TRU Realty Targets ₹400 Crore Revenue with New Mumbai Projects

TRU Realty, led by former Kolte Patil CEO Sujay Kalele, is set to enter the Mumbai real estate market with the launch of two premium residential projects in the Santacruz-Andheri corridor.

Scheduled for launch in September 2025, the projects will span a combined 0.3 million sq. ft. and involve an estimated investment of ₹250 crore. With RERA approvals in place, the company is targeting revenue of approximately ₹400 crore by 2028. This move comes at a time when Mumbai’s real estate market is witnessing strong momentum, fuelled by rising disposable incomes and limited land availability.

According to TRU Realty, the projects are strategically located near key infrastructure landmarks, including Juhu Beach, Andheri Railway Station, and Chhatrapati Shivaji International Airport—enhancing their appeal to urban homebuyers.

Having previously delivered successful projects in Pune, such as the ₹275-crore TRU Meadows and the Kekarav villa community, TRU Realty is now expanding its footprint through urban redevelopment across multiple cities.

With over ₹1,000 crore in assets under development and eight ongoing projects across Pune and Mumbai, the company is positioning itself as a next-generation urban housing player, focused on sustainable growth and premium living experiences.

News by Rahul Yelligetti.