India, Feb. 10 -- Mumbai-based Kalpataru Limited has inked agreements to redevelop two housing societies covering an area of 7.37 acres in the eastern suburb of Chembur and the western suburb of Goregaon, as per documents accessed by IndexTap.

Market sources said the company would develop 1.5 million sq ft of land with a revenue potential of Rs.2,000 crore.

According to property registration documents accessed by CRE Matrix, the company has signed two development agreements worth Rs.328 crore.

According to market sources, the two redevelopment projects will have 480 units to be sold in the open market and over 320 units to be rehabilitated.

The documents show that the two old housing societies, Hari Niketan CHS in Goregaon and Suman C...