The Kalpataru Group has risen to the top in the premium realty market
The group is reshaping luxury by crafting enclaves that blend sustainability with urban elegance and eco-innovative designs
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Last Updated: Oct 10, 2025, 14:01 IST1 min
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Parag Munot’s incisive leadership has propelled Kalpataru Limited, the real estate cornerstone of the Kalpataru Group, to FY25 pre-sales of ₹4,531 crore, cementing its dominance in India’s premium property market. Founded in 1969 by his father, Mofatraj P Munot, Kalpataru has delivered over 120 projects across 25 lakh square metres in Mumbai, Pune, Hyderabad and beyond, redefining urban living with integrated townships that fuse residential splendour with commercial dynamism. The market capitalisation of Kalpataru Limited is approximately ₹8,226 crore and the company commands premiums above market averages through IGBC-certified designs and a legacy of quality, earning over 120 awards for architectural excellence and sustainability.
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Born in 1970, Parag is the second-generation mastermind steering this empire. With a master’s of science in industrial administration from Carnegie Mellon University, he joined the family business in the 1990s, elevating it from a modest contractor to a luxury real estate titan. His journey—masterminding Mumbai’s redevelopment wave amid economic shifts—showcases analytical rigour. “Real estate demands precision and enduring value,” Parag noted in a 2025 interview, underscoring Kalpataru’s USP: Meticulous craftsmanship, timely execution, and eco-innovative designs that prioritise resident well-being and investment stability. This strategy fuelled FY25 revenues of ₹2,222 crore, up 15 percent year-on-year, with FY26 bookings targeted at ₹5,000 crore.
Kalpataru is reshaping luxury by crafting enclaves that inspire aspiration. Developments like Kalpataru Prive on Altamount Road and Kalpataru Azuro on Nepean Sea Road offer residences starting at ₹50 crore, featuring private balconies, infinity pools and over 50 world-class amenities. These LEED-inspired, tech-forward homes redefine opulence by blending sustainability with urban elegance, fostering vibrant communities. “We deliver legacies that grow in value,” Parag emphasised.
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Kalpataru’s allure draws India’s elite. In July 2025, the Lloyds Group promoter family acquired six apartments worth ₹227 crore in Kalpataru Prive, captivated by its Altamount Road exclusivity. Bollywood star Ajay Devgn invested in a lavish Juhu residence, drawn to its bespoke design and seclusion.
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Parag’s strategic foresight extends beyond Mumbai. In 2024, Kalpataru entered NCR with a ₹2,000 crore ultra-luxury project in Gurugram, set for FY26 launch, targeting affluent buyers. With ambitions for ₹1,500 crore in commercial rental income, Parag is sculpting a future where luxury is timeless.
First Published: Oct 10, 2025, 14:01
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