Kalpataru Ltd, a leading developer in Mumbai Metropolitan Region (MMR), has announced the signing of a large cluster redevelopment project comprising five adjacent societies in Ashok Nagar, Kandivali East, Mumbai.
The project spans 2.8 acres of prime land and carries a free sale potential of 0.37 million square feet carpet area with an estimated Gross Development Value (GDV) of around ₹1,250 crore.
The redevelopment has been envisioned as a residential project with high-street retail and is strategically located in one of Mumbai’s key residential micro-markets.
Focus on connectivity and urban living
The company said the project will offer residents strong connectivity to major road networks and metro lines, while also benefiting from proximity to educational institutions, healthcare facilities, retail destinations and business hubs.
Kalpataru said the development aims to create a future-ready neighbourhood integrating modern planning, open green spaces and lifestyle amenities while retaining the locality’s existing character.
Strengthening presence in Kandivali East
The latest redevelopment project further strengthens Kalpataru’s presence in Kandivali East, where the company has already delivered six developments, Kalpataru Jharokha, Kalpataru Vatika, Kalpataru Gardens, Kalpataru Tower, Kalpataru Avenue and Kalpataru Vienta.
The announcement follows the company’s earlier redevelopment project in Andheri East with an estimated GDV of ₹1,400 crore announced in March this year.
With a legacy spanning more than five decades, Kalpataru continues to expand its redevelopment portfolio across Mumbai’s key micro-markets.
Transformative journey
Kalpataru Ltd Managing Director Parag Munot, said, “At Kalpataru, we view redevelopment as a transformative journey that breathes new life into existing communities. Our latest venture in Kandivali East is envisioned as a future-ready neighbourhood that seamlessly blends its local heritage with world-class planning, expansive green spaces, and modern amenities.”
He added that the project is strategically positioned within a thriving micro-market and is expected to set a new benchmark for sustainable urban living.
Company portfolio
Kalpataru Ltd. focuses on the development of luxury, premium and aspirational residential, commercial and retail projects, integrated townships, gated communities and redevelopment projects.
The company has delivered 83 projects aggregating more than 23.3 million square feet of developable area and currently has 31 ongoing and forthcoming projects spread across Mumbai, Thane, Panvel, Pune, Lonavala, Nagpur, Noida and Hyderabad.