Kalpataru Ltd. signs redevelopment project in Andheri West with ~₹1,400 crore GDV potential

Kalpataru Limited, a leading developer in Mumbai Metropolitan Region (MMR) today announced the signing of a prestigious redevelopment project of Shree Mahalakshmi CHS at a prime location off Veera Desai Road, Andheri West. The project spans ~3 acres of prime land with a total potential ~0.4 msf carpet area and estimated Gross Development Value (GDV) of around Rs. 1,400 cr.

Strategically located in Andheri West, one of Mumbai's most established residential and commercial micro-markets, the project is positioned to benefit from excellent connectivity and a well-developed ecosystem. The neighbourhood benefits from well-established social infrastructure, including reputed schools and colleges, leading healthcare facilities, retail destinations, entertainment hubs, and prominent business districts.

The project is expected to add to Kalpataru's development pipeline while supporting the company's continued focus on redevelopment opportunities across the Mumbai Metropolitan Region. The fully residential development will offer thoughtfully planned residences designed to support contemporary lifestyles, with an emphasis on sustainability, modern amenities, and seamless connectivity.

Shares of Kalpataru Limited was last trading in BSE at Rs. 299.15 as compared to the previous close of Rs. 304.60. The total number of shares traded during the day was 891 in over 104 trades.

The stock hit an intraday high of Rs. 309.10 and intraday low of 298.20. The net turnover during the day was Rs. 269796.00.

Source : Equity Bulls

Keywords

Kalpataru INE227J01012 RealEstate MMR RedevelopmentProject AndheriWest