Kalpataru Limited has signed a cluster redevelopment project in Ashok Nagar, Kandivali East, Mumbai, covering five adjacent societies and spanning about two point eight acres. The development offers a free sale potential of about zero point three seven million (mn) square feet of carpet area and an estimated gross development value of Rs 12.5 billion (bn). The company described the project as a residential development with integrated high-street retail and modern amenities. The signing marks an addition to the developer's portfolio in the Mumbai Metropolitan Region. The managing director said the firm views redevelopment as a transformative process that revitalises existing communities and creates future-ready neighbourhoods that balance local heritage with planned open spaces. The project will incorporate expansive green areas and community-oriented facilities while aiming for high standards of sustainability and building quality. The company indicated that it will work with the local community during the development process. The site benefits from connectivity to major road networks and metro lines and is close to a range of educational institutions, healthcare centres and commercial hubs, which the company expects will enhance residential appeal. Kalpataru has an established presence in Kandivali East, having delivered six landmark developments including Kalpataru Jharokha and Kalpataru Vienta, which the firm cited as part of its local track record. The project is presented as reinforcing the developer's leadership in the locality. Kalpataru noted that the signing follows a separate Rs 14 billion (bn) redevelopment project in Andheri East announced in March and forms part of a steady expansion across key micro-markets in Mumbai. The company has completed 83 projects aggregating to more than 23.3 mn square feet of developable area and has 31 ongoing and forthcoming projects spread over about 43 mn square feet. The firm attributes its capacity to the Kalpataru Group's 56 years of legacy and its end-to-end execution capabilities.