Kalpataru Secures ₹1,400 Crore Mumbai Redevelopment Deal

announced on March 12, 2026, a redevelopment agreement for Shree Mahalakshmi CHS in Mumbai's Andheri West, featuring an estimated gross development value (GDV) of ₹1,400 crore. Spanning about 3 acres off Veera Desai Road, the project will deliver roughly 0.4 million square feet of premium residential carpet area in a prime micro-market with excellent connectivity to schools, hospitals, retail, and business hubs. This fully residential initiative aligns with Kalpataru's strategy to tap high-value urban redevelopments in the Mumbai Metropolitan Region, enhancing its pipeline through sustainable designs and modern amenities. 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.