November 13th, 2025, Balkum, Thane: Hundreds of families who invested in a premium residential project in Balkum, Thane, are now facing uncertainty as promised amenities remain unfulfilled. Buyers allege that key facilities, including a proposed ISKCON temple, Gurukul, learning center, and open spaces, are either incomplete or scaled down, leaving residents frustrated and financially burdened.
Homeowners claim that apartments marketed as temple-facing were sold at a premium, but with new construction underway, these views are expected to be blocked. Many families had purchased these apartments to provide their children with access to Gurukul education within the residential complex.
“At Piramal Vaikunth, we trusted the builder’s assurances and promotional materials. The brochure promised a 2.75-acre temple, but in reality, the ISKCON temple has been allotted just one acre,” said a resident, Rohit Sharma, who moved in last year.
The addition of new towers is expected to bring hundreds more families to the complex, raising concerns about overcrowding and disproportionate population density. Several residents have also reported construction-related issues such as water leakage and substandard quality.
Homeowners have launched a signature campaign and submitted formal complaints to the builder, urging immediate corrective action. “A home is more than just four walls. It’s a promise of trust, and that promise has been broken,” said another resident.
This case highlights the urgent need for stronger enforcement and transparency in India’s real estate sector, ensuring that buyers’ expectations and commitments made during sales are respected.
