Kalpataru Limited traces its origins to 1969, when Mofatraj P. Munot began developing property in Mumbai. Today the company describes itself as an integrated real estate developer
Kalpataru Limited is an integrated real estate development company with over 113 completed projects across Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur, specializing in luxury, premium, and mid-income residential, commercial, and retail developments, managing all aspects of real estate development from land acquisition to design, construction, and sales. It is led by Mr. Mofatraj P. Munot, with over five decades of experience, and Mr. Parag M. Munot, with three decades of experience. In July 2025, this scale translated into a public listing: the Kalpataru IPO was finalized on Jun 27, 2025, with shares listing on NSE and BSE at a final issue price of ₹414 per share, giving Bandra East buyers a developer whose books, land bank, and delivery record are now a matter of public disclosure rather than brochure claims.
In Bandra East, that scale is concentrated in one address: Kalpataru Magnus, opposite Guru Nanak Hospital in Gandhi Nagar, a short walk from the Bandra-Kurla Complex. The project sits on what was originally a MIG redevelopment plot, and its design brief reflects the ambitions of the location — conceptualized by architect Sanjay Puri with landscaping by Burega Farnell.
Bandra East's rise as a residential address is inseparable from the growth of BKC next door. As Mumbai's real estate market has evolved, Bandra East has emerged as a prime destination for both homebuyers and investors, given its strategic location, robust infrastructure, and proximity to key commercial hubs. Bandra Kurla Complex currently hosts 18 million sq. ft. of Grade A offices and is set to expand to 25 million sq. ft. by 2030, a trajectory that keeps pulling senior executives and corporate tenants toward addresses within walking or short-driving distance of BKC — precisely where Kalpataru Magnus sits.
The site itself carries locational advantages that Kalpataru has built the project around: it is located near MIG Club, Gandhi Nagar, Bandra East, with the Western Express Highway 700 metres away and Jio World Drive 1.5 km away. The project is strategically located near Bandra Kurla Complex (BKC), providing seamless connectivity to the Western Express Highway and Eastern Express Highway and major business hubs.
Kalpataru Magnus occupies a compact but dense footprint characteristic of BKC-adjacent development. The project is constructed on 2.24 acres of land, across 3 towers with 3B+G+26/30 floors, offering 2BHK, 3BHK, 4BHK, and 4.5BHK premium residences. Overall unit count is limited: the gated community offers premium 2, 3, 4 and 4.5 BHK homes across 3 towers, with a total of 250 well-ventilated units.
Carpet areas and configurations run across a wide band. The area of 2 BHK units ranges from 778 to 956 sqft, priced roughly between Rs 2.68 crore and Rs 4.98 crore. 3 BHK units range from 1043 to 1319 sqft, priced between roughly Rs 3.48 crore and Rs 7.57 crore. 4 BHK units span 1263 to 1618 sqft, priced between roughly Rs 4.62 crore and Rs 9.06 crore. 4.5 BHK units range from 1741 to 1888 sqft, priced between roughly Rs 6.49 crore and Rs 11.04 crore.
The residences carry finishing details typical of Kalpataru's premium segment. Interiors feature imported marble flooring, kitchens with quartz-based agglomerated marble platforms, stainless steel sinks, piped gas connections, and bathrooms with imported marble dado and premium sanitary fittings. On the amenity side, the top amenities available include a basketball court, CCTV monitoring, children's play area, gymnasium, jogging track, landscaped garden, party lawn, senior citizens' area, spa, swimming pool, multipurpose hall, and steam room.
The project is registered under Maharashtra's regulator with MahaRERA Registration Number P51800004029, and standing inventory reflects a project that has largely moved past construction risk — the status of Kalpataru Magnus is Ready to move.
Kalpataru Magnus draws its value proposition primarily from adjacency to BKC and the arterial network around it. The upcoming Metro Line 2 (Charkop to Mankhurd) and Metro Line 3 (Colaba to SEEPZ) will pass through BKC, enhancing accessibility, alongside proposed infrastructure such as an underpass to the Bandra-Worli Sea Link and a flyover from BKC to the Western Express Highway.
Social infrastructure in the immediate catchment covers education, healthcare, and retail. Nearby institutions include Dhirubhai Ambani International School, the American School of Bombay, and Mt. Litera School International for education; Jio World Drive and Phoenix Market City for shopping; and Asian Heart Institute, Hinduja Hospital, Lilavati Hospital & Research Centre, and Guru Nanak Hospital for healthcare. Recreation options in walking distance include the MCA Club, MIG Club, Jio Garden, and Indus Club.
Transaction data places Kalpataru Magnus among the more actively traded addresses in the micro-market. Ten BKC is the most preferred choice for property buyers in Bandra East with about 68 transactions in the past year, followed by Kalpataru Magnus with 43 transactions. On pricing, Kalpataru Magnus features among the top premium housing societies in Bandra East at roughly ₹61,200 per sq ft, broadly in line with the locality's premium segment. Separate tracking shows a total of 31 residential transactions registered for Kalpataru Magnus, amounting to ₹232 crore, as of mid-2026, and average property prices at the project moving from ₹62,150 per sqft to ₹66,550 per sqft during Q4 2025, a 7.08% rise.
This sits within a locality-wide uptrend. Property prices in Bandra East have moved 8.6% in the last one year, 44.6% over three years, and 22.9% over five years. Rental demand is similarly firm: Bandra (E) offers strong rental yields of 5% due to modern gated communities and proximity to BKC.
Kalpataru Magnus is one entry in a broader Mumbai portfolio that spans the city's key micro-markets. The developer's portfolio includes landmark projects such as Kalpataru Horizon in Worli, Kalpataru Crest in Bhandup, Kalpataru Paramount in Thane, and Kalpataru Magnus in Bandra East. Elsewhere in the Santacruz–Bandra corridor, the company has also delivered Primus Residences, positioned for connectivity to BKC, the Mumbai airport, South Mumbai, the Western suburbs and SCLR.
This footprint rests on a construction history that predates most of Mumbai's current skyline. The company built Mumbai's tallest residential tower in the 1970s, a record that stood for the next quarter of a century, introduced the concept of 1.5 bedroom homes, and built Asia's first and the world's sixth Platinum LEED certified commercial building. That trajectory continued into public markets in mid-2025, when the company, active across Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur, listed on the exchanges, giving prospective Kalpataru Magnus buyers a level of financial transparency uncommon among Mumbai's residential developers.
