Real estate developer Kalpataru Ltd reported pre-sales of ₹1,258 crore in Q2FY27, representing a 5% decline from ₹1,329 crore in the year-ago quarter. According to reports from CNBC TV18, collections stood at ₹1,189 crore, compared with ₹1,182 crore in Q2FY26. The company noted that operational figures were provisional and subject to a limited review.
For the first half of FY27, Kalpataru reported pre-sales of ₹2,587 crore, marginally higher than ₹2,577 crore in the corresponding period last year. As reported by CNBC TV18, collections increased 9% year-on-year to ₹2,554 crore from ₹2,348 crore in H1FY26. The company's pre-sales value stood at ₹1,329 crore in Q1 FY27, compared with ₹1,249 crore in Q1 FY26, registering a 6% year-on-year growth.
During the September quarter, Kalpataru launched its premium residential project, Kalpataru Elaara, in Goregaon West, Mumbai. According to CNBC TV18, the project offers two-, three- and four-bedroom residences along with more than 25 lifestyle amenities. Located on MG Road, off Link Road, the project is minutes away from Bangur Nagar Metro Station and close to education, entertainment and healthcare infrastructure. Kalpataru Elaara has now received RERA approval with project code PM1180002600918, covering a 2.35-acre Bangur Nagar Goregaon West redevelopment. The project offers 2–3 BHK units from ₹3.12 crore with possession expected in May 2025.
Kalpataru signed significant development agreements during the quarter, including a ₹1,250 crore Ashokgram Cluster redevelopment in Kandivali East involving around 2.8 acres of land with an estimated gross development value of around ₹1,250 crore. As reported by CNBC TV18, the project will deliver 5 societies across 0.37 million square feet with expected launch in Q2-Q3 2027. Additionally, the company signed a ₹1,400 crore redevelopment of Shree Mahalakshmi CHS in Andheri West, a 3-acre project delivering 0.4 million square feet with expected launch in 2027.
Shares of Kalpataru Limited ended at ₹261.00, down by ₹0.35, or 0.13%, on the BSE. According to CNBC TV18, the company also signed a Development Agreement for a society redevelopment project involving around 2.8 acres of land in Kandivali (East), with an estimated gross development value of around ₹1,250 crore. During the quarter, the company launched luxury residential projects including Kalpataru Vian, Hrushikesh, Lokhandwala and Tower C of Estella at Kalpataru Parkcity, Thane.
