Kalpataru Secures Two Major Redevelopment Projects in Mumbai
Kalpataru, a leading real estate developer, has secured redevelopment agreements for two significant housing societies in Mumbai. These projects, located in Chembur and Goregaon, span a total of 7.5 acres and are expected to generate over Rs 2,000 crore i
KalpataruReal EstateMumbaiRedevelopmentHousing SocietiesReal Estate MumbaiFeb 11, 2025
The projects are located in Suman Nagar, Chembur, and Goregaon, covering a total land area of nearly 7.5 acres.
These developments are expected to generate over 1.5 million sq ft of built-up area and have a revenue potential of over Rs 2,000 crore.
The projects are scheduled to be completed within 42 months from the start of construction.
The Suman Nagar project, situated in Chembur, spans an area of five acres and will comprise six towers.
The developer’s share in this project will be over 4.2 lakh sq.
ft., distributed across 350 apartments.
The project is designed to offer modern amenities and a high standard of living for its residents.
The Goregaon project, located near Link Road and Bangur Nagar Metro station, is slightly smaller but equally significant.
It will include three towers, housing 200 apartments and totaling 2 lakh sq.
ft.
for sale.
The strategic location near the metro station and major roadways adds to the project's appeal, making it an attractive option for homebuyers.
Kalpataru has already paid Rs 27.6 crore in stamp duty for these agreements, demonstrating its commitment to these projects.
The company has a strong track record of completing redevelopment projects in key Mumbai locations.
To date, Kalpataru has successfully completed eight such projects and currently has four ongoing and three forthcoming projects in prominent areas.
This latest acquisition further cements Kalpataru's position as a leading player in the Mumbai real estate market.
The developer's emphasis on quality, timely delivery, and customer satisfaction has earned it a reputation for excellence.
With these new projects, Kalpataru aims to continue its growth trajectory and contribute to the city's urban development.
Frequently Asked Questions
What are the locations of the two redevelopment projects secured by Kalpataru?
The two redevelopment projects are located in Suman Nagar, Chembur, and in Goregaon, Mumbai.
What is the total land area covered by these projects?
The total land area covered by these projects is nearly 7.5 acres.
What is the revenue potential of these projects?
The revenue potential of these projects is over Rs 2,000 crore.
How many towers will be built in the Suman Nagar project?
The Suman Nagar project will comprise six towers.
How many apartments will be included in the Goregaon project?
The Goregaon project will include 200 apartments.
Related News Articles
Empowering Education: How Indian Real Estate is Driving CSR Initiatives
Indian real estate companies are investing in CSR initiatives that focus on improving educational infrastructure, enhancing digital literacy, and supporting teacher growth and training.
Unlocking Prosperity: Amazing Goa Global Business Summit 2024
The 2nd edition of Amazing Goa Summit is scheduled to take place from November 8-10, focusing on industries driving Goa's economic growth, including real estate, tourism, education, and more.
Maharashtra's 314 Real Estate Projects Face Insolvency Crisis
Of the 314 projects, 236 are from the Mumbai Region, 52 from Pune, nine from Haveli, and five each from Ahmednagar and Solapur, among other districts.
Indian Real Estate Developers Raise Rs 12,801 Crore via QIP in First Nine Months of 2024
Mumbai, Oct 28 2024 - Indian real estate developers raised Rs 12,801 crore through qualified institutional placements (QIPs) in the first nine months of this year, accounting for over 17% of the total QIP issuance across sectors. This surge highlights the
Gurugram Real Estate: A Leading Hub in India's Property Market
Gurugram has emerged as a prime destination for real estate investments due to its advanced infrastructure, strategic location, and rapid urbanization. The city's improved amenities and connectivity to the national capital have set new standards in India'
Homebuyers' Group Demands Tougher Government Action on Misleading Real Estate Ads
The Federation of Pradesh Common Efforts (FPCE) has condemned the penalties imposed by the Maharashtra Real Estate Regulatory Authority (MahaRERA) on developers for non-compliance, calling for stricter enforcement and more severe consequences.