Kalpataru Signs Kandivali East Redevelopment Project With ₹1,250 Crore GDV Potential

Kalpataru has announced the signing of a large cluster redevelopment project in Ashok Nagar, Kandivali East, Mumbai. 

The project, named “Ashokgram Cluster,” includes the redevelopment of 5 adjacent housing societies. 

Project Has ₹1,250 Crore Revenue Potential 

The redevelopment project is spread across nearly 2.8 acres of land. 

According to the company, the project has: 

The development is expected to include residential spaces along with high-street retail. 

Focus On Modern and Sustainable Urban Living 

Parag Munot, Managing Director of Kalpataru, said the company sees redevelopment as an opportunity to transform existing communities into future-ready neighbourhoods. 

He added that the project will combine modern planning, green spaces, and lifestyle amenities while preserving the local character of the area. 

Strategic Location With Strong Connectivity 

The company said the project is located in a well-developed micro-market of Kandivali East. 

The location offers: 

These factors are expected to increase the project’s residential appeal. 

Strengthening Presence In Kandivali East 

Kalpataru already has a strong presence in Kandivali East and has delivered 6 projects in the locality, including: 

The latest redevelopment project further strengthens the company’s position in Mumbai’s redevelopment market. 

Expanding Redevelopment Portfolio 

Earlier in March 2026, Kalpataru had announced another redevelopment project in Andheri East with an estimated value of ₹1,400 crore. 

The company continues to expand its footprint across key real estate markets in Mumbai and other cities. 

About Kalpataru Limited 

Kalpataru is one of Mumbai’s major real estate developers with a presence in residential, commercial, retail, township, and redevelopment projects. 

The company has completed 83 projects covering over 23.3 million square feet and currently has 31 ongoing and upcoming projects across cities such as Mumbai, Pune, Hyderabad, Noida, Nagpur, and Panvel. 

Read More: MedPlus Health Services Share Price in Focus; Subsidiary Receives 2 Drug Licence Suspension Orders in Karnataka! 

Kalpataru Share Price Movement 

Kalpataru share pricel was trading marginally higher on Monday. The stock gained 0.48% to ₹335.40 on the NSE during the afternoon session. It opened at ₹345 and also touched an intraday high of ₹345, while the day’s low stood at ₹333. The company’s market capitalisation was around ₹6,920 crore. Kalpataru has a price-to-earnings (P/E) ratio of 74.29. The stock touched a 52-week high of ₹457.40 and a 52-week low of ₹258. The company has not announced any dividend payout so far.l 

Conclusion 

Kalpataru’s new Kandivali East redevelopment project highlights the growing opportunities in Mumbai’s redevelopment market. With strong connectivity and large revenue potential, the project is expected to strengthen the company’s presence in the city’s key residential micro-markets. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi.  

Disclaimer:This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.  

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.