Kalpataru kick-starts ₹300-cr real estate project

Kalpataru Group has launched a premium residential project Kalpataru Park Riviera at Panvel in Mumbai housing over 400 apartments and entailing ₹300 crore investments. The project spreads over an area of 2.4 acres and is being developed in two phases comprising 2BHK and 3BHK configurations. In the first phase, 171 units are being launched across both configurations and apartments will be ready for possession by June 2025. Panvel is emerging as Mumbai Metropolitan Region's new realty hub, due to its strategic location between the industrial hubs and business districts, and the enormous infrastructure development underway. The city's abundant green cover and air quality also makes it one of the country's most livable destinations. MD, Parag Munot, informed that the project is located in the vicinity of the upcoming Navi Mumbai International Airport (NMIA) and the Mumbai-Pune and Mumbai-Goa highways. Also, in close proximity are the Panvel Railway station, the State Transport Bus Station and the upcoming Mumbai Trans Harbor Link, which will provide quick access to the South and Central Mumbai Business Districts.