Arkade Developers Limited has announced the acquisition of a large-scale redevelopment project in Dahisar East, Mumbai. The project, covering 6.5 acres (26,286 square metres), is set to generate a Gross Development Value (GDV) of approximately ₹1,700 crore. This move aligns with Arkade’s strategic expansion in the Mumbai Metropolitan Region (MMR), reinforcing its position in the competitive real estate market.
On the back of this development, the stock price of Arkade Developers has gained over 2% as of 2:23 PM on February 12, 2025.
The redevelopment project will offer a total saleable area of approximately 6,76,000 square feet, incorporating both residential and commercial spaces. Its strategic location near Dahisar Railway Station, Anand Nagar Metro Station, and the Western Express Highway makes it a prime real estate development, catering to the growing demand for high-quality living spaces in Mumbai.
The latest acquisition is part of a broader expansion strategy. In January 2025, Arkade Developers acquired a 4-acre land parcel in Goregaon West, currently leased to Filmistan Pvt. Ltd., with a projected revenue of ₹2,000 crore. Additionally, the company has secured three redevelopment projects across Andheri East, Malad West, and Borivali West, covering approximately 5 acres, with an estimated turnover of ₹2,150 crore.
Arkade Developers has built a strong reputation for timely project completion. In FY2024-25, the company received four Occupation Certificates (OCs) ahead of the RERA schedule for its premium projects in the western suburbs—Arkade Crown, Arkade Aspire, Arkade Aura, and Arkade Prime. This achievement highlights the company’s commitment to efficiency and customer satisfaction, with over 650 units delivered and more than 450 families already in possession of their homes.
With a pipeline of 16 projects in the MMR—six ongoing and ten upcoming—Arkade Developers is poised for significant growth. The company remains committed to delivering high-quality residential and commercial developments, further contributing to Mumbai’s evolving skyline.
Arkade Developers Limited, listed on both the BSE and NSE, has over 38 years of experience in real estate development. The company has completed 31 projects, developing over 5.5 million square feet, with an additional 2 million square feet under development. Upholding core values of trust, transparency, commitment, and happiness, Arkade continues to set benchmarks in Mumbai’s real estate landscape.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Feb 12, 2025, 4:43 PM IST
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