Kalpataru Limited, a Mumbai-based listed real estate developer, will redevelop a residential project in Andheri on a land parcel of three acres. With a total development potential of approximately 0.4 million sq ft of carpet area, the project's revenue potential is over ₹1,400 crore.

Kalpataru Limited signed an agreement for the redevelopment of a housing society named 'Shree Mahalakshmi CHS' situated in Andheri West, off Veera Desai Road. The redevelopment project will offer approximately 350 flats for sale. This deal bolsters Kalpataru's project pipeline as they maintain their strategic focus on redevelopment projects throughout the Mumbai Metropolitan Region (MMR).

The project will have modern layouts and designs, featuring sustainability and lifestyle amenities to offer a comfortable lifestyle to its residents. Enjoying a strategic location, the development will offer excellent connectivity and access to social infrastructure facilities including renowned schools and colleges, healthcare facilities, retail and entertainment options, and significant business hubs in proximity to the project.

In 2025, Kalpataru Limited had signed an agreement for the redevelopment of two housing societies located in Mumbai's eastern suburb of Chembur and Goregaon in the western suburbs. According to the documents, the two old housing societies span across 7.37 acres of land, named 'Hari Niketan CHS' in Goregaon and 'Suman CHS' in Chembur.

The two redevelopment projects will have more than 320 units designated for existing residents, while 480 units will be available for open-market sale. The estimated Gross Development Value (GDV) of the project is ₹2,000 crore. The company paid a stamp duty of ₹6.53 crore for Hari Niketan CHS and ₹21.06 crore for Suman CHS.

1. Dwarka Bungalow

In December 2025, for the redevelopment of the project, ZYJ Estates LLP had acquired Dwarka Bungalow located in Mumbai's Santacruz for ₹164 crore. Situated on Linking Road in Santacruz West, the property is spread across 1,266.7 sqm with features including a ground-plus-one structure, a garage and auxiliary sheds. The company paid ₹9.8 crore for stamp duty for the transaction registered on November 17, 2025.

2. The Address by GS, Wadala

In January 2026, Raymond Realty had announced the launch of a housing redevelopment project titled 'The Address by GS, Wadala' with an estimated Gross Development Value (GDV) of ₹5,000 crore. Located in Mumbai's Wadala area, the project is a 31-storey tower, spanning across 5.62 acres of land. To provide a comfortable living environment to its residents, the project will offer several amenities including a swimming pool, mini theater, lounge deck and banquet spaces, to name a few.

3. Om Nagar Co-operative Housing Society Federation Limited

In February, Rustomjee Group announced plans to redevelop eight societies, which are part of Om Nagar Co-operative Housing Society Federation Limited, with a revenue potential of ₹1,775 crore. Located in Andheri East, Mumbai, the redevelopment will offer new units to current 637 members.

Kalpataru is strengthening its market presence in Mumbai's western suburbs through strategic redevelopment projects in Andheri and Goregaon. By balancing rehabilitation units with a 480-unit saleable inventory, the company is leveraging high demand to expand its project pipeline across the MMR.