,000 sq ft clubhouse is under construction, promising residents an expanded range of wellness, fitness and recreational facilities. These amenities, coupled with the project’s biophilic layout and design-led planning, appeal to discerning homebuyers seeking more than just four walls and a ceiling.

The launch also reveals shifting market trends in Mulund. Traditionally viewed as a quiet residential zone with limited aspirational housing, Mulund is now emerging as a preferred micro-market for mid to high-income housing, driven by infrastructure development and increasing demand from both domestic and international buyers. Experts point to the role of integrated townships like Revanta in redefining Mulund’s real estate character, transitioning it from a legacy suburb to a growth-oriented urban node. The developer’s leadership emphasised that the Revanta vision goes beyond housing—it aims to create a community model that harmonises modern living with sustainability. The township has been planned with rainwater harvesting systems, energy-efficient lighting, and designs that maximise natural ventilation and daylight, contributing to reduced energy usage. While not formally rated under India’s green building certification systems, its design intent reflects strong alignment with net-zero and climate-resilient urban planning principles.

Another key highlight has been the strong NRI response, which accounts for 15 percent of Tower Five’s sales. Real estate analysts attribute this trend to a renewed appetite for high-quality housing in India among overseas Indians, especially those seeking long-term lifestyle investments post-pandemic. For many, Mumbai remains a sentimental and financial anchor, and projects like Revanta offer the kind of world-class, professionally managed developments that meet international expectations. This surge in interest has been further supported by stable policy regimes, growing transparency in Indian real estate through RERA compliance, and an increasing shift toward branded developers who deliver on time and promise. Piramal Realty’s track record in delivering Towers 1 through 3, on schedule, appears to have played a significant role in cementing buyer trust.

Industry observers believe that the successful uptake at Tower Five indicates pent-up demand for quality suburban housing that offers both lifestyle and locational advantages. With Mumbai’s core areas becoming increasingly unaffordable and congested, the city’s growth story is expected to move northwards and eastwards—toward well-connected hubs like Mulund, where new infrastructure projects such as the GMLR, Metro Line 4, and road-widening projects are set to significantly enhance accessibility. The broader narrative here is not just about another tower launch but about the emergence of a more balanced, inclusive, and environmentally responsive approach to housing development in Mumbai. While challenges remain, particularly around ensuring equitable access to such housing models across income groups, Revanta’s success does offer a template for future urban residential planning—one that combines density control, ecosystem integration, and high urban liveability.

As Mumbai continues to wrestle with the consequences of unchecked vertical expansion and inadequate urban infrastructure, projects like Piramal Revanta demonstrate how private developers can play a critical role in advancing the city’s transition toward resilient, sustainable and humane urban habitats.

Piramal Realty expands Revanta with Tower 5 in Mumbai