Announced Wed, 19 Aug · 11:35 IST
Arkade Developers adds 4 redevelopment projects in Western Mumbai worth about 5000 Crore
ARKADE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹129.84
prior close
₹130.15
base price
In-mkt
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AI summary
Arkade Developers added 4 cluster redevelopment projects across Western Mumbai spanning about 45,204 sq.m. in Malad, Kandivali and Borivali. Total projected saleable area is about 15 lakh sq.ft. with revenue potential of about 5000 Crore. Largest is Yogi Nagar Plot B in Borivali West with about 3000 Crore potential. The company also got Occupancy Certificate 9 months ahead of RERA date at Arkade Eden.
Likely market impact
Boosts development pipeline with about 5000 Crore revenue potential, reinforcing growth outlook in Mumbai real estate market.