Mumbai’s redevelopment wave continues to gain momentum as leading real estate developer Kalpataru Limited has secured a major housing society redevelopment project in Andheri West. The project, with an estimated Gross Development Value (GDV) of around ₹1,400 crore, highlights the growing trend of redeveloping aging housing societies into modern residential complexes across the city.
The redevelopment will take place at Shree Mahalakshmi Cooperative Housing Society, located near Veera Desai Road. This society, like many older residential complexes in Mumbai, is now set to undergo a transformation that will provide residents with new homes, better infrastructure, and upgraded amenities.
🏠Major Redevelopment Project Secured
Kalpataru Limited has secured redevelopment rights for the housing society project with an estimated value of around ₹1,400 crore. The project marks another significant addition to the developer’s growing redevelopment portfolio in Mumbai.
🌆  Redevelopment of an Existing Housing Society
The project involves the complete redevelopment of Shree Mahalakshmi Cooperative Housing Society, where older buildings will be replaced with modern high-rise residential towers designed to meet current urban living standards.
 📍Prime Location in Andheri West
Located near Veera Desai Road in Andheri West, the project benefits from one of Mumbai’s most vibrant residential and commercial areas. The locality is known for strong connectivity, proximity to business hubs, and excellent social infrastructure including schools, healthcare facilities, and entertainment centers.
đź“ť Large 3-Acre Land Parcel
The redevelopment will take place on approximately 3 acres of land, which is considered a valuable and sizeable redevelopment opportunity in a densely developed suburban area like Andheri West.
đź“Ś Benefits for Existing Society Members
The society currently consists of around 242 members, all of whom will receive newly constructed apartments as part of the redevelopment plan. The new development is expected to offer larger homes, improved facilities, and modern lifestyle amenities.
🏗️  Significant Residential Development Potential
The project is expected to generate around 0.4 million square feet of carpet area, including rehabilitation units for existing residents as well as additional apartments that may be offered for sale in the open market.
Growing Trend of Redevelopment in Mumbai
With limited availability of vacant land in the city, redevelopment of older housing societies has become a major driver of new residential supply. Projects like this highlight how developers such as Kalpataru Limited are playing a key role in reshaping Mumbai’s skyline while improving housing conditions for residents.
Overall, this redevelopment project reflects the continued momentum of housing society redevelopment in Mumbai, especially in high-demand locations like Andheri West.
Source:
🏗️ Mumbai Redevelopment Boom Continues in Andheri West – ₹1,400 Crore Project Announced