Kalpataru secures ₹1,400 cr Mumbai redevelopment project
pre-market1 source ↓written by the desknot a recommendation
- GDV
- ₹1,400 cr
- site in Andheri
- 3-acre
- providing
- 350 new apartments
- of rehabilitation space
- 1.65 lakh sq ft
Kalpataru Ltd. has won redevelopment rights for a Mumbai housing society, valued at ₹1,400 cr GDV. The project will modernize a 3-acre site in Andheri West, providing 350 new apartments and 1.65 lakh sq ft of rehabilitation space.
This strategic move highlights the company's focus on urban renewal amid market scrutiny of its financials. The project aligns with Mumbai's growing demand for housing, driven by urban development and new metro lines.
Not investment advice. For informational purposes only.