Kalpataru Ltd Signs ₹1,400 Crore Redevelopment Project in Mumbai

Kalpataru Ltd has announced the signing of a redevelopment project in Andheri West, Mumbai, with an estimated Gross Development Value (GDV) of approximately ₹1,400 crore. The project involves the redevelopment of Shree Mahalakshmi CHS, located off Veera Desai Road. It spans around 3 acres of prime land and offers a potential carpet area of 0.4 million square feet.

The redevelopment project is situated in Andheri West, a well-established residential and commercial micro-market in Mumbai. The location benefits from excellent connectivity and a well-developed ecosystem, including reputed schools, colleges, healthcare facilities, retail destinations, entertainment hubs, and business districts.

This project is expected to contribute to Kalpataru’s development pipeline, supporting the company’s ongoing focus on redevelopment opportunities within the Mumbai Metropolitan Region. The fully residential development will offer residences designed to support contemporary lifestyles, with an emphasis on sustainability, modern amenities, and seamless connectivity.

Kalpataru Ltd is a prominent developer in Mumbai, Maharashtra, focusing on luxury, premium, and aspirational residential, commercial, and retail projects. The company has completed 83 projects, totaling over 23.3 million square feet of developable areas, and has 29 ongoing, forthcoming, and planned projects across approximately 41.2 million square feet in Mumbai, Thane, Panvel, Pune, and Hyderabad. Kalpataru benefits from the Kalpataru Group’s extensive experience in real estate, construction, and infrastructure sectors, along with its end-to-end execution capabilities and innovation.