📋 Tender Overview
Scope : To Redevelop Four-Acre Housing Society in Mumbai, Maharashtra
Real estate developer Kalpataru has acquired the rights to redevelop a large housing society spread over nearly four acres in Lokhandwala locality in Mumbai, Maharashtra. The proposed redevelopment project has a total estimated development of over eight lakh sq. ft. of which five lakh sq. ft. is saleable area, with a revenue potential of over Rs 2,100 crore.
The layout currently has a total of 12 residential buildings which has 290 apartments spread over 1.90 lakh sq. ft. The redevelopment project entails rehousing and providing a total three lakh sq. ft. of redeveloped space. The company has inked a development agreement and expects to complete it in four years. The developer is working on design and layout of the project.
