Press release for signing of Cluster Redevelopment Project in Kandivali East

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KALPATARU · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹337.00

prior close

₹334.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-1.3% vs market

Residential Commercial Projects peers, median of 66sector+1.0%-0.7% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 0.7 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 66Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

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.

Likely market impact

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.