About Kalpataru Lokhandwala
Kalpataru new launch project in Lokhandwala is coming up soon with all luxury amenities. The company has acquired rights for housing society redevelopment in Lokhandwala in Mumbai with significant revenue potential. There are multiple housing projects in progress in Mumbai suburbs.
This Kalpataru upcoming project in Lokhandwala is spread across nearly 4 acres in Mumbai’s western suburb Andheri’s Lokhandwala locality. Offering 1, 2 and 3 BHK flats for sale in Lokhandwala.
The proposed redevelopment housing project has a total estimated development of over 8 lakh sq ft including 5 lakh sq ft saleable area with revenue potential of over Rs 2,100 crore.
Currently the entire building layout has a total 12 residential towers, which has 290 apartments. It is spread over 1.90 lakh sq ft area. The Kalpataru Builders redevelopment project in Lokhandwala entails rehousing and providing a total 3 lakh sq ft space.
The company has signed this residential project agreement that is expected to be completed in next four years’ time.
The Kalpataru Group is still in the process of planning out phase which includes designing of specific floor plan design and layout design of the project. This will have a high rise multistorey apartments with view of mangroves.
Over the past few years, several real estate developers in Mumbai have reworked their business model to focus on asset-light models. Such as joint development and development management agreements.
Real estate projects involving the redevelopment of old housing societies and rehabilitation are the mainstay of the Mumbai region’s property market. As the land-starved city and its peripheral areas have few vacant land parcels.
In July 2023, the Maharashtra government said that a member of a housing society that undergoes redevelopment need not pay stamp duty. They have to pay on the allotted permanent accommodation as part of the project.
Following this, the member of the housing society undergoing redevelopment is expected to pay only Rs 100 as stamp duty. While the principal agreement between the development and the housing society will be charged as per the conveyance.
The Mumbai government decision is expected to help push the redevelopment of many old and dilapidated housing societies across key cities in the state.
The Mumbai property market has continued its record-setting spree to surpass all benchmarks and scale a new all-time high almost every month. Despite higher interest rates and rising property prices. Luxury, premium, and mid-income segment properties are the ones driving this performance.
The country’s commercial capital has been achieving a new peak in terms of both property registration and the state exchequer’s revenue collection through stamp duty charges.
Project Highlights
Property Type
Luxury Apartments
Photo Gallery
Features & Amenities
- Swimming Pool
- Clubhouse
- Gymnasium
- Parking
- Kids Play Area
- Yoga and Meditation
- Outdoor Sports
- Amphitheater
- Cafeteria
- Guest Accommodation
- Gated Community
- Pet-friendly
- Vaastu Compliant
- Conference Rooms
- Multipurpose Courts
- Jogging Tracks
- Indoor Games
- Guest Parking
- Wi-Fi Area
- 24/7 Water Supply
- Pet Park
- Gourmet Kitchen
- Piped Gas Connection
- Waste Mgmt System
- Smart Home Features
- Housekeeping Service
- Rainwater Harvesting
- Fire Safety Systems
- Intercom Facility
- Power Backup
- Concierge Services
- Library Room
- High-speed Elevators
- Senior Citizen Area
- Outdoor Sports
Kalpataru Lokhandwala Price List
Kalpataru Lokhandwala Price | |||
Typology | Sizes | Price Range in Cr. (all inclusive) | |
2 BHK in Lokhandwala | Coming Soon | Coming Soon | |
3 BHK in Lokhandwala | Coming Soon | Coming Soon | |
4 BHK in Lokhandwala | Coming Soon | Coming Soon |
Floor Plan
Master Plan
Map Location
Frequently Asked Questions
Kalpataru Group new launch project will be coming up in Lokhandwala.