Kalpataru Signs Redevelopment Agreement for Shree Mahalakshmi CHS in Andheri West with ₹1,400 Crore GDV

Kalpataru Secures Shree Mahalakshmi Redevelopment in Andheri West

Kalpataru Limited has announced the redevelopment of Shree Mahalakshmi CHS off Veera Desai Road in Andheri West, Mumbai. The residential project spans nearly three acres with an estimated gross development value of ₹1,400 crore.

Project Scale and Specifications

The development features a potential carpet area of approximately 0.4 million square feet. The fully residential project will feature thoughtfully planned homes designed for contemporary lifestyles, focusing on sustainability, modern amenities, and seamless connectivity.

Location and Market Context

Andheri West is one of Mumbai's most established residential and commercial micro-markets, with excellent connectivity and a well-developed ecosystem. The project location provides access to existing social infrastructure, including schools, hospitals, and retail hubs, as well as proximity to local business districts.

This move follows a broader trend of developers targeting established Mumbai suburbs where land for greenfield projects is limited. Redevelopment activity in Mumbai's western suburbs continues to pick up pace, with Kalpataru adding another residential project to its pipeline through a new housing society redevelopment deal in Andheri West.

Kalpataru's Redevelopment Strategy

The new project aligns with Kalpataru's broader strategy of expanding through redevelopment opportunities across the Mumbai Metropolitan Region. The company plans to develop a fully residential complex designed around modern urban lifestyles. The planned residences will emphasize sustainability, contemporary amenities, and connectivity.

The project is expected to add to Kalpataru's development pipeline while supporting the company's continued focus on redevelopment opportunities across the Mumbai Metropolitan Region.

About Kalpataru Limited

Kalpataru Limited is among the larger real estate developers operating in Maharashtra. The company has completed 83 projects covering more than 23.3 million square feet of developable area. It currently has 29 ongoing, forthcoming, and planned projects spread across Mumbai, Thane, Panvel, Pune, and Hyderabad, covering approximately 41.2 million square feet.

The developer also draws on the Kalpataru Group's 56 years of experience across real estate, infrastructure, and construction sectors.