Arkade Developers Share Price Gain 4% After Securing Malad Redevelopment Project

Arkade Developers share price rose by 3.9% on February 19, 2025, reaching an intraday high of ₹144.8 on the BSE. The stock saw increased buying interest after the company secured the redevelopment rights for Nutan Ayojan, a cooperative housing society in Malad West.

At 12:43 PM, the stock was trading at ₹142.6, up 2.41%, while the BSE Sensex gained 0.03% to 75,989.45. The company’s market capitalisation stood at ₹2,647.56 crore. The stock’s 52-week high and low were ₹190 and ₹128.3, respectively.

Project Details

Arkade Developers announced that it had acquired the redevelopment rights for Nutan Ayojan, marking another step in its expansion across Mumbai’s prime locations.

The project will be built on a 6,858.90 square meter plot and is estimated to have a gross development value (GDV) of around ₹740 crore. It will feature luxurious 2 and 3 BHK apartments with a total saleable RERA carpet area of approximately 233,000 square feet.

Project Features

The planned structure will include:

• 2 basements
• 4 podium parking levels
• An eco-deck
• 32 residential floors

The project will have 408 homes, out of which about 215 units will be available for sale, further enhancing Arkade Developers’ residential portfolio.

Company’s Vision

Amit Jain, Chairman and Managing Director of Arkade Developers, emphasised the company’s commitment to offering modern and innovative homes while retaining the community’s familiar surroundings.

“Our strategy focuses on high-growth areas through redevelopment, strategic acquisitions, and optimising our land bank’s value. This project aligns with our expansion plans, allowing us to accelerate our growth pipeline,” he said.

Expanding Presence in Mumbai

With this new redevelopment, Arkade Developers strengthens its position in Mumbai’s Metropolitan Region (MMR). The company is known for developing premium residential properties and continues to expand its footprint in key micro-markets.

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