India, May 25 -- Mumbai-based listed real estate developer Kalpataru Limited has signed a cluster redevelopment project comprising five adjacent housing societies in the Ashok Nagar area of Kandivali East, Mumbai. The company expects a total revenue of Rs.1,250 crore from the project.

In a regulatory filing, the company said it had signed a large-scale redevelopment project comprising five adjoining housing societies in Ashok Nagar, Kandivali East, Mumbai, collectively known as the Ashokgram Cluster. The redevelopment spans more than 2.8 acres and offers a free-sale potential of 0.37 million sq ft of carpet area.

"At Kalpataru, we view redevelopment as a transformative journey that breathes new life into existing communities. Our latest...