Kalpataru Rs 350 Cr Mumbai Premium Housing Project

Kalpataru Ltd will invest Rs 350 crore over the next three years to develop a premium housing project in Mumbai spread across 5 lakh sq ft, the real estate company has said. The work will begin later this month and expects to

BY Realty Plus
Published - Monday, 23 Nov, 2020

Kalpataru Rs 350 Cr Mumbai Premium Housing Project

Kalpataru Ltd will invest Rs 350 crore over the next three years to develop a premium housing project in Mumbai spread across 5 lakh sq ft, the real estate company has said. The work will begin later this month and expects to hand over the houses in early 2024. Nearly 5 lakh sq ft area will be developed in the current phase at an estimated cost of Rs 350 crore, it said. A 2BHK house starts at Rs. 1.7 crore while 3BHK will cost at least Rs 2.4 crore. The first phase of the project comprising more than 170 residential units across 2, 3 and 4BHK categories was launched in January 2020. Located in Ashok Nagar, Kandivali East, the project is close to the East-West flyover. Kandivali railway station and the metro station on the upcoming Line 2 and Bandongri metro station on Metro Line 7 are at a walkable distance. There are several shopping malls, educational institutions and offices in the neighbourhood.