The project will be undertaken in accordance with the provisions of the Development Control and Promotion Regulations (DCPR) 2034, which govern redevelopment and construction norms across Mumbai.

As per initial estimates, Oberoi Realty expects to generate approximately 17.18 lakh sq ft of free sale component (RERA carpet area) from the project. This excludes the portion earmarked for the rehabilitation of existing tenants, which remains a mandatory component of MHADA redevelopment projects.

The free sale component is a key revenue driver for developers, representing the area that can be sold in the open market.

Located in Andheri West, one of Mumbai’s prime real estate micro-markets, Versova continues to witness strong demand due to its connectivity, social infrastructure, and proximity to key business districts.

However, the actual development potential and execution timeline will depend on statutory approvals, regulatory clearances, and compliance with applicable norms.

The agreement highlights the ongoing momentum in Mumbai’s redevelopment sector, where collaborations between public authorities like MHADA and private developers such as Oberoi Realty are unlocking land value while facilitating large-scale tenant rehabilitation.

Also Read: Oberoi Realty’s Subsidiary Buys Hotel For Rs 1040 Cr

The post Oberoi Realty Signs MHADA Deal for Versova Project; 17.18 Lakh Sq Ft Sale Potential appeared first on Square Feat India.

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.

Also Read: ASK Property Fund invests ₹190 crore in Kalpataru project

The post Kalpataru Signs ₹1,400 Crore Redevelopment Project in Andheri West appeared first on Square Feat India.

The high-value transaction was registered in May 2025 and pertains to an apartment in Poorna Apartments, a residential project located in one of the city’s most sought-after neighborhoods. The flat spans a carpet area of 1,950 sq. ft. and a built-up area of approximately 2,341 sq. ft. The couple also secured four car parking slots as part of the deal. The transaction attracted a stamp duty of Rs. 60 lakh and registration charges of Rs. 30,000.

Andheri West is known for its strategic location, connecting key business hubs and entertainment districts through major arterial roads like the Western Express Highway, SV Road, Link Road, and the Versova-Andheri-Ghatkopar Metro line. Over the years, it has transformed into a vibrant mix of commercial spaces, high-end retail, entertainment venues, and luxury residences—making it a hotspot for celebrities and professionals alike.

Jaideep Ahlawat, known for his powerful performances in films like Raees (2017) and Raazi (2018), shot to fame with his lead role in the acclaimed series Paatal Lok (2020), for which he won the Filmfare OTT Award for Best Actor. He recently starred alongside Saif Ali Khan in the Netflix film Jewel Thief (2025).

Also Read: Bollywood Singer Shaan Buys ₹10 Crore Bungalow in Pune

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