Kalpataru Limited has signed a redevelopment agreement for Shree Mahalakshmi CHS in Andheri West, adding another project to its redevelopment portfolio in the Mumbai Metropolitan Region.
The project, located off Veera Desai Road in Andheri West, spans around 3 acres of land and has a development potential of about 0.4 million square feet of carpet area. The estimated Gross Development Value (GDV) of the project is around ₹1,400 crore, according to the company.
Prime Location in a Mature Micro-Market
Andheri West is considered one of Mumbai’s well-established residential and commercial micro-markets, offering strong connectivity to key parts of the city.
The redevelopment site benefits from proximity to major infrastructure and social amenities including schools, colleges, healthcare facilities, retail centres, and entertainment hubs, as well as business districts across the western suburbs.
Its location near Veera Desai Road also places it within reach of major transport corridors and commercial hubs in Mumbai’s western belt.
Focus on Redevelopment Opportunities
The project will be a fully residential development, designed to offer modern homes with contemporary layouts, lifestyle amenities and sustainability-focused design.
With land availability limited in core parts of Mumbai, redevelopment of existing housing societies has become one of the primary growth avenues for developers in the city.
The new project is expected to strengthen Kalpataru’s development pipeline as the company continues to pursue redevelopment opportunities across the Mumbai Metropolitan Region.
Industry experts note that redevelopment projects in established neighbourhoods like Andheri West typically attract strong homebuyer demand due to ready infrastructure, established social ecosystems and connectivity advantages.
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