Press release for signing of Cluster Redevelopment Project in Kandivali East
KALPATARU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kalpataru Ltd has signed a cluster redevelopment project called 'Ashokgram Cluster' in Kandivali East, Mumbai. The project involves five adjacent societies spanning ~2.8 acres of prime land with a free sale potential of ~0.37 million sq ft carpet area. The estimated Gross Development Value (GDV) is around ₹1,250 crore. This is a residential development with high-street retail components, strategically located near metro lines and major road networks. The project follows another significant ₹1,400 crore redevelopment project announced in Andheri East in March 2026, reinforcing Kalpataru's leadership in Mumbai's redevelopment market where it has already delivered six landmark developments.
This new project acquisition adds substantial pipeline to Kalpataru's order book and strengthens its presence in Mumbai's key micro-markets, which is positive for future revenue visibility.