Kalpataru will invest Rs 300 crore to develop a residential project-Kalpataru Park Riviera at Panvel, Mumbai, the company said in a media release
The project, spread over 2.4 acres, will comprise of over 400 apartment units across 2BHK and 3BHK configurations and will be developed in two phases.
In the first phase, 171 units are being launched with prices starting Rs 73 lakh. They will be ready for possession by June 2025.
“Savings at a historical high between 8-10%, on account of softening of interest rates and various incentives by the government and industry makes this the best time to acquire real estate,” said Parag Munot, MD, Kalpataru.