Kalpataru bets Rs 1,250 cr on Kandivali cluster redevelopment with high-street retail
Kalpataru has signed a Rs 1,250 crore cluster redevelopment of five housing societies across 2.8 acres in Mumbai's Kandivali, adding 0.6 million sq ft to its portfolio. The mixed-use project will pair residential towers with high-street retail, deepening the developer's bet on suburban Mumbai micro-markets.
What happened
Kalpataru signed a Rs 1,250 crore cluster redevelopment of five societies in Kandivali, Mumbai, planning residential development with high-street retail, adding
Key facts
- Rs 1,250 crore GDV
- 2.8 acres
- 0.37 million sq ft carpet
- 0.6 million sq ft added
- 31 projects
- 43 million sq ft portfolio
Why this matters
Cluster redevelopments like this one are becoming the dominant supply channel in Mumbai suburbs, so retail brands eyeing Kandivali should track Kalpataru's leasing timeline for early anchor positioning.