Kalpataru Secures ₹1,400 Crore GDV Redevelopment Project in Andheri West
Kalpataru Limited 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. This project marks a significant addition to Kalpataru's pipeline of residential developments, further solidifying its position in the real estate market.
Mumbai's western suburbs continue to see a surge in redevelopment activity, and Kalpataru Limited is at the forefront of this trend. The company has entered into a redevelopment agreement for Shree Mahalakshmi CHS, located off Veera Desai Road in Andheri West. The project spans approximately 3 acres of land and is expected to generate about 0.4 million square feet of carpet area. Once completed, the project will enhance Kalpataru's residential portfolio within the Mumbai Metropolitan Region and strengthen its redevelopment pipeline.
Andheri West is one of Mumbai's established residential and commercial micro-markets, offering strong connectivity across the city and access to multiple transport corridors. The area is a preferred residential destination due to its well-established social infrastructure, including schools, colleges, healthcare facilities, retail centres, and entertainment hubs. The presence of major business districts nearby also contributes to sustained residential demand in the area.
The new project aligns with Kalpataru's broader strategy of expanding through redevelopment opportunities across the Mumbai Metropolitan Region. The company plans to develop a fully residential complex designed around modern urban lifestyles. The planned residences will emphasize sustainability, contemporary amenities, and connectivity. According to Kalpataru, redevelopment projects allow it to unlock value in prime urban locations while delivering upgraded housing infrastructure to existing residents.
Kalpataru Limited is among the larger real estate developers operating in Maharashtra. The company has completed 83 projects covering more than 23.3 million square feet of developable area. Currently, it has 29 ongoing, forthcoming, and planned projects spread across Mumbai, Thane, Panvel, Pune, and Hyderabad, covering approximately 41.2 million square feet. Drawing on the Kalpataru Group’s 56 years of experience across real estate, infrastructure, and construction sectors, the company is well-positioned to execute this latest redevelopment deal. This project reflects the continued shift toward redevelopment-led growth in Mumbai’s mature residential districts.
