Project News Detail
| Project No : | 206519 |
|---|---|
| Project Title : | Kalpataru signs cluster redevelopment project in Kandivali East, Mumbai |
| Company Name : | Private Company |
| Project Detail : | Kalpataru, a leading real estate developer in the Mumbai Metropolitan Region (MMR), has announced the signing of a large cluster redevelopment project in Ashok Nagar, Kandivali East, Mumbai. The project, named the Ashokgram Cluster, comprises five adjacent housing societies spread across approx. 2.8 acres of prime land. It offers a free sale potential of around 0.37 million sq. ft. of carpet area and is estimated to have a gross development value (GDV) of about Rs 1,250 crore. The redevelopment marks another step in Kalpataru’s expansion within key micro-markets of Mumbai, particularly in Kandivali East, where the developer has already delivered multiple landmark projects including Kalpataru Jharokha, Vatika, Gardens, Tower, Avenue, and Vienta. This strong presence in the locality reinforces its strategic focus on cluster redevelopment opportunities in dense urban pockets of the city. The announcement follows the company’s earlier Rs 1,400 crore redevelopment project in Andheri East, highlighting its continued push into high-value urban redevelopment segments. Reflecting on the milestone, Parag Munot, Managing Director of Kalpataru, stated: “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. We are honoured to partner with the local community to set a new benchmark for highquality, sustainable urban living while preserving it’s unique character.” |
| Project Location : | Mumbai - Maharashtra - India |
| Project Estimation : | Refer Document |
| Status : | Announced |