Kalpataru Launches Kandivali East Redevelopment Project


NEW DELHI: Kalpataru has initiated a cluster redevelopment project involving five neighboring societies in Ashok Nagar, Kandivali East, Mumbai.

The development covers 2.8 acres, with a free sale potential of 0.37 million square feet of carpet area and an estimated gross development value (GDV) of approximately ₹1,250 crore.

In Q4 FY26, the pre-sales value reached ₹1,833 crore, a six percent increase from ₹1,724 crore in Q4 FY25. Collections totaled ₹1,487 crore, up 41 percent from ₹1,057 crore the previous year, with an area sold of 1.15 million square feet.

Average sale realization during this quarter was ₹15,969 per square foot.

  • Published On May 25, 2026 at 02:00 PM IST

Join a community of over 2 million industry professionals.

Subscribe to our newsletter for the latest insights and analysis delivered to your inbox.

Stay updated on the ETRealty industry right from your smartphone!

Download QR Code

Related Posts

Godrej’s Masterplan for 1,000 Acres in Vikhroli

Representative Image MUMBAI: The Godrej Enterprise Group, a major landholder in Mumbai, is developing a comprehensive master plan for its 1,000-acre parcel located in suburban Vikhroli, as confirmed by a senior executive on Tuesday. Jamshyd Godrej and his sister Smita Crishna, who oversee the group, have shifted some manufacturing operations from this site but will continue production at Vikhroli, noted GEG’s Executive Director Nyrika Holkar during a press briefing. “We will maintain manufacturing activities in Vikhroli, and we are currently undertaking a master planning exercise to ensure systematic development over time,” Holkar stated. As Holkar explained, the land is primarily…

Revised TOD Rules Open 207 sq km for High-Density Housing in Delhi

Representative AI Image NEW DELHI: The government has released updated regulations for Transit Oriented Development (TOD) as part of Delhi’s Master Plan 2021. This initiative aims to encourage high-density, mixed-use development and enhance the availability of affordable housing along metro and transit corridors. The revised policy encompasses approximately 207 sq km within a 500-metre radius of metro corridors and key transit nodes, including RRTS and railway stations. Significantly, this is the first time around 80 sq km of land, including land pooling areas, low-density residential zones, and unauthorized colonies, has been included under TOD. According to the new norms, developers…

Real Estate, NBFCs Drive Salary Growth by 2026: Aon Study

NEW DELHI: A recent study by Aon, a global professional services firm, predicts a 9% salary increase across India by 2026, primarily fueled by robust growth in the real estate and non-banking financial company (NBFC) sectors. Driving Talent Demand: Real Estate and Infrastructure The real estate and infrastructure sectors are expected to see significant salary increases of 10.9% in 2026, slightly up from 10.5% in 2025. This growth is attributed to government capital investments, real estate market recoveries, and increasing institutional involvement. Roopank Chaudhary, a partner at Aon, stated that investments in infrastructure and policy reforms are boosting hiring. “Real…