Kalpataru Expands Mumbai Redevelopment Portfolio with ₹1,250 Crore Kandivali Project

$KALPATARU. has further strengthened its presence in Mumbai’s redevelopment market by signing a new cluster redevelopment project in Kandivali East with an estimated Gross Development Value (GDV) of around ₹1,250 crore. The project covers five adjacent housing societies in Ashok Nagar and spans approximately 2.8 acres, offering a free-sale potential of nearly 0.37 million square feet of carpet area. Planned as a modern residential development with high-street retail, the project benefits from strong connectivity to major road networks and metro corridors, making it an attractive location for future homebuyers. This addition comes shortly after the company announced a ₹1,400 crore redevelopment project in Andheri East, reflecting its continued focus on Mumbai’s redevelopment opportunities. Kalpataru has already delivered six residential projects in Kandivali East and aims to create a future-ready community with modern amenities, green spaces and strong social infrastructure. On the financial front, the company reported a sharp improvement in performance during Q4FY26, with consolidated net profit surging over 14 times to ₹200.5 crore from ₹14.1 crore a year ago, while revenue grew 183.8% year-on-year to ₹1,693.7 crore from ₹596.9 crore. EBITDA stood at ₹217.4 crore compared to an EBITDA loss of ₹19.7 crore in the corresponding period last year. Looking ahead, the company expects around 15% revenue growth in FY27, supported by expansion into overseas infrastructure opportunities and new EPC segments. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.