Kalpataru Limited traces its founding to 1969, when Mofatraj P. Munot started what would become one of Mumbai's most consistent real estate enterprises. The company built Mumbai's tallest residential tower in the 1970s — a record that stood for the next quarter-century — introduced the concept of 1.5-bedroom homes, and later delivered Asia's first Platinum LEED-certified commercial building for core and shell. Today, Kalpataru Limited counts over 113 completed projects across Mumbai, Thane, Panvel, Pune, Hyderabad, Indore, Bengaluru, and Jodhpur. That scale matters in Mulund West specifically, because Kalpataru's presence here is not opportunistic — the developer had an early, deliberate stake in this locality long before the current infrastructure cycle made it a mainstream conversation.
Kalpataru counts among its firsts the first township concept at Mulund — a milestone that shaped how the suburb scaled up residentially through the 1990s and 2000s. Over the years, the group has been honoured with several prestigious awards for landmark projects in South Mumbai as well as in Mulund. That combination — township-scale thinking applied early, repeated delivery in one locality — is what distinguishes Kalpataru's position in Mulund West from developers who arrived more recently.
Kalpataru Elitus sits on LBS Road, Mulund West, and carries MahaRERA registration number P51800023840. Pricing starts at ₹4.27 crore (all inclusive), with possession ongoing for Tower C. The development is spread over a land parcel of 3.79 acres and comprises three towers, each rising to 47 floors.
The ICON tower — the final and most premium phase at Elitus — offers 3 and 3.5-bedroom homes designed for a select few. The 3BHK apartments feature dedicated walk-in wardrobe spaces, and the project offers generously sized carpet areas in those units — something increasingly uncommon in a market where compact layouts dominate new supply. The project reserves 40% of the site as open space.
The amenities programme at Elitus is broad. It includes an aerobics room, badminton court, CCTV surveillance, gymnasium, indoor games, intercom, jacuzzi, jogging and cycle track, kids' play areas, kids' pool, large green area, luxurious clubhouse, party hall, party lawn, senior citizen area, snooker and billiards, spa, swimming pool, table tennis, tennis court, and yoga area. The amenity design is organised around seven distinct zones, incorporating an amphitheatre, air lounge, meditation pavilion, hammock garden, pedal park, picnic and barbecue area, and a business lounge alongside the sporting facilities.
The Commencement Certificate has been issued for Kalpataru Elitus. Yes Bank and Tata Capital have approved the project for home loans.
Residents at Elitus drive out directly onto LBS Road from the building itself — a practical advantage in a locality where arterial access can otherwise require navigating internal lanes. The project address is near LBS Marg, Vasant Oscar, Mulund West. Nearby references include D-Mart at 1.0 km, Mulund Station at 2.6 km, and the Eastern Express Highway at 3.6 km.
The surrounding social infrastructure is well-established. Within short drives from Elitus are Johnson and Johnson Garden (3 minutes), Indira Gandhi Sports Club (6 minutes), Fortis Hospital (7 minutes), NES International School and DAV International School (each 6 minutes), D-Mart (5 minutes), R Galleria (8 minutes), and R-Mall (9 minutes). Other notable landmarks nearby include O2 Business Commercial Park and Fortis Hospital.
Kalpataru's Mulund West presence is not limited to residential. Kalpataru Summit is an exemplary 33-storeyed structure located right on LBS Marg in Mulund. It is an accredited Grade A office space offering international amenities, crafted for select professionals and investment-grade commercial occupancy. The project carries RERA number P51800033272. Kalpataru Summit offers Grade-A office spaces from ₹1.80 crore to ₹3.89 crore.
Summit is strategically positioned at the epicentre of business activity and upcoming key infrastructure, including the Goregaon Mulund Link Road (GMLR) and Metro Line 4. This dual-mode presence — residential through Elitus and Grade A commercial through Summit — gives Kalpataru a more complete stake in Mulund West's long-cycle transformation than any single-product developer in the locality.
Mulund West's attractiveness to a Kalpataru buyer rests on three infrastructure triggers that are concurrent rather than theoretical. Metro Line 4 is a 32.32-km elevated corridor connecting Wadala to Kasarvadavali. For Mulund residents, the relevant stations are Mulund Fire Station, Mulund Naka, and Sonapur on the Mulund-Bhandup border. Elitus is 5 minutes from both Mulund Fire Station and Hedgewar Chowk metro stations. Once operational, this line connects Mulund directly into Mumbai's metro grid — enabling onward connections to the airport via Line 3 and Line 1, and westward to Andheri via Line 6. That network effect transforms Mulund from a well-connected suburb into a transit-integrated node.
The Goregaon-Mulund Link Road aims to connect the Western Express Highway at Goregaon with the Eastern Express Highway at Mulund. Once completed, this link road is projected to reduce travel time between Goregaon and Mulund from the current 75 minutes to just 25 minutes. From Elitus, this translates to reaching Mindspace, NESCO IT Park, or Nirlon Knowledge Park in Goregaon in under 30 minutes after the GMLR opens.
These infrastructure commitments are already visible in price data. Average per-square-foot rates in Mulund West in Q1 2025 reached ₹34,500, up from roughly ₹33,800 in Q1 2024, confirming continued buyer and investor confidence. The headline asking price for Mulund West in mid-2026 is approximately ₹28,785 per sq ft for residential apartments. Over a longer horizon, flat prices in Mulund West have appreciated 4.5% over one year, 11.9% over three years, and 17.1% over five years. Kalpataru Elitus, at its current asking rate, trades at a premium to the locality average — consistent with how Kalpataru projects have historically priced relative to their submarkets.
Parag Munot's leadership has propelled Kalpataru Limited to FY25 pre-sales of ₹4,531 crore. Founded in 1969 by Mofatraj P. Munot, Kalpataru has delivered over 120 projects across 25 lakh square metres in Mumbai, Pune, Hyderabad and beyond. The company's market capitalisation stands at approximately ₹8,226 crore, and it has earned over 120 awards for architectural excellence and sustainability.
Kalpataru Limited is part of the Kalpataru Group, one of India's leading conglomerates with interests spanning real estate, power transmission and distribution, civil infrastructure, and logistics. Between 1974 and 1982, the Group operated as one of the largest civil contracting firms in the Middle East, based in the UAE. That breadth of engineering and construction capability — across infrastructure and real estate — underpins the construction quality standards buyers in Mulund West encounter at an Elitus or Summit site visit.
Other notable Kalpataru developments across Mumbai include Kalpataru Lokhandwala in Andheri West, Kalpataru Azuro in Marine Lines, Kalpataru Prive in Mumbai Central, and Kalpataru Estella in Balkum, Thane. Mulund West fits within a deliberate geographic logic: the developer concentrates on micro-markets in Mumbai's central and north-eastern belt where township-scale land parcels are still available and infrastructure spending is active.
