Kalpataru Ltd has officially signed a redevelopment project in Andheri West, Mumbai, with an estimated gross development value (GDV) potential of ₹1,400 crore (14 billion rupees). The project, spanning approximately 3 acres and covering ~0.4 million sq. ft. of carpet area, strengthens Kalpataru’s pipeline of premium redevelopment opportunities in the Mumbai Metropolitan Region (MMR).
Introduction To The Announcement
The redevelopment project involves Shree Mahalakshmi CHS, strategically located off Veera Desai Road in Andheri West. Kalpataru disclosed the development on March 12, 2026, emphasizing its focus on sustainable design, modern amenities, and lifestyle-driven residential offerings.
Details Of The Project
The project will deliver a fully residential development, designed to meet the growing demand for premium housing in Mumbai. With a GDV potential of ₹1,400 crore, it is one of Kalpataru’s largest redevelopment ventures in recent years. The company highlighted that the project will integrate sustainability features and contemporary architecture.
Strategic Importance
This redevelopment strengthens Kalpataru’s footprint in Mumbai’s high-value real estate market, particularly in Andheri West, which has emerged as a luxury hub. The project is expected to generate significant long-term revenue streams and reinforce Kalpataru’s reputation as a leading developer in India’s urban redevelopment space.
Broader Implications
The announcement underscores the rising importance of redevelopment projects in Mumbai, where land scarcity drives demand for housing society revamps. It also reflects the government’s push for transparent redevelopment approvals, creating opportunities for developers to unlock value in prime city locations.
Key Highlights
• Kalpataru signs redevelopment project in Andheri West, Mumbai
• Project involves Shree Mahalakshmi CHS, spanning ~3 acres
• Gross development value potential estimated at ₹1,400 crore (14 billion rupees)
• Fully residential development with ~0.4 million sq. ft. carpet area
• Strengthens Kalpataru’s pipeline of premium MMR redevelopment projects
Sources: Kalpataru Ltd BSE Filing (March 12, 2026), ScanX News