Kalpataru sells 93,000 square feet office space for ₹304 crore to global shipping firm

Realty firm Kalpataru Ltd has sold over 93,000 square feet of office space for ₹304 crore to a shipping company in its commercial project at Vikroli in Mumbai, according to sources, as mentioned in the PTI.

Mumbai-based Kalpataru Ltd, which got listed on stock exchanges recently, is developing a commercial project, 'Kalpataru Virtus' at Vikhroli (East), covering around 2.75 lakh square feet of carpet area. The project is expected to be completed by December 2027.

According to sources quoted by PTI, the company has sold five floors, totalling 93,266 sq ft of carpet area, to the shipping firm for a total value of ₹304 crore.

Kalpataru Ltd spokesperson declined to comment. Over the past year, Kalpataru Ltd has sold commercial properties worth around ₹1,200 crore.

At present, Kalpataru has about 2.5 lakh sq ft carpet area of premium commercial space available for sale.

Kalpataru Ltd, one of the leading real estate developers in the country, has clocked a 41% growth in its pre-sales to ₹4,531 crore in the last fiscal, driven by higher demand for residential properties.

During the first quarter of this fiscal, the company posted an 83% rise in its sales bookings to ₹1,249 crore on higher realisation. Its sales bookings stood at ₹682 crore in the year-ago period.

On the financial performance, Kalpataru reported a consolidated net loss of ₹49.42 crore in the first quarter of this financial year. Its net loss stood at ₹0.69 crore in the year-ago period.

The total income fell to ₹456.78 crore in the April-June period of 2025-26 from ₹544.67 crore in the corresponding period of the preceding year.

Kalpataru share price

At close, the shares of Kalpataru Limited closed 0.70% lower at ₹368.55 per equity share on the National Stock Exchange (NSE).

Over the last five days, shares of Kalpataru Limited have declined 3.41%. The scrip has further declined 0.70% in the last month. On the other hand, Kalpataru Limited shares have declined 14.87% in the last 6 months and the year-to-date drop stands at 14.87%.

The stock touched its 52 week high of ₹457.40 on July 9, 2025 and its 52 week low of ₹345.80 on August 7, 2025.The company’s market capitalisation is ₹7,588.96 crore.