TRU Realty, led by former CEO of Kolte Patil Developers, Sujay Kalele, is set to enter the Mumbai residential market with two premium housing projects valued at a total of ?400 crore. These projects are located in the city’s highly competitive Santacruz–Andheri corridor.
TRU Realty’s entry into the Mumbai market occurs during a period of favorable market conditions. The city remains one of the most expensive real estate markets in the country, particularly in highly competitive micro-markets such as Juhu and Andheri. At the same time, Mumbai’s property market is experiencing its highest registration numbers in 13 years, as increasing disposable incomes and limited land availability continue to boost demand.
The Mumbai residential real estate market is currently valued at approximately USD?57.9?billion and is projected to grow to nearly USD?98.0?billion by 2030 at an 11.1% CAGR
“Mumbai has historically been a tough market for non-local developers,” said Sujay Kalele, the Founder CEO of TRU Realty. “Our redevelopment projects in these ultra-competitive neighbourhoods serve as a strong testament to our transparent, technology-driven approach. We are committed to delivering value to homeowners, society members, and end-users through a collaborative and integrity-driven model.
Previously, TRU Realty has seen success in Pune with a 275 crore premium project called TRU Meadows and an exclusive gated villa community called Kekarav. According to the developer, the firm is in the process of expanding its footprint, with an eye on building a sustained multi-city presence through urban redevelopment-led projects. The properties are located near established infrastructure and public transport options, including Juhu Beach, Andheri Railway Station, and Chhatrapati Shivaji International Airport.
