Arkade Developers Adds 4 Redevelopment Projects in Mumbai, Targeting ₹5000 Crore Turnover
Arkade Developers Limited has acquired four new redevelopment projects in Western Mumbai, spanning 11.17 acres. These projects are projected to generate a turnover of approximately ₹5000 crore. The largest project in Borivali West alone has a turnover potential of ₹3000 crore. The company aims to strengthen its development pipeline.
The addition of multiple large-scale redevelopment projects with a substantial projected turnover of ₹5000 crore is a significant development for the company's future revenue and market presence.
The announcement details the acquisition of new projects and a significant projected turnover, indicating business growth and expansion.
Arkade Developers Limited has announced the addition of four new cluster redevelopment projects in Western Mumbai, reinforcing its presence in key micro-markets. These projects are located in Malad West, Kandivali West, Kandivali East, and Borivali West, covering a total land area of approximately 45,204 sq. m. (11.17 acres).
The collective projected saleable carpet area for these developments is around 15 lakh sq. ft., with an anticipated turnover potential of approximately ₹5000 crore.
Key project details include: * Kandivali East (Ashok Nagar area) and Kandivali West (Shankar Lane): These two projects span approximately 12,611.5 sq. m., offering a projected saleable carpet area of 3.5 lakh sq. ft. and an estimated Gross Development Value of ₹1,100 crore. * Malad West: This redevelopment project covers about 8,428 sq. m., with a projected saleable carpet area of 2.5 lakh sq. ft. and a turnover potential of approximately ₹900 crore. * Borivali West (Yogi Nagar – Plot B): The largest of the new developments, this project spans approximately 24,165 sq. m., with a projected saleable carpet area of 9 lakh sq. ft. and a potential turnover of ₹3,000 crore.
Collectively, these projects represent an estimated construction area of approximately 51 lakh sq. ft. Mr. Amit Jain, Chairman and Managing Director of Arkade Developers Limited, commented on the company's 2026 vision, highlighting the real estate sector's growing contribution to India's GDP and the importance of redevelopment in Mumbai. He also noted the company's recent achievement of receiving the Occupancy Certificate for Arkade Eden in Malad West nine months ahead of the RERA date.
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