TRU Realty Enters Mumbai Market with ₹400 Cr Premium Housing Projects

TRU Realty, led by former Kolte Patil Developers CEO Sujay Kalele, is making its debut in Mumbai’s residential real estate market with two premium housing projects worth ₹400 crore. The developments are strategically located in the high-demand Santacruz–Andheri corridor.

The move comes amid a real estate boom in Mumbai, where property registrations have reached a 13-year high. Rising disposable incomes, limited land supply, and strong demand continue to drive the city’s residential sector, which is currently valued at USD 57.9 billion and projected to grow to nearly USD 98 billion by 2030 at a CAGR of 11.1%.

“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.