Kalpataru Limited has informed the Exchange regarding a press release dated March 12, 2026, titled "Press release for signing of a redevelopment project at Andheri".
KALPATARU · price
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Kalpataru Limited has signed a redevelopment project for Shree Mahalakshmi CHS located off Veera Desai Road in Andheri West, Mumbai. The project covers approximately 3 acres of prime land with a potential carpet area of about 0.4 million square feet and an estimated Gross Development Value (GDV) of around ₹1,400 crore. It will be a fully residential development, designed with modern amenities and a focus on sustainability. The project is expected to strengthen Kalpataru's development pipeline and supports its ongoing focus on redevelopment opportunities in the Mumbai Metropolitan Region. Kalpataru currently has 83 completed projects (over 23.3 MSF) and 29 ongoing, forthcoming, and planned projects (~41.2 MSF) across Mumbai, Thane, Panvel, Pune, and Hyderabad.
This adds a sizeable ₹1,400 crore GDV project to Kalpataru's pipeline in a prime Mumbai micro-market, which is positive for future revenue visibility. However, GDV represents total potential project value rather than immediate revenue, so the near-term impact on earnings may be limited until construction and sales progress.