Kalpataru Group was founded in 1969 and is headquartered in Mumbai, where it has grown into one of India's most established real estate companies over more than five decades. The company has over 113 completed projects spanning Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. Within the Mumbai Metropolitan Region, the developer has consistently operated across product types — specialising in luxury, premium, and mid-income residential, commercial, and retail developments, managing all aspects from land acquisition through to design, construction, and sales.
From pioneering the idea of 1.5-bedroom residences to developing Asia's first Platinum LEED-certified commercial building, Kalpataru has built a record of firsts that shaped how suburban Mumbai was imagined. In 1999, Kalpataru Heights became Mumbai's tallest building at 39 storeys; in 2001 the company completed Asian Paints' head office in Santacruz; and in 2008 Kalpataru Square earned Platinum LEED Core and Shell certification from the US Green Building Council. Today, under the leadership of Parag Munot as Managing Director, Kalpataru continues to expand its urban footprint through innovation, quality construction, and customer-centric design.
Mumbai's western suburban corridor — the belt running from Jogeshwari through Borivali — is where Kalpataru's current residential pipeline is concentrated. Three active projects sit across this belt, each chosen for a distinct reason: the Jogeshwari-Borivali belt emerged as the epicentre of Mumbai's property boom in FY 2024–25, recording 879 projects by 588 builders and flat sales worth over ₹40,000 crore — the highest in Greater Mumbai — driven by 18,319 units sold, a 39% increase from the previous year.
Kalpataru Vivant is a residential community located at Jogeshwari East close to JVLR, set on 6.2 acres of prime property and featuring 1, 2, and 3 BHK residences ranging from 435 to 1,076 square feet. The development comprises seven towers — North Wing A, B, C, D, E and South Wing A and B — rising to 22 storeys, with 782 units in total.
The JVLR address is not incidental. The Jogeshwari-Vikhroli Link Road is a 10-kilometre arterial route connecting the Western Express Highway to the Eastern Express Highway, passing through Jogeshwari East, Andheri East, Powai, Kanjurmarg, and Vikhroli. That east-west reach puts residents close to employment clusters on both sides of the city. NESCO IT Park is 2.4 km away (approximately 4 minutes), SEEPZ is 2.7 km away (6 minutes), and Holy Spirit Hospital is 2.1 km away (6 minutes).
Infrastructure pending completion strengthens the location further. The upcoming Metro Line 7 from Dahisar to Andheri East and Line 6 from Lokhandwala to Vikhroli are expected to boost Jogeshwari East's connectivity, with JVLR Metro Station on Line 7 and Shyam Nagar Metro Station on Line 6 both in proximity. The Western Express Highway is 900 metres from the project, Jogeshwari East Metro Station is 1.4 km away, and Jogeshwari Railway Station is 1.6 km away.
This is also Kalpataru's second significant development on this particular land parcel — the earlier Kalpataru Estate on JVLR is an established gated community in the same neighbourhood, which means Kalpataru Vivant buyers step into a location where the developer's credibility is already visible on the ground.
Kalpataru Lokhandwala is an under-construction residential project on the Back Road of Lokhandwala Complex, Andheri West, rising to 31 floors with possession targeted for December 2030. Choosing Lokhandwala Complex as a development site signals a clear product intent: this is one of western Mumbai's most established upper-end addresses, and a new Kalpataru tower here competes for a buyer who already knows the locality well.
Lokhandwala Complex is a large, upmarket, affluent residential and commercial neighbourhood in Andheri West. Built during 1984–85, the complex is now undergoing large-scale reconstruction as several ageing buildings are being demolished to make way for taller and modern residential towers. The skyline across the township's four main lanes is rapidly changing as early-developer structures are replaced by new buildings from leading real estate names. Kalpataru Lokhandwala is part of this transformation, bringing the developer's construction standards to one of the few remaining redevelopment-driven opportunities inside the complex.
From a connectivity standpoint, Lokhandwala Complex benefits from significant infrastructure. Placed between Versova, Oshiwara, and Four Bungalows, Versova Metro Station on Line 1 is a five-minute walk, and Andheri Station connects to both the Western and Harbour railway lines. Chhatrapati Shivaji Maharaj International Airport is just 4 to 6 kilometres from the complex — one of the closest major residential neighbourhoods to the airport in all of Mumbai. Current average prices in the Lokhandwala-Andheri West area are recorded between ₹45,000 and ₹50,000 per square foot.
Kalpataru Advay is a residential project in Borivali West offering 2 BHK, 3 BHK, and 4 BHK apartments across a 5.89-acre site, with unit sizes from 780 to 1,835 square feet. Spanning 6.12 acres across three towers, Advay maintains 46% open area — a meaningful proportion in a dense western-suburb context. The project is registered under MahaRERA No. P51800077381 and is under construction with possession targeted for June 2030.
Borivali West is not a speculative bet — it is a well-established residential suburb with robust transaction volumes. Borivali West has recorded property appreciation of 21.3% over five years and 37.4% over ten years, backed by stable rental yields and growing investor demand. In current market terms, Malad-Borivali broadly trades in the ₹22,000–₹32,000 per square foot range.
Connectivity at the Advay site is strong and improving. The project is 0.5 km from New Link Road and approximately 3 km from the Western Express Highway. Eksar Metro Station is 1.7 km away and Borivali Metro Station is 1.5 km from the site. The Thane-Borivali twin tunnel project, once complete, will cut travel time between the two nodes from roughly an hour to 15 minutes, which is expected to significantly upgrade Borivali's value proposition for buyers who travel eastward for work. The project also has Sanjay Gandhi National Park to the east and Gorai Creek and mangroves to the west — an unusual combination of natural buffers for a project this close to the Western Line terminus.
Advay's three-tower structure offers configurations across 2, 3, and 4 BHK units, targeting a range of family profiles. The amenity programme includes a pickleball court, cricket pitch, outdoor fitness zone, reflexology path, yoga lawn, forest trail, hammock grove, orchard, butterfly and aromatic gardens, kids play area, and an amphitheatre lawn.
Kalpataru's three active Mumbai projects are distributed across different price points and buyer profiles within the same broad corridor, which is itself the city's most active real estate zone right now. Mumbai's real estate market recorded its highest-ever sales in 2024–25, with 49,191 units sold worth ₹1,24,138 crore — a 26% growth over the previous fiscal year. The median property price stood at ₹27,500 per square foot, up 6% year-on-year.
Data from CREDAI-MCHI and CRE Matrix indicate that housing sales in the western suburbs grew by 13% in FY 2024, even as new launches declined by 35% — a signal of strong demand meeting limited supply. That demand-supply gap is precisely the environment in which a developer with an execution track record — and three simultaneously active sites across different micro-markets — holds a structural advantage.
The Jogeshwari-Borivali belt has emerged as a commercial corridor as well, attracting IT firms, co-working spaces, and back offices driven by improved connectivity via the Western Express Highway and new Metro lines. That employment density in the same corridor as Kalpataru's residential supply creates a natural demand base: professionals who work in Andheri East, JVLR, or Goregaon and want to live within a 15–20 minute commute.
As of March 2024, Kalpataru has a strong presence across all micro-markets in the Mumbai Metropolitan Region and Pune, with a stated focus on innovation, thoughtful design, and timely delivery. For buyers navigating an active, price-pressured market, that multi-decade local presence — visible in delivered projects from Worli to Bandra East, Santacruz to Juhu — carries verifiable weight.
