Kalpataru inks ₹1,400 crore redevelopment project in Mumbai’s Andheri West

Realty firm Kalpataru Ltd on Thursday (March 12) said it has signed a redevelopment project for Shree Mahalakshmi CHS in Andheri West, Mumbai, with an estimated Gross Development Value (GDV) of around ₹1,400 crore.The project covers approximately 3 acres and will offer a total potential carpet area of about 0.4 million square feet. It is located off Veera Desai Road, a prime area in one of Mumbai’s well-established residential and commercial micro-markets.

The Andheri West location provides strong connectivity and a developed urban ecosystem. The neighbourhood is served by reputed schools and colleges, leading healthcare facilities, retail and entertainment hubs, and major business districts, adding to the project’s strategic appeal.Also Read: Kalpataru IPO full subscribed on day 3: Check GMP, allotment and other details

Kalpataru said the redevelopment is part of its ongoing focus on premium residential projects in key urban micro-markets, aiming to leverage prime land parcels for high-value developments.

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

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Kalpataru Ltd is part of the Kalpataru Group, which includes Kalpataru Projects International, Property Solutions (India), Shree Shubham Logistics, and their respective subsidiaries, among others.

Kalpataru focuses on the development of luxury, premium, and mid-income residential, commercial, and retail projects, integrated townships, lifestyle gated communities, and redevelopments.

Shares of Kalpataru Limited ended at ₹298.70, down by ₹5.90, or 1.94%, on the BSE.

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