Kalpataru to redevelop hosing society in Mumbai
Real estate developer Kalpataru Ltd has informed about acquiring the rights to redevelop a large housing society spread over nearly 4 acres in Mumbai’s western suburb of Andheri’s Lokhandwala locality. The proposed redevelopment project has an estimated development of over 8 lakh sq ft including a 5 lakh sq ft saleable area with a revenue potential of over Rs 2,100 crore.
The project's current layout has 12 residential buildings housing 290 apartments spread over 1.90 lakh sq ft. Work entails rehousing and providing a total 3 lakh sq ft redeveloped space.
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