Kalpataru Signs Redevelopment Agreements for Two Housing Societies in Chembur and Goregaon with ₹2,100 Crore GDV Potential

Two Landmark Redevelopment Agreements Expand Kalpataru's Mumbai Pipeline

Kalpataru has signed contracts for two sizable housing society projects in Chembur and Goregaon in Mumbai. With a combined development area of more than 1.5 million square feet, these projects have a potential revenue of more than ₹2,000 crore.

The Chembur Project: Suman Nagar Housing Society

The five-acre Suman Nagar Housing Society in Chembur will replace ten existing residential buildings with six contemporary towers, providing about 350 new flats and a saleable carpet area share of more than 4.20 lakh sq ft. The Chembur project is located on VN Purav Marg.

The Goregaon Project: Bangur Nagar Housing Society

Located close to Link Road and the Bangur Nagar Metro station, the 2.5-acre Goregaon Housing Society consists of the conversion of eight residential structures into three towers with 18 habitable stories. The Goregaon project will include three towers with 200 apartments, totaling two lakh sq. ft. for sale.

Timeline and Execution

It is anticipated that the projects will be finished 42 months after construction begins.

Kalpataru's Redevelopment Heritage

Since its founding in 1988, Kalpataru has established a solid reputation in Mumbai's redevelopment industry. The company has completed eight projects in desirable neighborhoods like Byculla, Sion, Bandra, Juhu, Andheri, and Santacruz. The company now oversees four rehabilitation projects in Santacruz, Bandra, and Matunga, and three more are planned for Juhu, Borivali, and Andheri.